The second largest Utility & Energy sector deal signed in China in 2017
- State Grid Overseas Investment has signed a $1.6 billion facility through sole bookrunner and mandated lead arranger Mizuho Bank. Syndication saw Bank of Tokyo-Mistubishi UFJ, Citigroup Global Markets Asia, HSBC, and JP Morgan Chase Bank join as mandated lead arrangers. Proceeds are to repay existing debt.
- This was the second largest Utility & Energy sector deal signed in China in 2017, followed by Huadian Jinsha River Upstream Hydropoer Development’s $3.9 billion facility signed in May 2017.
- In Asia Pacific (ex-Japan), Utility & Energy sector loan volume stood at $54.5 billion via 177 deals in 2017, slightly down from $55.1 billion borrowed in 2016.
Construction is the second largest sector in Indonesia in 2017
- Hutama Karya has signed an IDR 15.6 trillion facility through joint bookrunners and mandated lead arrangers Bank Central Asia, Bank CIMB Niaga, Bank Mandiri, Bank Maybank Indonesia, Bank Negara Indonesia, and Sarana Multi Infrastruktur. Syndication saw Bank ICBC Indonesia and Bank Permata join as participants. Proceeds are to finance the development the Bakauheni-Terbanggi Besar section of the Trans-Sumatera Toll Road network.
- This was the largest Construction sector deal signed in Indonesia in 2017, followed by Shenhua Guohua Lion Power Indonesia’s $520 million facility signed in January 2017 and Waskita Karya’s $380 million facility signed in November 2017.
- In Indonesia, Construction sector loan volume stood at $4.0 billion in 2017, up 18% from $3.4 billion borrowed in 2016.
The largest deal signed in Thailand in 2017
- BeerCo has signed a $2.0 billion facility through sole bookrunner and mandated lead arranger Mizuho Bank. Syndication saw Standard Chartered Bank join as mandated lead arranger. Proceeds are to finance the acquisition of Saigon Beer Alcohol Beverage.
- This was the largest deal signed in Thailand in 2017, followed by BSR Joint Venture’ $949 million facility signed in October 2017 and Boon Rawd Trading, Singha Corp and Singha Asia Corp’s $749 million facility signed in July 2017.
- In Southeast Asia, total syndicated loan volume stood at $95.7 billion via 245 deals in 2017, increasing 4% from the $91.6 billion borrowed in 2016.
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