The largest Retail sector deal signed in Asia Pacific (ex Japan) in 2017 YTD
- AS Watson (International) Finance has secured a HK$9.5 billion facility through joint mandated lead arrangers ANZ, Agricultural Bank of China, Bank of America, Bank of China, Bank of Tokyo-Mitsubishi UFJ, China Construction Bank, Citibank, DBS, HSBC, Mizuho Bank, OCBC, Standard Chartered Bank, Sumitomo Mitsui Banking Corp, and UOB on a club basis. Proceeds are to refinance a $1.95 billion facility signed in May 2014 and for general corporate and working capital purposes.
- This is the largest Retail sector deal signed in Asia-Pacific (ex Japan) in 2017 YTD, followed by Future Enterprises’ $122 million facility signed in January 2017.
- In Asia Pacific (ex Japan), syndicated loan volume stands at $35.9 billion via 125 deals in 2017 YTD, down 60% from $89.7 billion borrowed in the same period of 2016.
The largest Real Estate sector deal signed in Asia Pacific (ex Japan) in 2017 YTD
- Sun Hung Kai Properties (Financial Services) has signed a HK$22.0 billion facility through joint mandated lead arrangers BNP Paribas, Bank of China, Bank of Communications, Bank of East Asia, Bank of Tokyo-Mitsubishi UFJ, China Construction Bank, Citibank, Credit Agricole CIB, DBS, Hang Seng Bank, HSBC, Industrial & Commercial Bank of China, Mizuho Bank, Nanyang Commercial Bank, OCBC, Shanghai Commercial Bank, Standard Chartered Bank, Sumitomo Mitsui Banking Corp, and UOB on a club basis. Proceeds are to refinance the HK$15.2 billion facility signed in March 2013.
- This is the largest Real Estate sector syndicated loan signed in Asia Pacific (ex Japan) in 2017 YTD, followed by K Wah Financial Services’s $1.0 billion facility and Hong Fok Land’s $714 million facility, both signed in February 2017.
- Real Estate is the second largest sector for Asia Pacific (ex Japan) syndicated loan market with $7.3 billion signed via 14 deals so far this year, down 51% year-on-year from $15.0 billion borrowed in 2016 YTD.
The first Construction sector loan signed in Southeast Asia in 2017 YTD
- Wijaya Karya has secured an IDR 5 trillion facility through sole bookrunner and mandated lead arranger Bank of Tokyo-Mitsubishi UFJ. Syndication saw Bank BNP Paribas Indonesia, Bank of China, Bank ICBC Indonesia, Bank Mizuho Indonesia, CTBC Bank Indonesia, Maybank, Sarana Multi Infrastruktur join as arrangers. Proceeds are to support its two toll road construction projects and for working capital purposes.
- The deal is the only Construction syndicated loan signed in Southeast Asia so far this year.
- Southeast Asia syndicated loan volume totals $8.4 billion in 2017 YTD, down 52% from the $17.4 billion borrowed from 2016 YTD.
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