Computers & Electronics sector loans down 20% in Asia Pacific (ex Japan)
· United Renewable Energy has signed a NT$10130 million facility through joint bookrunners and mandated lead arrangers First Commercial Bank, Taiwan Cooperative Commercial Bank, Mega International Commercial Bank and Chinatrust Commercial Bank. Syndication saw Shanghai Commercial & Savings Bank and Agricultural Bank of Taiwan joined as arrangers while Land Bank of Taiwan and Taiwan Business Bank came in as participants. Proceeds are for refinancing and working capital purposes.
· Taiwan syndicated loan volume stands at $26.2 billion so far this year, down 7% from $28.3 billion borrowed in the same period of 2017.
· Asia Pacific (ex Japan) Computers & Electronics sector loan volume totals $26.6 billion in 2018 year-to-date via 69 deals, down 20% from $33.1 billion in 2017 year-to-date.
China offshore syndicated loan volume almost keeps pace with last year
· Dongfeng Yueda Kia Motor has closed a $200 million facility through joint mandated lead arrangers ANZ, Societe Generale, Standard Chartered Bank and Sumitomo Mitsui Banking Corp on a club basis. Proceeds are for refinancing, capital expenditure and general corporate purposes.
· China offshore syndicated loans stand at $46.8 billion via 82 deals for this year, almost the same compared with $47.3 billion in the same period of 2017.
· In China, club loan volume totals $28.6 billion so far in 2018 YTD, down 35% from $14.2 billion borrowed in 2017 year-to-date.
Finance sector accounting for 11.2% market share in North Asia
· NH Nonghyup Bank has secured a $200 million facility through sole bookrunner and mandated lead arranger Mizuho Bank while China Construction Bank, Hua Nan Commercial Bank, Shanghai Commercial & Savings Bank, Export-Import Bank of the Republic of China and AfrAsia Bank came in as arrangers. Proceeds are for working capital purposes.
· South Korea syndicated loan volume stands at $11.2 billion in 2018 YTD, down 22% from the $14.3 billion borrowed in 2017 year-to-date.
· In North Asia, finance sector syndicated loan volume stands at $22.8 billion in 2018 year-to-date, accounting 11.2% of total market share.
