Asia Pacific (ex Japan) syndicated loan volume down 45% YoY
- Ningbo Haiyuan New Rural Construction Investment has signed a RMB 1.6 billion facility through sole bookrunner and mandated lead arranger Bank of China. Syndication saw Bank of Communications and Industrial & Commercial Bank of China join as participants. Proceeds are for capital expenditure purposes.
- China syndicated loan volume stands at $12.0 billion so far this year, slightly down from $13.0 billion borrowed in 2017 YTD.
- Asia Pacific (ex Japan) syndicated loan volume totals $17.2 billion in 2018 YTD, down 45% from $31.1 billion borrowed in the same period in 2017.
The second largest deal signed in Southeast Asia in 2018 YTD
- Armada Gema Nusantara and Karapan Armada Madura have signed a $400 million facility through sole mandated lead arranger SBI Capital Markets. Syndication saw Allahabad Bank, Bank of Baroda, Bank of India, Canara Bank, Export-Import Bank of India, Indian Bank, Indian Overseas Bank, and State Bank of India join as participants. Proceeds are to support the partial financing for the purchase cost of FPSO vessels from Madura, offshore East Java, Indonesia.
- This is the second largest deal signed in Southeast Asia in 2018 YTD, after Hengyuan Refining’s $430 million facility signed in January 2018.
- Southeast Asia syndicated loan volume stands at $1.5 billion so far this year, down 76% from $6.1 billion borrowed in 2017 YTD.
The second largest deal signed in Taiwan in 2018 YTD
- AirTAC International Group (Taiwan) has signed a NT$6.0 billion facility through sole bookrunner and mandated lead arranger Mega International Commercial Bank. Syndication saw Bank SinoPac, Chang Hwa Commercial Bank, DBS Bank, and First Commercial Bank join as mandated lead arrangers, while CTBC Bank, Far Eastern International Bank, KGI Bank, and Shanghai Commercial & Savings Bank came in as arrangers. Bank of Panhsin, E.Sun Commercial Bank, and Hwatai Bank joined as participants. Proceeds are to refinance the existing NT$3.0 billion facility signed in April 2014 and for working capital purposes and for capital expenditure purposes.
- This is the second largest deal signed in Taiwan in 2018 YTD, behind Casetek Holdings’ $360 million fundraising in January 2018.
- Taiwan syndicated loan volume stands at $1.1 billion so far this year, more than double the $446 million borrowed in 2017 YTD.
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