Loan volumes down in Asia, but major deal in Malaysia

China Finance sector loan volume down 12% YoY

• Far East Horizon has signed a $800 million facility through joint bookrunners and mandated lead arrangers ANZ, CTBC Bank, DBS, Nanyang Commercial Bank, and UOB. Syndication saw Bank of East Asia, Bank of Shanghai, First Abu Dhabi Bank, Hang Seng Bank, Intesa Sanpaolo, Mega International Commercial Bank, State Bank of India, and Taiwan Cooperative Bank join as arrangers while Bank SinoPac, First Commercial Bank, Korea Development Bank, Land Bank of Taiwan, and Sunny Bank came in as participants. Proceeds are to repay existing debt and for general corporate purposes.
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