Loans week April 15-21

Dealogic's weekly roundup of loans activity in Asia.

Asia Pacific (ex Japan) Finance sector loan volume at second highest YTD record

  • HPHT Finance has secured a $1 billion term loan through joint bookrunners and mandated lead arrangers ANZ, Agricultural Bank of China, Bank of America Merrill Lynch, Bank of Tokyo-Mitsubishi UFJ, China Construction Bank, Hang Seng Bank and Sumitomo Mitsui Banking Corp. Syndication saw Nanyang Commercial Bank join as mandated lead arranger while Bank of China (Macau), Industrial & Commercial Bank of China (Asia), Scotiabank (Hong Kong) and Sumitomo Mitsui Trust Bank came in as arrangers. Proceeds are to repay existing debt and for general corporate purposes.
  • This is the second largest finance sector deal signed in Hong Kong in 2016 YTD, after Haitong International Securities’ $1.6 billion facility signed on 18 March 2016.
  • In Asia Pacific (ex Japan), Finance syndicated loan volume stands at $14.1 billion via 26 deals in 2016 YTD, marking the second highest YTD level on record behind 2011 YTD’s $14.5 billion.

Real Estate is the second largest sector for Asia Pacific (ex Japan) loan volume in 2016 YTD

  • Chongqing Kaide Guyu Xiongguan Property has signed a RMB 6.7 billion facilty with sole bookrunner and mandated lead arranger Bank of China. Syndication saw Agricultural Bank of China, China Merchants Bank and Industrial & Commercial Bank of China join as participants. Proceeds are for capital expenditure purposes.
  • This is the second largest Real Estate sector deal signed in China in 2016 YTD, after China Overseas Holdings’ $1.5 billion facility signed on 19 Feburary 2016.
  • Real Estate is the second largest sector for Asia Pacific (ex Japan) loan volume in 2016 YTD. Volume has reached $13.0 billion via 38 deals so far this year, down slightly from the $14.7 billion borrowed in 2015 YTD and accounts for 13% of Asia Pacific (ex Japan)’s total loan volume.

The largest syndicated loan signed in South Korea in 2016 YTD

  •  Daehan 1st NewStay Real Estate Investment has wrapped up a KRW479.4 billion facility through sole bookrunner and mandated lead arranger Shinhan Bank. Syndication saw NongHyup Financial Group and Samsung Life Insurance join as participants. Proceeds are for property purposes.
  • The deal is the largest syndicated loan signed in South Korea so far this year, followed by Hyundai Steel’s $221 million fundraising signed on 23 Feburary 2016.
  • South Korea syndicated loan volume totals $1.7 billion in 2016 YTD, down 69% year-on-year, also marking the lowest YTD level since 2004 ($994.9 million).

 

¬ Haymarket Media Limited. All rights reserved.

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222