Loans week December 11-17

Dealogic's weekly roundup of loans activity in Asia.

Hong Kong syndicated loan volume at highest YTD level on record

  • Airport Authority of Hong Kong has signed a HK$5 billion 5-year syndicated loan through joint bookrunners and mandated lead arrangers ANZ, Bank of China, Bank of Tokyo-Mitsubishi UFJ,  Canadian Imperial Bank of Commerce, China Development Bank, Citibank, CBA, HSBC, Hang Seng Bank,  Industrial & Commercial Bank of China (Asia), Mizuho Bank, Scotiabank, Standard Chartered Bank and Sumitomo Mitsui Banking Corp. Syndication saw Bank of Communications, Nanyang Commercial Bank, OCBC and Sumitomo Mitsui Trust Bank and Westpac join as mandated lead arrangers while Bank of East Asia and China Construction Bank came in as arrangers. Proceeds are for general corporate purposes.
  • This is the second largest Transportation sector syndicated loan in Hong Kong 2015 YTD, behind HKAC Funding (Ireland)’s $725 million facility signed on 20 Aug 2015.
  • Hong Kong syndicated loan volume stands at $50.8 billion via 104 deals so far this year, up 8% year-on-year and the highest YTD level on record.

Asia (ex Japan) Telecom sector loan volume down 32% year-on-year

  • CITIC Telecom International Holdings has inked a HK$3.4 billion 5-year club loan through mandated lead arrangers Bank of China, Bank of East Asia, China Construction Bank Corp, DBS, Mitsubishi UFJ Financial Group, Mizuho, Sumitomo Mitsui Financial Group and UOB. Proceeds are for debt repayment and general corporate purposes.
  • The deal is the eight largest Telecoms sector loan in Asia (ex Japan) and brings Telecoms  loan volume in the region to $11.2 billion in 2015 YTD, down 32% year-on-year

Singapore syndicated loan volume down 47% year-on-year

  • SportsHub has signed a S$1.5 billion two-tranche term loan through joint mandated lead arrangers BNP Paribas, Bank of Tokyo-Mitsubishi UFJ, Commonwealth Bank of Australia, Credit Agricole CIB, DBS, ING Bank, OCBC and Sumitomo Mitsui Banking Corp on a club basis. Proceeds are to refinance an S$1.4bn facility signed on Aug 2010 and support the S$1.8bn ($1.3bn) PPP project which entails the redevelopment of the current national stadium and the surrounding area into a multi-purpose sports hub under a 30-year DBFO concession in Kalland, Singapore.
  • Singapore syndicated volume stands at $30.8 billion via 70 deals in 2015 YTD, down 47% from $58.1 billion borrowed in the same period of 2014.
  • Asia Pacific (ex Japan) syndicated loan amounts to $431.6 billion in 2015 YTD, down 21% year-on-year.
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