Loans week December 18-24

Dealogic's weekly roundup of loans activity in Asia.

The largest Technology sector loan signed in Asia Pacific (ex Japan)

  • Tencent Asset Management has signed a $2.5 billion 5-year facility through joint bookrunners and mandated lead arrangers ANZ, Bank of China, China Merchants Bank, Citibank, HSBC and Mizuho Bank. The facility is spilt into a $1.2 billion term loan and a $1.2 billion revolver. Syndication saw BNP Paribas, Bank of America, Bank of East Asia, China Construction Bank, Credit Suisse, Godman Sachs International Bank, Hang Seng Bank, Hua Nan Commercial Bank, Standard Chartered Bank, Sumitomo Mitsui Banking Corp, Taipei Fubon Commercial Bank, Westpac and Wing Lung Bank join as mandated lead arrangers. Proceeds are for general corporate purposes.
  • This is the largest Technology sector syndicated loan signed this year in Asia Pacific (ex Japan) followed by Innolux Corp’s $2.2 billion fundraising signed on 11 Feb 2015.
  • In Asia Pacific (ex Japan), Technology sector loan volume stands at $23.5 billion so far this year, slightly up from $23.0 billion borrowed in the same period of 2014.

India syndicated loan volume down 41% YoY

  • Adani Power has signed an INR 58.8 billion term loan through sole bookrunner and mandated lead arranger State Bank of India. Syndication saw Axis Bank, Allahabad Bank, Bank of India,  Bank of Maharashtra, Canara Bank, Corporation Bank, IDBI Bank, Jammu & Kashmir Bank, Punjab & Sind Bank, Punjab National Bank, State Bank of Bikaner & Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Travancore, UCO Bank, Union Bank of India and United Bank of India join as participants. Proceeds are for capital expenditure purposes.
  • This is the third largest Utility & Energy sector facility in India this YTD, behind Himachal Baspa Power’s $1.2 billion deal signed in 08 October and RattanIndia Nasik Power’s $953 million deal signed in 28 February.
  • India loan volume amounts to $48.9 billion so far this year, down 41% year-on-year.

The second largest syndicated loan signed in Malaysia YTD

  • SapuraKencana TMC has secured a $1.4 billion 6-year term loan through joint mandated lead arrangers ABN AMRO Bank, AmInvestment Bank, CIMB Investment Bank, Citibank, ING Bank, Maybank, Mizuho Bank, RHB Investment Bank, Sumitomo Mitsui Banking Corp and UOB on a club basis. The facility is spilt into a $620 million part and a MYR 3.4 billion portion. Proceeds are for debt repayment purposes.
  • This is the second largest syndicated loan signed in Malaysia so far this year, behind the some borrower’s $2.2 billion fundraising on 15 Jan 2015.
  • Southeast Asia syndicated loan volume totals $68.3 billion in 2015 YTD, down 42% from 2014 YTD’s $118.4 billion. 



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