Loans week January 22-28

Dealogic's weekly roundup of loans activity in Asia.

China syndicated loan volume up 31% YoY in 2015

  • Shanghai Xintai Tianan Property has secured a RMB 3.0 billion credit facility through sole bookrunner and mandated lead arranger China CITIC Bank. Syndication saw Agricultural Bank of China and Shanghai Pudong Development Bank came in as participants. Proceeds were for capital expenditure purposes.
  • Real Estate was the second largest sector for Asia Pacific (ex Japan) loan market in 2015. Volume reached $62.3 billion via 184 deals in 2015, a 29% drop on the $87.4 billion via 207 deals borrowed in 2014.
  • China syndicated loan volume reached a record $127.8 billion in 2015, up 31% from the $97.4 billion borrowed in 2014.

2015 Hong Kong Finance sector syndicated loan volume highest since 2011

  • FRT Finance (HK) has signed a HKD 3.2 billion term loan through joint mandated arrangers Bank of China, China Construction Bank, Credit Agricole, DBS, OCBC and Sumitomo Mitsui Banking on a club basis. Proceeds were to repay existing debt and for general corporate purposes.
  • Finance sector loan volume reached $9.8 billion via 24 deals in 2015, up 80% from the $5.4 billion raised via 19 deals in 2014 and stood at the highest volume since 2011
  • Asia Pacific (ex Japan), Finance sector loan volume stood at $49.8 billion in 2015, down 9% from the $54.8 billion lent in 2014.

Southeast Asia syndicated loan volume down 36% YoY in 2015

  • Setia Federal Hill has wrapped up a MYR 1.1 billion 7-year facility through sole bookrunner and mandated lead arranger CIMB Investment Bank. Syndication saw AmInvestment Bank, Industrial & Commercial Bank of China and Maybank join as arrangers while AmBank (M) and CIMB Bank came in as participants. Proceeds were for property financing purposes.
  • Malaysia syndicated loan volume reached $12.9 billion via 32 deals in 2015, down 32% from the 2014 record ($19.0 billion via 28 deals). Similarly, Southeast Asia syndicated loan volume dropped 36% year-on-year to $75.3 billion in 2015.

 

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