Loans week January 29-February 4

Dealogic's weekly roundup of loans activity in Asia.

2015 Taiwan syndicated loan volume at highest since 2010

  • Grand River Development has wrapped up a NT$10.1 billion term loan through sole bookrunner and mandated lead arranger CTBC Bank. Syndication saw Bank SinoPac, Cathay United Bank, KGI Bank, Mega International Commercial Bank, Ta Chong Bank, Taishin International Bank and Taiwan Shin Kong Commercial Bank came in as mandated lead arrangers. China Construction Bank and Taiwan Life Insurance joined in as participants. Proceeds were for acquisition of properties.
  • Taiwan Real Estate/Property sector’s loan volume totaled $539 million in 2015, down 60% from the $1.3 billion borrowed in 2014.
  • Taiwan syndicated loans volume reached $41.0 billion via 180 deals in 2015, marking the highest full year level since 2010 ($52.3 billion).

Asia Pacific (ex Japan) Textile sector volume down 43% YoY in 2015

  • Victory City has signed a $373 million term loan through jointed bookrunners and mandated lead arrangers CTBC Bank, China CITIC Bank International, Cooperatieve Centrale Raiffeisen-Boerenleenbank, First Commercial Bank, Fubon Financial Holding, Hang Seng Bank and HSBC. Syndication saw Bangkok Bank, Bank of Shanghai, Bank of Taiwan, Chang Hwa Commercial Bank, E.Sun Commercial Bank, Industrial & Commercial Bank of China, Industrial Bank, Nanyang Commercial Bank and Taiwan Cooperative Bank join in as arrangers. Cathay Bank, Guangzhou Yuexiu Holdings, Chong Hing Bank, Hua Nan Commercial Bank, Industrial Bank of Taiwan and Taiwan Business Bank came in as participants. Proceeds were for debt repayment purposes.
  • The deal was the second largest Textile sector syndicated loan signed in 2015 in Asia Pacific (ex Japan), followed by Next Creations Trading Singapore’s $475 million fundraising signed on 30 June 2015.
  • In Asia Pacific (ex Japan), Textile sector’s loan volume stood at $2.6 billion in 2015, down 43% from the $4.6 billion borrowed in 2014.

Hong Kong club deal volume at record high in 2015

  • CCCG Holding has secured a HK$7.9 billion term loan through joint mandated lead arrangers Bank of China, China Construction Bank, China Development Bank, HSBC and Sumitomo Mitsui Banking on a club basis. Proceeds were to repay existing debt and for general corporate purposes.
  • Hong Kong club loan volume reached a record high of $29.6 billion in 2015, up 12% from the $26.4 billion borrowed in 2014.
  • In Asia Pacific (ex Japan), club deal volume stood at $173.6 billion in 2015, down 25% from 2014’s record high of $231.0 billion.

 

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