Loans week January 8-14

Dealogic's weekly roundup of loans activity in Asia.

China loan volume at the highest level on record

  • Guodian Zheneng Ningdong Power Generation has signed a RMB 6.1 billion 15-year term loan through sole bookrunner and mandated lead arranger Bank of China. Syndication saw China Everbright Bank, Export-Import Bank of China and Postal Savings Bank of China as participants. Proceeds are for capital expenditure purposes.
  • China Utility & Energy sector’s loan volume has reached $22.9 billion via 18 deals in 2015, almost triple the $7.8 billion borrowed from 2014 and the highest level on record.
  • China syndicated loan volume stood at a record high of $123.1 billion in 2015, up 26% from the $97.4 billion borrowed in 2014.

Transportation sector leads South Korea syndicated loan market

  • Metropolitan Western Express has secured a KRW 970 billion facility through sole mandated lead arranger Korea Development Bank. Syndication saw Industrial Bank of Korea, Samsung Life Insurance and Shinhan Bank join as arrangers while Hanwha Life Insurance, Hanwha Non-Life Insurance, Heungkuk Fire & Marine Insurance, Heungkuk Life Insurance,  Hyundai Marine & Fire Insurance, IBK Insurance,  KB Insurance, KDB Life Insurance,  Kyobo Life Insurance, MG Non-Life Insurance, National Credit Union Federation of Korea, Nonghyup Life Insurance, Samsung Fire & Marine Insurance, Tong Yang Life Insurance and Woori Bank came in as participants. Proceeds are to refinance the Suwon-Gwangmyeong Expressway PPP project in Suwon to Gwangmyeong, Gyeonggi-do, South Korea.
  • Transportation sector led the South Korea syndicated loan market with $6.3 billion in 2015, accounting for 21% of South Korea’s total loan volume.
  • Transportation sector also led Asia Pacific (ex Japan) loans volume in 2015 at $73.7 billion via 138 deals, a 37% increase over the $54.0 billion via 137 deals borrowed in 2014.

Technology sector leads Taiwan syndicated loan market

  • Kinpo Electronics and Kinpo International have secured a $272 million facility through joint bookrunners and mandated lead arrangers Bank SinoPac, Mega International Commercial Bank, Taipei Fubon Commercial Bank and Taiwan Cooperative Bank. Syndication saw Bank of Taiwan join as mandated lead arranger while Chang Hwa Commercial Bank, E.Sun Commercial Bank, KGI Bank, Shanghai Commercial & Savings Bank, Tachong Bank, Taishin International Bank and Yuanta Commercial Bank came in as participants. Proceeds are to refinance existing facility signed on 18 Oct 2011 and for working capital purposes.
  • Technology sector led Taiwan syndicated loan market with $12.2 billion in 2015, accounting for 30% of Taiwan’s total loan volume.
  • In Asia Pacific (ex Japan), Technology sector stood at $23.8 billion in 2015, up 3.5% from the $23.0 billion borrowed in 2014. 

 

 

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