The largest textile facility signed in Asia Pacific (ex Japan) in 2015 year-to-date
Next Creations Trading Singapore Ltd has signed a $475 million facility through joint bookrunners and mandated lead arrangers Barclays, Credit Suisse and Deutsche Bank. Syndication saw Macquarie Bank come in as a mandated lead arranger while Ahli United Bank, Bank of Taiwan, Bremer Kreditbank, Hwatai Bank and Intesa Sanpaolo joined as arrangers. Proceeds are for general corporate purposes.
This is the largest textile syndicated loan signed in Asia Pacific (ex Japan) so far this year, followed by E-Land Fashion’s $300 million financing and PT Detta Merlin Dunia Textile’s $195 million debt package.
The textile sector loan volume has reached $1.3 billion via nine deals so far this year, down 44% compared to $2.3 billion via 21 deals during the same period last year
South Korea syndicated loan volume at the lowest year-to-date level since 2011
Shinhan Bank has secured a $300 million term loan through sole bookrunner and mandated lead arranger Mizuho Bank. Syndication saw China Construction Bank, Commerzbank and Standard Chartered Bank join as mandated lead arrangers. Proceeds are for general corporate funding purposes.
South Korea syndicated loan volume totals $13 billion so far this year, down 15% from the $15.3 billion in 2014 year-to-date and the lowest year-to-date level since 2010 ($9.9 billion).
Similarly, Asia Pacific (ex Japan) loan volume stands at $250.6 billion via 642 deals in 2015 year-to-date, down 29% year-on-year and the lowest since 2012 ($216.9 billion).
The largest metal & steel facility signed in Taiwan in 2015 year-to-date
China Steel Corp has signed a $500 million five-year term loan through joint bookrunners and mandated lead arrangers Bank SinoPac, Bank of Taiwan, CTBC Bank, Chang Hwa Commercial Bank, E Sun Commercial Bank, Hua Nan Commercial Bank, Land Bank of Taiwan and Taipei Fubon Commercial Bank.
Syndication saw BNP Paribas, Shanghai Commercial & Savings Bank, Taishin International Bank, Taiwan Business Bank, Taiwan Cooperative Bank, UOB and Yuanta Commercial Bank come in as lenders. Proceeds are for general corporate purposes.
This is the largest metal & steel facility signed in Taiwan so far this year, followed by Ta Chen Stainless Pipe’s $246 million transaction in January.
Taiwan metal & steel loan volume stands at $1 billion via six deals in 2015 year-to-date, up 36% from the $771 million borrowed in the comparable 2014 period.