The third largest deal signed in Southeast Asia in 2016 YTD
- PT Bhimasena Power Indonesia has signed a $1.4 billion facility through joint mandated lead arrangers Bank of Tokyo-Mitsubishi UFJ, DBS, Mitsubishi UFJ Trust & Banking Corp, Mizuho Bank, OCBC, Shinsei Bank, Sumitomo Mitsui Banking Corp and Sumitomo Mitsui Trust Bank. Syndication saw Norinchukin Bank join as arranger. Proceeds are for project financing. Project entitles the development of the ultra-supercritical coal-fired power generation plant with generation capacity of 2,000MW (1,000MW x 2) in Batang Regency in Central Java Province, Indonesia.
- This is the third largest deal signed in Southeast Asia in 2016 YTD, behind BJC Retail Holding and Berli Jucker’s $6.1 billion facility and Trafigura’s $5.1 billion fundraising.
- Southeast Asia syndicated loan volume stands at $30.4 billion so far this year, slightly down from $30.5 billion borrowed last YTD, marking the lowest YTD level since 2012 ($26.7 billion).
The largest Professional Service sector deal signed in Asia Pacific (ex Japan) in 2016 YTD
- HCP Global and HCP Packaging Hong Kong have signed a $430 million facility through joint bookrunners and mandated lead arrangers CTBC Bank, Cathay United Bank, Taipei Fubon Commercial Bank and Taishin International Bank. Syndication saw Bank SinoPac, Chang Hwa Commercial Bank, DBS, E Sun Commercial Bank, Far Eastern International Bank, Hua Nan Commercial Bank, KGI Bank, Mega International Commercial Bank, Mizuho Bank, Shanghai Commercial & Savings Bank, Siemens Financial Services, Ta Chong Bank, Taichung Commercial Bank and Tokyo Star Bank join as participants. Proceeds are to support the $775 million Baring Private Equity Asia Ltd-led leverage buyout of HCP Holdings and for general corporate purposes.
- This is the largest Professional Service sector syndicated loan signed in Asia Pacific (ex Japan) so far this year, followed by STW Communications Group’s $410 million facility and Global Academic Group’s $206 million borrowing.
- Asia Pacific (ex Japan) Professional Services loan volume stands at $1.9 billion in 2016 YTD, down 48% year-on-year.
The largest Mining sector deal signed in Asia Pacific (ex Japan) in 2016 YTD
- Bhira Investments has signed a $460 million term loan through joint bookrunners and mandated lead arrangers ANZ, AXIS Bank, Bank of America Merrill Lynch, DBS, Export Development Canada, Industrial & Commercial Bank of China, National Bank of Abu Dhabi and Sumitomo Mitsui Banking Corp. Syndication saw Bank of Bahrain & Kuwait OBU, Bank of Taiwan, Chang Hwa Commercial Bank, E Sun Commercial Bank, Far Eastern International Bank, First Commercial Bank, Hua Nan Commercial Bank, Mega International Commercial Bank, Shinsei Bank, Ta Chong Bank and Taiwan Cooperative Bank come in as arrangers. Proceeds are to refinance an existing facility signed on Sep 2014.
- This is the largest Mining sector deal signed in Asia Pacific (ex Japan) in 2016 YTD, followed by ACE Capital Finance’s $282 million facility and PT Bumi Suksesindo’s $130 million fundraising.
- India syndicated loan volume stands at $23.3 billion so far this year, decrease 42% year-on-year from $40.4 billion borrowed last YTD, also marking the lowest YTD level since 2009 ($19.1 billion).
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