The first Metal & Steel sector deal signed in Australia in 2016 YTD
· MMG has signed a $550 million term loan through joint mandated lead arrangers Bank of China and China Development Bank on a club basis. Proceeds are to support the financing of the development and construction of the Dugald River Project.
· This is the only Metal & Steel syndicated loan signed in Australia so far this year.
· In Asia Pacific (ex Japan), Metal & Steel sector syndicated loan volume stands at $9.0 billion via 28 deals in 2016 YTD, up 35% from $6.7 billion via 29 deals in 2015 YTD.
The third largest Oil & Gas sector deal signed in Southeast Asia in 2016 YTD
· UT Singapore Services has signed a S$1.8 billion facility through joint bookrunners and mandated lead arrangers Bank of China, DBS, HSBC and Standard Chartered Bank. Syndication saw China National Petroleum and UOB join as mandated lead arrangers, while China Construction Bank, Commonwealth Bank of Australia, First Gulf Bank PJSC, Hong Leong Finance, Industrial & Commercial Bank of China, Korea Development Bank and Sumitomo Mitsui Banking Corp came in as arrangers. Proceeds are for future acquisition purposes.
· This is the third largest Oil & Gas sector deal signed in Southeast Asia in 2016 YTD, behind Trafigura’s $5.1 billion facility and Vitol Asia’s $1.4 billion fundraising.
· Southeast Asia syndicated loan volume stands at $35.6 billion so far this year, slightly down from $42.9 billion borrowed last YTD and marking the lowest YTD level since 2010 ($23.5 billion).
Real Estate sector syndicated loan down 26% YoY in Asia Pacific (ex Japan)
· Ever Merits Investment has secured a HK$5.8 billion term loan through joint mandated lead arrangers Bank of China, Bank of East Asia, China Construction Bank, Standard Chartered Bank and Sumitomo Mitsui Banking Corp on a club basis. Proceeds are to finance the LOHAS 9 project.
· Real Estate sector loan volume stands at $27.6 billion so far this year in Asia Pacific (ex Japan), down 26% from $37.5 billion borrowed in the same period of 2015.
· In Asia Pacific (ex Japan), syndicated loans total $211.1 billion in 2016 YTD, marking the lowest YTD level since 2012 ($187.2 billion).