The second largest Oil & Gas sector deal signed in Asia Pacific (ex Japan) in 2016 YTD
- Reliance Industries has secured a $980 million facility through joint bookrunners ANZ, Bank of America, Bank of Nova Scotia Asia, Bank of Tokyo-Mitsubishi UFJ, Barclays Bank, Citibank, Credit Agricole CIB, DBS, Societe Generale Corporate & Investment Banking, Standard Chartered Bank, Sumitomo Mitsui Banking Corp, UOB and Westpac. Syndication saw Export Development Canada, Industrial & Commercial Bank of China and Mizuho Bank join as mandated lead arrangers while Export-Import Bank of the Republic of China came in as participant. Proceeds are to refinance an existing facility signed on Aug 2010.
- This is the second largest Oil & Gas sector deal signed in Asia Pacific (ex Japan) in 2016 YTD, after ONGC Videsh’s $1.8 billion facility signed on 4 March 2016.
- In Asia Pacific (ex Japan), Oil & Gas syndicated loan volume stands at $3.2 billion via 5 deals in 2016 YTD, down 35% from $4.9 billion borrowed in the same period of 2015.
Asia Pacific (ex Japan) Finance sector loan volume at second highest YTD record
- Haitong International Securities has wrapped up a HK$12.8 billion facility through joint bookrunners Bank of China (Hong Kong), Bank of Communications, China Merchants Bank (Hong Kong), HSBC, Industrial & Commercial Bank of China, Shanghai Pudong Development Bank, Standard Chartered Bank (Hong Kong) and Wing Lung Bank. Syndication saw Agricultural Bank of China, Bank of East Asia, Bank of Shanghai, Bank of Taiwan, CTBC Bank, Chang Hwa Commercial Bank, China Development Bank, China Everbright Bank, China Guangfa Bank, Chong Hing Bank, East West Bank, Far Eastern International Bank, First Commercial Bank, Fubon Financial Holding, Hang Seng Bank, Hua Nan Commercial Bank, KGI Bank, Land Bank of Taiwan, Mega International Commercial Bank, OCBC Wing Hang Bank, State Bank of India, Tai Fung Bank, Taiwan Business Bank, Taiwan Cooperative Bank and Taiwan Shin Kong Commercial Bank join as arrangers while E.Sun Commercial Bank, Sunny Bank and Taishin International Bank came in as participants. Proceeds are to refinance a HK$ 3.0 billion facility signed 16 May 2013 and for working capital purposes.
- This is the second largest Finance syndicated loan signed in Asia Pacific (ex Japan) so far this year, after China Cinda Asset Management’s $5.0 billion facility signed on 26 February 2016.
- Finance sector loan volume in Asia Pacific (ex Japan) has reached $10.4 billion so far this year, a 42% increase on the $7.3 billion of 2015 YTD, marking the second highest YTD level on record behind 2011’s record high of $12.1 billion.
The largest Technology syndicated loan signed in Taiwan this YTD
- Chunghwa Picture Tubes has secured a NT$22.8 billion facility through joint bookrunners and mandated lead arrangers Bank of Taiwan, CTBC Bank, Chang Hwa Commercial Bank, Hua Nan Commercial Bank, Land Bank of Taiwan, Shin Kong Life Insurance, Taipei Fubon Commercial Bank, Taishin International Bank and Taiwan Cooperative Bank. Syndication saw Bank SinoPac, Cathay United Bank, First Commercial Bank, Industrial Bank of Taiwan, Jih Sun International Commercial Bank, Mega Bills Financial Corp, Mega International Commercial Bank, Shanghai Commercial & Savings Bank, Sunny Bank, Ta Chong Bank and Taiwan Business Bank join as participants. Proceeds are for the amendment of the NT$22.8bn facility that was signed on May 10 2010.
- This is the largest Technology syndicated loan signed in Taiwan this YTD, followed by Nanyang Technology Corp’s $360.3 million facility signed on 18 Feb 2016.
- In Taiwan, Technology loans stands at $2.0 billion via 11 deals so far this year - the largest sector with 34% of total market share. Telecommunication and Transportation follows with $1.8 billion and $865 million respectively.