Loans week May 13-19

Dealogic's weekly roundup of loans activity in Asia.

 

The second largest Technology sector loan completed in Taiwan in 2016 YTD

  • ChipMOS Technologies has secured a NT$13.2 billion facility through joint bookrunners and mandated lead arrangers Bank of Taiwan, Land Bank of Taiwan and Taiwan Cooperative Bank. Syndication saw Chang Hwa Commercial Bank, Hua Nan Commercial Bank, Taishin International Bank and Yuanta Commercial Bank join as mandated lead arrangers while Bank of Panhsin, Taiwan Shin Kong Commercial Bank and Tachong Bank came in as participants. Proceeds are to refinance the TW$10 billion facility signed in July 2014 and for working capital purposes.
  • This is the second largest Technology sector deal signed in Taiwan this YTD, behind Chunghwa Pictures Tubes’s $675.9 million fundraising.
  • Taiwan syndicated loan volume has reached $11.3 billion in 2016 YTD, up 30% year-on-year, and the highest YTD level since 2011 ($14.5 billion).

The third largest deal signed in Hong Kong in 2016 YTD

  • Champion Real Estate Investment Trust has signed a HKD 11.3 billion facility through joint mandated lead arrangers Bank SinoPac, Bank of China, Bank of East Asia, Citigroup, DBS, Hang Seng Bank, HSBC, Industrial & Commercial Bank of China, OCBC, Sumitomo Mitsui Banking Corp and UOB on a club basis. Proceeds are to repay existing debt and for general corporate purposes.
  • This is the third largest deal signed in Hong Kong in 2016 YTD, behind Sun Hung Kai Properties (Financial Services)’s $1.9 billion facility and Haitong International Securities’s $1.6 billion borrowing.
  • Hong Kong syndicated loan volume stands at $15.5 billion so far this year, down 40% from $25.7 billion borrowed last YTD, and the lowest level for the period since 2013 ($13.5 billion).

The largest Construction & Building sector deal signed in Asia Pacific (ex Japan) in 2016 YTD

  • Jinan-Qingdao High Speed Railway has signed a RMB 30 billion facility through sole mandated lead arranger Agricultural Bank of China. Syndication saw China CITIC Bank join as participant. Proceeds are to support the Jinan-Qingdao high speed railway project.
  • This is the largest Construction & Building syndicated loan signed in Asia Pacific (ex Japan) in 2016 YTD, followed by Wenzhou Communication Investment Group’s $1.5 billion facility signed in May 2016.
  • Construction & Building sector loan volume in Asia Pacific (ex Japan) has reached $12.1 billion so far this year, down 14% from $14.1 billion borrowed in the same period of 2015.
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