Real estate syndicated loan down 36% Y-o-Y in 2016 YTD
- Agile Property Holdings has signed a HK$6.7 billion term loan through joint mandated lead arrangers BNP Paribas Hong Kong, Bank of East Asia, China CITIC Bank International, China Guangfa Bank, HSBC, Hang Seng Bank, Industrial Bank and Standard Chartered Bank on a club basis. Proceeds are to repay existing debt and for working capital purposes.
- Real Estate is the second largest sector for Asia Pacific ex Japan loan volume in 2016 YTD with 13% of market share. Volume drops to $17.9 billion from $27.8 billion borrowed in the...