Australian Real Estate loan volume at lowest YTD level since 2012
Lend Lease IMT (OIST) has secured a A$630 million two-tranche club loan through joint mandated lead arrangers ANZ, Commonwealth Bank of Australia, Sumitomo Mitsui Financial Group and Westpac. Proceeds are to support future acquisition.
Australian Real Estate loan volume has decreased 64% year-on-year to $9.9 billion in 2015, the lowest YTD level since 2012 ($5.3 billion).
Australian syndicated loan volume totals $71.8 billion via 142 deals in 2015 YTD, down 34% from $109.8 billion in the same 2014 period.
Indonesia syndicated loan volume down 37% year-on-year
PT Charoen Pokphand Indonesia Tbk has secured a $320 million five-year revolver through joint bookrunners ANZ, Bank Central Asia, CIMB Group, Citi, DBS, PT Bank Mandiri (Persero) Tbk and Sumitomo Mitsui Financial Group. Syndication saw Maybank and Mizuho join as mandated lead arrangers and Aozora Bank, Bank of China, CTBC Bank, Emirates NBD PJSC, Land Bank of Taiwan, Mega International Commercial Bank and National Bank of Kuwait join as participants. Proceeds are for general corporate purposes.
Total Indonesia syndicated loan volume stands at $11.1 billion in 2015 YTD, down 37% from $17.9 billion borrowed in the same period of 2014.
Utility & Energy leads Indian syndicated loan market
Indian Oil Adani Gas has secured a $737 million five-year guarantee facility through joint bookrunners and mandated lead arrangers AXIS Bank, Bank of Baroda, Canara Bank, State Bank of India and Syndicate Bank. Proceeds are to finance the development of City Gas Distribution networks in Ernakulum, Daman and Panipat, India.
Utility & Energy leads the India syndicated loan market with $9.8 billion in 2015 YTD, accounting for 25% of India’s total loan volume.
India loan volume totals $40.1 billion in 2015 YTD, down 44% on the $71.4 billion from the same 2014 period.