Loans week November 4-17

Dealogic's weekly roundup of loans activity in Asia.

Asia Pacific (ex Japan) Transportation sector loan volume down 25% YoY

  • Shanghai Waigaoqiao Shipbuilding has signed a RMB 2.0 billion facility through sole mandated lead arranger Zhong Chuan Finance. Syndication saw Industrial Bank and Shanghai Pudong Development Bank join as participants. Proceeds are for capital expenditure purposes.
  • China Transportation sector loan volume stands at $25.8 billion in 2016 YTD, down 21% from the $32.5 billion borrowed in 2015 YTD.
  • In Asia Pacific (ex Japan), Transportation sector loan volume stands at $51.5 billion in 2016 YTD, down 25% from $68.7 billion borrowed in the same period of 2015.

Finance is the second largest sector for Hong Kong loan volume in 2016 YTD

  • GF Holdings (Hong Kong) has signed a HK$8.0 billion facility through joint bookrunners and mandated lead arrangers Bank of China, China CITIC Bank International, HSBC, Industrial & Commercial Bank of China, Shanghai Pudong Development Bank, Standard Chartered Bank and Wing Lung Bank. Syndication saw Agricultural Bank of China, Bank of Communications, Bank of East Asia, China Development Bank, China Everbright Bank, China Guangfa Bank, China Merchants Bank, China Minsheng Banking Corp, Chong Hing Bank, Fubon Bank, Hang Seng Bank and Nanyang Commercial Bank join as mandated lead arrangers; while Bank of Taiwan, CTBC Bank, Chang Hwa Commercial Bank, Dah Sing Bank, E.Sun Commercial Bank, East West Bank, Far Eastern International Bank, Hua Nan Commercial Bank, KGI Bank, Land Bank of Taiwan, Tai Fung Bank, Taiwan Cooperative Bank and Taiwan Shin Kong Commercial Bank joined as arrangers. Proceeds are to support the fundraising for developing corporate bonds or note services and investments and for general working capital purposes.
  • Finance is the second largest sector for Hong Kong loan volume in 2016 YTD. Volume stands at $8.3 billion so far this year, down 13% from $9.5 billion in 2015 YTD.
  • Hong Kong syndicated loan volume stands at $37.9 billion via 79 deals so far this year, down 25% from the $50.3 billion borrowed in 2015 YTD.

The second largest syndicated loan signed in Indonesia in 2016 YTD

  • Pertamina has signed a $1.5 billion facility through joint bookrunners and mandated lead arrangers BNP Paribas, Bank Negara Indonesia, Bank of Tokyo-Mitsubishi UFJ, Citi, DBS, Mizuho Bank and Sumitomo Mitsui Banking Corp; while Bank ICBC Indonesia, Bank of China, Cathay United Bank, Export Development Canada, Maybank, National Bank of Abu Dhabi, OCBC and Taipei Fubon Commercial Bank joined as mandated lead arrangers. Syndication saw Bank of Taiwan, DZ Bank, E.Sun Commercial Bank, Gunma Bank, Hua Nan Commercial Bank, KGI Bank and Shanghai Commercial & Savings Bank join as arrangers while Export-Import Bank of the Republic of China, Far Eastern International Bank, First Commercial Bank, Fuyo General Lease, Hachijuni Bank, Jih Sun International Commercial Bank, Korea Development Bank, Taiwan Shin Kong Commercial Bank, Taishin International Bank and Taiwan Business Bank came in as participants. Proceeds are to refinance a $965 million facility signed in January 2013, repay existing debt and for general corporate purposes.
  • This is the second largest syndicated loan signed in Indonesia so far this year, behind Japan International Finance Management (Tangguh), HSBC Bank USA and BP Berau’s $2.1 billion facility signed in July 2016.
  •  Southeast Asia syndicated loan volume stands at $70.3 billion so far this year, increase 13% from $62.3 billion borrowed last YTD.
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