Loans week October 23-29

Transportation is the leading sector for Asia Pacific (ex Japan) syndicated loan volume with $48.9 billion in 2015, up 58% from the same period last year.

Transportation leads Asia Pacific (ex Japan) loan volume sector ranking

Shantou Port Group has signed a RMB 2.0 billion credit facility through sole bookrunner and mandated lead arranger Industrial & Commercial Bank of China. Syndication saw Agricultural Bank of China, Agricultural Development bank, Bank of Communications, China Everbright Bank and Industrial Bank join as participants. Proceeds are to support the construction of Shantou Port Guang Ao Gang project phase 2.

Transportation sector accounts for 22% of China’s total syndicated loan volume with $19.9 billion, the highest YTD level on record.

Transportation is the leading sector for Asia Pacific (ex Japan) syndicated loan volume with $48.9 billion in 2015 YTD, up 58% from $31.0 billion borrowed in the same 2014 period.

Hong Kong club loan volume at highest YTD level on record

Adventure Success has signed a HK$3.5 billion term loan through joint mandated lead arrangers Hang Seng Bank, HSBC and Industrial & Commercial Bank of China on a club basis. Proceeds are for general corporate purposes.

Hong Kong club deal volume has reached $21.6 billion via 38 deals in 2015 YTD, up 1% on the year-on-year and the highest YTD level on record.

Conversely, Asia Pacific (ex Japan) club loan volume totals $103.2 billion in 2015 YTD, down 43% from $180.9 billion in the same 2014 period.

The second largest facility in Indonesia Finance sector signed in 2015 YTD

Bank Rakyat Indonesia (Persero) has secured a $550 million three-tranche term loan through joint mandated lead arrangers ANZ, BNP Paribas, Bank of America Merrill Lynch, China CITIC Bank, Citi, HSBC, OCBC, Sumitomo Mitsui Banking Corp, UBS, UOB and Westpac on a club basis. Proceeds are for general corporate purposes.

This is the second largest Finance sector loan in Indonesia so far this year, behind Indonesia Eximbank’s $1.0 billion fundraising signed in May 2015.

Indonesia Finance sector syndicated loan volume totals $2.7 billion in 2015 YTD, down from $2.8 billion in the same period of 2014. Total Indonesia volume stands at $10.8 billion so far this year, down 30% year-on-year.

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