Loans week October 28-November 3

Dealogic's weekly roundup of loans activity in Asia.

The third largest Forestry & Paper sector deal signed in Asia Pacific (ex Japan) in 2016 YTD

  • Hubei Long Chen Recycling Technology has signed a RMB 2.0 billion facility through joint bookrunners and mandated lead arrangers Bank of Taiwan, First Commercial Bank and Land Bank of Taiwan, while Hua Nan Commercial Bank and Taiwan Cooperative Bank joined in as mandated lead arrangers. Syndication saw E.Sun Commercial Bank and Taiwan Business Bank come in as participant. Proceeds are for capital expenditure and working capital purposes.
  • This is the third largest Forestry & Paper Sector loan signed in Asia Pacific (ex Japan) so far this year, behind Heliosity Consulting (Singapore)’s $800 million facility and Orora’s $577 million fundraising.
  • Forestry & Paper sector syndicated loan volume in Asia Pacific (ex Japan) totals $4.2 billion in 2016 YTD, up 50% from $2.8 billion borrowed in 2015 YTD.

Finance is the third largest sector for Singapore loan volume in 2016 YTD

  • BOC Aviation has wrapped up a $1.5 billion facility through joint bookrunners and mandated lead arrangers BNP Paribas, Bank of Tokyo-Mitsubishi UFJ, Citi, DBS, HSBC, OCBC, UOB and Westpac; while Agricultural Bank of China, Bank of Communication, China Construction Bank, China Development Bank, Chong Hing Bank, Industrial & Commercial Bank of China, Maybank and National Bank of Abu Dhabi join in as mandated lead arrangers. Syndication saw BDO Unibank, Bank Sinopac, Dah Sing Bank, E.Sun Commercial Bank, JP Morgan Chase Bank, Korea Development Bank, Land Bank of Taiwan, Mega International Commercial Bank, Nanyang Commercial Bank, Shanghai Commercial & Savings Bank, Sunny Bank, Tai Fung Bank and Taishin International Bank come in as arrangers. Proceeds are for working capital purposes.
  • In Singapore, Finance is the third largest sector in the syndicated loan market with $3.4 billion signed in 2016 YTD, accounting for 11% of Singapore’s total loan volume.
  •  In Asia Pacific (ex Japan), Finance sector syndicated loan volume stands at $39.2 billion via 121 deals in 2016 YTD, down 12% year-on-year.

Taiwan syndicated loan volume down 26% Y-o-Y

  • Ruen Chen Investment Holding has signed a NT$19.0 billion facility through joint bookrunners and mandated lead arrangers Bank of Taiwan, Land Bank of Taiwan, Mega International Commercial Bank and Taiwan Cooperative Bank. Syndication saw E Sun Commercial Bank and First Commercial Bank join as mandated lead arrangers. Proceeds are to refinance the NT$19.0 billion facility signed in November 2013 and for working capital purposes.
  • Taiwan syndicated loan volume stands at $25.4 billion via 141 deals in 2016 YTD, down 26% from $34.1 billion borrowed in 2015 YTD.
  • Asia Pacific (ex Japan) syndicated loans volume totals $368.6 billion in 2016 YTD, compared with $430.3 billion in 2015 YTD and marking the lowest YTD level since 2012 ($327.5 billion).
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