Construction is the second largest sector for China loan volume in 2016 YTD
- Chongqing Nanliang Highway Construction has signed a RMB 8.3 billion facility with sole mandated lead arranger Agricultural Bank of China. Syndication saw Bank of China, Export-Import Bank of China, Industrial & Commercial Bank of China and Postal Savings Bank of China join as participants. Proceeds are to partially support the 74.6km highway between Nanchuan District and Liangjiang New District in Chongqing, China.
- Construction is the second largest sector for China loan volume in 2016 YTD. Volume has reached $15.1 billion via 32 deals so far this year, up 57% year-on-year from $9.6 billion borrowed last YTD.
- Asia Pacific (ex Japan) Construction sector loan volume stands at $31.8 billion in 2016 YTD, up 10% year-on-year.
The third largest syndicated loan signed in Singapore in 2016 YTD
- Parkway Pantai has secured a S$1.8 billion facility through joint mandated lead arrangers BNP Paribas, Bank of Tokyo-Mitsubishi UFJ, Credit Agricole CIB, DBS, OCBC and UOB on a club basis. Proceeds are to repay existing debt and for general corporate purposes.
- This is the third largest syndicated loan signed in Singapore so far this year, behind Trafigura’s $5.1 billion facility signed in March 2016 and Vitol Asia and Vitol Finance’s $1.4 billion fundraising in June 2016.
- Singapore syndicated loan volume amounts to $22.2 billion in 2016 YTD, slightly down from the $22.5 billion raised in 2015 YTD and marking the lowest YTD level since 2010 ($11.6 billion).
The third largest Finance sector deal signed in South Korea in 2016 YTD
- KEXIM has secured a $400 million facility through joint bookrunners and mandated lead arrangers BNP Paribas, Credit Agricole CIB, HSBC and Mizuho Bank. Syndication saw Bank of China join as mandated lead arranger. Proceeds are for general corporate purposes.
- This is the third largest Finance deal signed in South Korea in 2016 YTD, behind Life Investment’s $968 million facility signed in March 2016 and KB Kookmin Bank’s $450 million fundraising signed in May 2016.
- South Korea syndicated loan volume stands at $10.6 billion so far this year, down 46% from $19.6 billion borrowed in 2015 YTD and also marking the lowest YTD level since 2009 ($7.4 billion).
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