Loans week September 23-29

Dealogic's weekly roundup of loans activity in Asia.

China syndicated loan volume at highest YTD level on record

  • CNOOC & Shell Petrochemicals has secured a $3.8 billion facility through joint mandated lead arrangers Agricultural Bank of China, Bank of China, CNOOC Finance Corp, China Construction Bank, China Development Corp and Industrial & Commercial Bank of China. Syndication saw Bank of Communications and China Merchants Bank came in as participants. Proceeds are to support the construction and operation of chemical project phase 2 and new SMPO/POD project.
  • China onshore syndicated loan volume stands at $86.9 billion via 205 deals so far this year, up from $81.5 billion borrowed in 2015 YTD.
  • China syndicated loan volume totals $128.8 billion via 260 deals in 2016 YTD, up 21% year-on-year and marking the highest YTD level on record.

Real Estate is the second largest sector for Asia Pacific (ex Japan) loan market in 2016 YTD

  • Yuzhou Properties has signed a $400 million deal through joint mandated lead arrangers Bank of China (Hong Kong), Bank of East Asia, China Construction Bank (Asia), HSBC, Hang Seng Bank, Industrial Bank, Luso Internatonal Banking, Nanyang Commercial Bank and Wing Lung Bank on a club basis. Proceeds are to repay existing debt and for general corporate purposes.
  • Real Estate is the second largest sector for Asia Pacific (ex Japan) loan volume in 2016 YTD totaling $41.1 billion, accounting for 13% of the total market share.
  • In Hong Kong, real estate sector stands at $11.1 billion via 19 deals so far this year, down 36% from 2015 YTD’s $17.3 billion.

Sri Lanka’s first Asia syndicated deal signed in 2016

  •  Democratic Socialist Republic of Sri Lanka has closed a $700 million term loan through joint bookrunners and mandated lead arrangers Citi, Credit Suisse, Emirates NBD, Gulf Bank, HSBC, Industrial & Commercial Bank of China, Indian Bank, Mashreqbank PSC, State Bank of India and Syndicate Bank. Syndication saw Al Ahli Bank of Kuwait KSCP and Bank of Baroda join as mandated lead arrangers while AfrAsia Bank, Bank Sohar SAOG, CTBC Bank, Habib Bank, Sumitomo Mitsui Banking Corp and Union National Bank PJSC came in as arrangers. Proceeds are for general funding purposes.
  • Asia Pacific (ex Japan) syndicated loan volume stands at $327.2 billion so far this year, down 14% from $381.7 billion borrowed in the same period of 2015. 
Click for full view

 

¬ Haymarket Media Limited. All rights reserved.
Share our publication on social media
Share our publication on social media