Loans week September 9-15

Dealogic's weekly roundup of loans activity in Asia.

Asia Pacific (ex Japan) Real Estate loan volume down 31% Y-o-Y

  • Rich Day Investments has signed a HK$5.5 billion facility through joint mandated lead arrangers ANZ, Bank of East Asia, China Construction Bank, Credit Agricole CIB, Hang Seng Bank, Industrial & Commercial Bank of China, OCBC, Sumitomo Mitsui Banking Corp and UOB on a club basis. Proceeds are to refinance an existing facility signed in July 2013 and for future acquisition purposes.
  • Real Estate is the third largest sector for Asia Pacific (ex Japan) loan volume in 2016 YTD with $34.3 billion borrowed in 2016 YTD, down 31% from $49.8 billion in the same period of 2015.
  • Transportation sector tops Asia Pacific (ex Japan) loan volume with a 13% market share totaling $34.7 billion, down 42% from $60.0 billion in 2015 YTD.

The third largest deal signed in Indonesia in 2016 YTD

  • Perusahaan Listrik Negara has secured an IDR 12.00 trillion facility through joint mandated lead arrangers Bank Mandiri, Bank Negara Indonesia and Bank Rakyat Indonesia on a club basis. Proceeds are to fund the construction of an electricity transmission network connected to the new plants and for investment purposes.
  • This is the third largest deal signed in Indonesia so far this year, behind Japan International Finance Management (Tangguh), HSBC Bank USA and BP Berau’s $2.1 billion transaction signed in July 2016, and Bhimasena Power Indonesia’s $1.4 billion fundraising signed in June 2016.
  • Indonesia syndicated loan volume stands at $10.7 billion in 2016 YTD, up 14% year-on-year from $9.4 billion borrowed last YTD.

The third largest Finance sector deal signed in Taiwan in 2016 YTD

  • Chailease International Financial Services has signed a $195 million facility through jointed bookrunners and mandated lead arrangers Bank of Taiwan, Mega International Commercial Bank and Taishin International Bank. Syndication saw DBS, Hua Nan Commercial Bank, Land Bank of Taiwan, Metropolitan Bank & Trust, Mizuho Bank, Taiwan Business Bank and Taiwan Cooperative Bank join in as mandated lead arrangers while Bank of Kaohsiung, Bank of Panhsin, Export-Import Bank of the Republic of China, Jih Sun International Commercial Bank, KGI Bank, Shanghai Commercial & Savings Bank, Sumitomo Mitsui Banking Corp, Ta Chong Bank, Taichung Commercial Bank and Yuanta Commercial Bank came in as participants. Proceeds are to refinance Chailease Finance (BVI)'s $120m facility signed in May 2013 and for general corporate purposes.
  • This is the third largest Finance sector deal signed in Taiwan in 2016 YTD, behind Kai Yue’s $368 million facility signed in June 2016 and Grand Capital International’s $240 million signed in March 2016.
  • Finance is the second largest sector for Asia Pacific (ex Japan) loan volume with $34.6 billion signed in 2016 YTD, accounting for 13% of total Asia Pacific (ex Japan) loan.
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