Finance is the second-largest sector in Hong Kong syndicated loan market in 2018 YTD
- Haitong International Holdings has signed a $600 million facility through joint mandated lead arrangers Bank of China, Bank of Communications, China Construction Bank, Industrial & Commercial Bank of China, and Standard Chartered Bank on a club basis. Proceeds are to repay existing debt and for general corporate purposes.
- Finance is the second-largest sector in Hong Kong syndicated loan market so far this year. Its volume stands at $4.2 billion in 2018 YTD, increasing 24% from $3.4 billion borrowed in 2017 YTD.
- In 2018 YTD, Hong Kong syndicated loan volume stands at $15.3 billion, down 23% from $19.5 billion borrowed in 2017 YTD.
Indonesia syndicated loan volume down 58% Y-o-Y
- Mandiri Tunas Finance has signed a $167 million facility through sole bookrunner and mandated lead arranger MUFG Bank. Syndication saw Bank of Taiwan, Bank Negara Indonesia, Gunma Bank, Hachijuni Bank, Hua Nan Commercial Bank, Joyo Bank, Land Bank of Taiwan, Mega International Commercial Bank, and Nishi-Nippon City Bank join as arrangers; while Fuyo General Lease and Hokkoku Bank join as participants. Proceeds are for general corporate purposes.
- Asia Pacific (ex Japan) Finance sector loan volume stands at $12.5 billion, down 7% from the $13.5 billion borrowed in 2017 YTD.
- Indonesia loan volume stands at $3.8 billion via 20 deals so far this year, down 58% from $9.0 billion borrowed in 2017 YTD.
Asia Pacific (ex Japan) property loan down 23% Y-o-Y
- Yulon Motor has signed an NT$10.0 billion facility through joint bookrunners and mandated lead arrangers Bank of Taiwan and Hua Nan Commercial Bank. Syndication saw CTBC Bank, Chang Hwa Commercial Bank, DBS, First Commercial Bank, KGI Bank, Mega International Commercial Bank, and Wing Lung Bank came in as participants. Proceeds are to support the development of a real estate project in Yulon City, Xindian District, New Taipei City, Taiwan.
- This is the second-largest Auto/ Truck sector deal signed in Asia Pacific (ex Japan) so far this year, after TML Holdings’ $906 million facility signed in January 2018.
- In Asia Pacific (ex Japan), property loan volume stands at $7.4 billion via 32 deals so far this year, down 24% from $9.7 billion borrowed in 2017 YTD.
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