No let-up on loans in China, Indonesia

Chongqing Tiefa Jianxin Highway, Changsha Metro Group and Perusahaan Listrik Negara feature in Dealogic's roundup of loans activity in Asia for December 23 to 30.
January 02, 2017

Asia Pacific (ex Japan) Construction sector loan volume up 22% Y-o-Y

  • Chongqing Tiefa Jianxin Highway has signed a RMB 8.8 billion facility through joint mandated lead arrangers Agricultural Bank of China, Bank of China, China Construction Bank, Industrial & Commercial Bank of China, and Postal Savings Bank of China on a club basis. Proceeds are to support the construction of Nanchong - Dazu - Luzhou highway that connects the Chongqing municipality city and the other cities in the Sichuan Province, China.
  • Construction sector loan volume stands at $51.3 billion so far this year in Asia Pacific (ex Japan), up 22% from $42.1 billion borrowed in the same period of 2015.
  • In Asia Pacific (ex Japan), syndicated loan volume stands at $483.9 billion in 2016 YTD, down 7% from $520.0 billion in the same 2015 period.

Transportation sector leads China syndicated loan volume in 2016 YTD

  • Changsha Metro Group has signed a RMB 11.9 billion facility through sole mandated lead arranger Agricultural Bank of China. Syndication saw Bank of Changsha, China CITIC Bank, China Construction Bank, Export-Import Bank of China, and Postal Savings Bank of China came in participants. Proceeds are to support the construction of Changsha Metro Line 5.
  • Transportation sector leads China syndicated loan volume with $28.6 billion signed in 2016 YTD, accounting for 18% of China’s total loan volume.
  • Transportation is also the second largest sector in Asia Pacific (ex Japan) syndicated loan market. Volume stands at $58.8 billion so far this year, down 22% from $75.7 billion borrowed in 2015 YTD.

The second largest Utility & Energy sector deal signed in Indonesia in 2016 YTD

  • Perusahaan Listrik Negara has signed an IDR 12.0 trillion facility through joint mandated lead arrangers Bank Central Asia, Indonesia Eximbank, Bank Mandiri, Bank Maybank Indonesia, Bank Rakyat Indonesia, and Sarana Multi Infrastruktur on a club basis. Proceeds are for general corporate purposes.
  • This is the second largest Utility & Energy sector deal signed in Indonesia so far this year, behind Perusahaan Listrik Negar’s $917.4 billion facility in September 2016.
  • Indonesia syndicated loans volume totals $19.0 billion in 2016 YTD, up 33% from $14.3 billion borrowed in 2015 YTD.
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