Oil and gas loans on fire, Taiwan real estate loans boom

Taiwan real estate syndicated loan totals $2.3 billion in 2018 YTD, and Fortune Oil PRC Holdings secures a $428.9 million facility.

By FinanceAsia & Dealogic

October 25, 2018

Asia Pacific ex Japan Oil Gas loan soar high in 2018 YTD

Fortune Oil PRC Holdings has signed a $428.9 million facility through joint bookrunners and mandated lead arrangers Bank of East Asia, China Construction Bank, Chiyu Banking Corp, Hang Seng Bank, UBS and Yuanta Commercial Bank. Syndication saw CMB Wing Lung Bank, CTBC Bank, Fubon Bank, KGI Bank and Taiwan Cooperative Bank came in as mandated lead arrangers. Proceeds are to refinance the $380m facility signed in May 2016 and for working capital purposes.

In China, Oil Gas syndicated loan totals $9.9 billion so far this year, huge increase...

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