Oil & Gas sector leads Singapore syndicated loan volume in 2017 YTD
Trafigura has signed a $2.0 billion facility through joint bookrunner and mandated lead arrangers ANZ, DBS, First Abu Dhabi Bank, Industrial & Commercial Bank of China, and UOB. Syndication saw Agricultural Bank of China, Bank of China, CTBC Bank, China Construction Bank, National Australia Bank, OCBC, Sumitomo Mitsui Banking Corp, and Westpac join as mandated lead arrangers while Bank of Baroda, Bank of Kaohsiung, Commonwealth Bank of Australia, Emirates NBD, Hua Nan Commercial Bank, KBC, Korea Development Bank, Land Bank of Taiwan, Maybank, Mega International Commercial Bank, Mizuho, State Bank of Mauritius, Sumitomo Mitsui Trust Bank, and Union de Banques Arabes et Francaises came in as arrangers. Proceeds are to refinance existing debt.
Oil & Gas sector leads Singapore syndicated loan volume, with $8.2 billion signed in 2017 YTD, accounting for 29% of total loan volume in Singapore.
Singapore loan volume totals $28.2 billion so far this year, slightly down from $29.6 billion borrowed in the same period of 2016 and accounting for 50% of total Southeast Asia loan volume.
Finance is the second largest sector for Hong Kong syndicated loan volume
State Bank of India (Hong Kong) has secured a $750 million facility through joint bookrunners and mandated lead arrangers Axis Bank, BNP Paribas, Bank of Tokyo-Mitsubishi UFJ, Barclays Bank, Citi, DBS, First Abu Dhabi Bank, HSBC, Mizuho Bank, and Standard Chartered Bank. Syndication saw Allahabad Bank, Mega International Commercial Bank, National Bank of Kuwait, Punjab National Bank, and Shinsei Bank join as mandated lead arrangers; while Bank of Taiwan and Taipei Fubon Commercial Bank join as arrangers. Proceeds are for working capital purposes.
Finance is the second largest sector for Hong Kong syndicated loan volume, with $9.1 billion signed in 2017 YTD, accounting for 23% of total loan volume in Hong Kong.
Hong Kong loan volume stands at $39.4 billion in 2017 YTD, increasing 5% from $37.4 billion borrowed in the same period of 2016.
China syndicated loan volume down 21% Y-o-Y
Beijing Enterprises Clean Energy Group has secured a HK$ 1.8 billion facility through sole bookrunner and mandated lead arranger DBS. Syndication saw Dah Sing Bank, Nanyang Commercial Bank, and Shanghai Pudong Development Bank join as mandated lead arrangers; while Bank of Communications, Chang Hwa Commercial Bank, Chong Hing Bank, Kasikornbank, Taishin International Bank, and Taiwan Cooperative Bank came in as participants. Proceeds are to repay existing debt, for general corporate and working capital purposes.
China Offshore syndicated loan volume totals $35.7 billion so far this year, down 7% from $38.2 billion borrowed in 2016 YTD and accounting for 31% of total China loan volume in 2017 YTD.
China syndicated loan volume stands at $113.8 billion in 2017 YTD, down 21% from $144.0 billion borrowed in the same period of 2016.
