Real estate, oil and gas loans lead the way

Powerlong Real Estate Holdings, Vitol Asia and Vitol Finance, and Quanta Computer feature in Dealogic's roundup of loans activity in Asia for July 27 to August 2.

Real Estate sector leads the Asia Pacific (ex-Japan) loan volume in 2018 YTD

  • Powerlong Real Estate Holdings has signed a $305 million facility through sole bookrunner and mandated lead arranger HSBC. Syndication saw Bank of East Asia, and Tai Fung Bank join as mandated lead arrangers. Proceeds are to repay existing debt and for working capital purposes.
  • In China, Real Estate sector loan stands at $19.4 billion this YTD, up 22% from the $15.9 billion borrowed in 2017 YTD.
  • Real Estate is the largest sector in Asia Pacific (ex Japan). Volume reached $48.5 billion via 132 deals in 2018 YTD, accounting for 18% of total Asia Pacific (ex Japan) loan volume.

Oil & Gas leads the Southeast Asia syndicated loan market in 2018YTD

  • Vitol Asia and Vitol Finance have signed a $1.9 billion facility through joint bookrunners and mandated lead arrangers ANZ, DBS, HSBC, MUFG Bank, National Australia Bank, OCBC, Sumitomo Mitsui Banking Corp, UOB, and Westpac. Syndication saw Agricultural Bank of China, Bank of China, and First Abu Dhabi Bank join as mandated lead arrangers; while Arab Bank, Bank of Nova Scotia, Industrial & Commercial Bank of China, KBC, Land Bank of Taiwan, Maybank, and Union de Banques Arabes et Francaises came in as arrangers. Proceeds are for refinancing an existing facility signed in June 2017.
  • Oil & Gas leads the Southeast Asia syndicated loan market with $18.4 billion signed in 2018 YTD, accounting for 35% of total loan volume for the region.
  • Southeast Asia syndicated loan volume stands at $53.1 billion so far this year, slightly increased from the $52.7 billion borrowed in 2017 YTD, and marked the highest YTD level since 2014.

Taiwan syndicated loan volume reaches highest YTD level since 2011

  • Quanta Computer has sealed a $880 million facility through joint bookrunners and mandated lead arrangers Bank of China, Bank of Communications, Bank of Taiwan, Cathay United Bank, Chang Hwa Commercial Bank, E Sun Commercial Bank, First Commercial Bank, HSBC, Hua Nan Commercial Bank, Land Bank of Taiwan, MUFG Bank, Mega International Commercial Bank, Metropolitan Bank & Trust, Mizuho Bank, Taiwan Cooperative Bank, and UOB. Syndication saw EnTie Commercial Bank, Shanghai Commercial & Savings Bank, and Taishin International Bank join as mandated lead arrangers, while Sumitomo Mitsui Banking Corp join as participant. Proceeds are to refinance $360 million facility signed in August 2013 and for working capital purposes.
  • Technology sector leads Taiwan syndicated loan market with $11.9 billion signed in 2018 YTD, almost double the amount borrowed in 2017 YTD.
  • Taiwan syndicated loan volume stands at $20.1 billion in 2018 YTD, which is double the amount borrowed in 2017 YTD ($10.1 billion). This also marks the highest YTD level since 2011.
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