Region's second largest loan of the year; HK volumes down

Huadian Jinsha River Upstream Hydropower Development, Gainwick and Gold Topmont feature in Dealogic's roundup of loans activity in Asia for June 2-8.

The second largest deal signed in Asia Pacific (ex Japan) in 2017 YTD

  • Huadian Jinsha River Upstream Hydropower Development has signed an RMB 26.7 billion facility through joint mandated lead arrangers Agricultural Bank of China, Bank of China, Bank of Tibet, China Construction Bank, China Development Bank, Industrial & Commercial Bank of China, and Postal Savings Bank of China on a club basis. Proceeds are to support the construction of Yebatan hydro power station located on the main course of Jinsha River, China.
  • This is the second largest deal signed in Asia Pacific (ex Japan) in 2017 YTD, behind Tencent Asset Management’s $4.7 billion fundraising in March 2017.
  • The syndicated loan volume totals $141.5 billion in Asia-Pacific (ex Japan) so far this year, down 32% year-on-year.

Hong Kong tops APAC (ex Japan) Real Estate sector loan this YTD

  • Gainwick has signed a HK$5.0 billion facility through joint mandated lead arrangers Bank of China, Bank of Tokyo-Mitsubishi UFJ, DBS Bank, Hang Seng Bank, and HSBC on a club basis. Proceeds are to finance the costs of land premium, construction cost and all related costs to be incurred for the development of residential site at Tai Po, New Territories, Hong Kong.
  • Hong Kong has the highest Real Estate loan volume among other nationalities in the Asia-Pacific (ex Japan) region, accounting for 33% of the region’s total Real Estate loan volume.
  • In Asia-Pacific (ex Japan), HKD-denominated syndicated loan volume stands at $18.7 billion in 2017 YTD, down 4% year-on-year.

Hong Kong syndicated loan volume down 15% Y-o-Y

  • Gold Topmont has signed a HK$7.2 billion facility through joint bookrunners and mandate lead arrangers China Everbright Bank, Fubon Financial Holding, and Wing Lung Bank. Syndication saw CTBC Bank, Chang Hwa Commercial Bank, Chiyu Banking Corp, Tai Fung Bank, and Taishin International Bank join as arrangers. Proceeds are to finance the development of a residential complex in Kowloon, Hong Kong and to repay existing debt.
  • Real Estate sector leads Hong Kong syndicated loan volume with $7.6 billion via 8 deals signed so far this year, accounting for 49% of total Hong Kong loan volume.
  • In Hong Kong, syndicated loan volume totals $15.4 billion in 2017 YTD, down 15% from $18.2 billion borrowed in 2016 YTD and marking the lowest YTD level since 2013 ($14.4 billion).
¬ Haymarket Media Limited. All rights reserved.