Southeast Asia loan volume tumbles; Singapore property deal

Southeast Asia syndicated loan volume down 59% Y-o-Y

• Top Glove has closed a $310 million facility through joint mandated lead arrangers BNP Paribas, Bangkok Bank, Bank of China, Bank of Tokyo-Mitsubishi UFJ, Citibank, Hong Leong Bank, Mizuho Bank, and Sumitomo Mitsui Banking Corp on a club basis. Proceeds are to support the $344.9 million acquisition of Aspion.

• This is the second-largest deal signed in Malaysia in 2018 YTD, behind Hengyuan Refining’s $430 million facility signed in January 2018.

• In Southeast Asia, syndicated loan volume totals $5.7 billion in 2018...