Southeast Asia loan volume tumbles; Singapore property deal

Top Glove, Lend Lease Retail Investments 1 and Powerchip Technology feature in Dealogic's roundup of loans activity in Asia for March 16 to 22.

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...
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