Syndicated loan in Singapore up 11.7% YoY
- Avery Strategic Investments has signed a S$400 million facility through joint bookrunners and mandated lead arrangers Deutsche Bank AG, Bank of China. Syndication saw Hong Leong Finance joined as mandated lead arrangers while State Bank of India, Arab Bank, First Commercial Bank, Shanghai Commercial & Savings Bank, RHB Bank and Taishin International Bank came in as arrangers. Proceeds are to refinance existing debt and for general corporate purposes.
- Real estate sector loans amount to $7.7 billion in Singapore so far this year, slightly decrease from $7.9 billion in 2017 YTD.
- Syndicated loan in Singapore stands at $39.7 billion in 2018 YTD, up 11.7% from $35.5 billion in the same period of 2017.
Taiwan computers & electronics loans mark highest YTD level
- Unimicron Technology Corporation has signed a NT$6 billion facility through sole bookrunner and mandated lead arranger CTBC Bank. Syndication saw Taiwan Cooperative Bank, Mega International Commercial Bank and Hua Nan Bank joined as mandated lead arrangers while Chang Hwa Bank, Land Bank of Taiwan, First Commercial Bank, Jih Sun International Bank, Far Eastern International Bank, National Agricultural Bank, E.SUN Commercial Bank and KGI Bank came in as participants. Proceeds are to refinance existing debt and for working capital purposes.
- Taiwan computers & electronics syndicated loan totals $13.3 billion in 2018 YTD, marking the highest level on record.
- In Asia Pacific (ex Japan), computers & electronics syndicated loan stands at $26 billion so far this year, a significant decrease from $32.3 billion in 2017 YTD.
Australasia transportation loans decrease 4% YoY
- Qantas Airways has signed a A$450 million facility through joint bookrunners and mandated lead arrangers BNP Paribas, National Australia Bank and Standard Chartered Bank. Syndication saw ANZ, Agricultural Bank of China, Bank of China, Citi, Commerzbank Group, Commonwealth Bank of Australia, Credit Agricole CIB, ICBC, MUFG and OCBC joined as mandated lead arrangers while E.Sun Commercial Bank and Taiwan Financial Holding came in as arrangers. Proceeds are for general corporate purposes.
- Transportation sector loan volume in Australasia totals $6.3 billion, down 4% compared to last year’s $6.6 billion.
- In Asia Pacific (ex Japan), transportation loans total $28.1 billion, taking 7.1% of total market share.