Fourth largest loan signed in Indonesia this year
· PT JTD Jaya Pratama has signed an IDR13700 billion facility through joint bookrunners and mandated lead arrangers PT Bank Mandiri (Persero), Bank Negara Indonesia, Bank Central Asia, PT Bank Mega and PT Bank DKI. Syndication saw a consortium of 13 regional commercial and development banks joining as participants joining as participants. Proceeds are to support the construction of the 6 Section of Inner Ring Road Toll Road Phase I in Indonesia.
· In Indonesia, syndicated loan volume totals $17.6 billion so far this year, down 12% from the $19.9 billion borrowed in 2017 YTD.
· Construction & Building sector loans in Asia Pacific (ex Japan) stand at $19.5 billion in 2018 YTD, down 60% from $49.0 billion in the same period of 2017.
Finance sector loans in Asia Pacific (ex Japan) up 6% YOY
· Ping An Leasing Hong Kong Holdings has sealed a HK$2.5 billion facility through joint bookrunners and mandated lead arrangers China Construction Bank and First Abu Dhabi Bank. Syndication saw Chong Hing Bank come in as participant. Proceeds are for general corporate purposes.
· China offshore deals stands at $48.2 billion in 2018 YTD, down 12% from $55.0 billion in the same period in 2017.
· Asia Pacific (ex Japan) Finance sector loan volume totals $47.7 billion in 2018 YTD, up 6% from $45.2 billion in 2017 YTD.
Asia Pacific (ex Japan) Computers & Electronics loans reach highest YTD volume on record
· Quanta Computer and Quanta International have secured a $480 million facility through joint bookrunners and mandated lead arrangers Bank of Taiwan, Credit Agricole CIB, Mega International Commercial Bank, Mizuho Bank, Sumitomo Mitsui Banking Corp, Taipei Fubon Commercial Bank and Taishin International Bank. Syndication saw Bank SinoPac and Shanghai Commercial & Savings bank coming in as mandated lead arrangers while Chang Hwa Commercial Bank, E.Sun Commercial Bank, Far Eastern International Bank, Land Bank of Taiwan, Taiwan Cooperative Bank and Yuanta Securities Co joined as participants. Proceeds are for working capital purposes.
· Taiwan Computers & Electronics sector deals stand at $14.3 billion in 2018YTD, up 96% from the $7.3bn borrowed in the same period in 2017.
· Asia Pacific (ex Japan) Computers & Electronics sector loans are up to $50.3bn so far in 2018, increased by 52% from the $33.1bn in 2017YTD and marking the highest YTD volume on record.
