The third largest deal signed in India in 2017 YTD
- Metenere has signed an INR 18.1 billion facility through sole bookrunner and mandated lead arranger State Bank of India. Syndication saw AXIS Bank, Andhra Bank, Bank of India, Canara Bank, Dena Bank, IDBI Bank, Laxmi Vilas Bank, Pubjab National Bank, State Bank of Bikaner & Jaipur, State Bank of Mysore, State Bank of Patiala, State Bank of Travancore, United Bank of India, and Vijaya Bank come in as participants. Proceeds are for working capital purposes.
- This is the third largest syndicated loan signed in India so far this year, behind IndianOil LNG’s $430 million facility signed in February 2017 and JSW Jaigarh Port’s $325 million facility signed in January 2017.
- India syndicated loan volume stands at $2.3 billion via 16 deals so far this year, down 57% year-on-year from $5.3 billion borrowed in 2016 YTD.
Singapore syndicated loan volume at lowest YTD level since 2010
- Oxley Gem has signed an S$585 million facility through sole bookrunner and mandated lead arranger Maybank. Syndication saw Hong Leong Finance join as mandated lead arranger while Bank of China, and State Bank of India came in as arrangers. Proceeds are to refinance the S$489.6 million facility signed in July 2013.
- This is the largest deal signed in Singapore so far this year, followed by Savu Investments’ $293 million transaction and Oxley Holdings’ $200 million fundraising, both signed in January 2017.
- Singapore syndicated loan volume stands at $909 million via 3 deals so far this year, down 50% from $1.8 billion in the same period of 2016 and marking the lowest YTD level since 2010 ($459 million).
The largest deal signed in Taiwan in 2017 YTD
- Shanyuan and Lung Lin Construction have signed a NT$12.1 billion facility through sole bookrunner and mandated lead arranger Land Bank of Taiwan. Syndication saw Bank of Taiwan, Cathay United Bank, Hua Nan Commercial Bank, Mega International Commercial Bank, and Taishin International Bank join as arrangers, while Agricultural Bank of Taiwan, Bank of East Asia, Bank of Kaohsiung, Chang Hwa Commercial Bank, First Commercial Bank, Shanghai Commercial & Savings Bank, Ta Chong Bank, Taichung Commercial Bank, Taiwan Business Bank, Taiwan Cooperative Bank, and Taiwan Shin Kong Commercial Bank came in as participants. Proceeds are to repay existing debt, for working capital and capital expenditure purposes.
- This is the largest deal signed in Taiwan so far this year, followed by Chang Wah Technology’s $111 million facility and Chang Wah Electromaterials’ $90 million fundraising, both signed in January 2017.
- Taiwan syndicated loan volume stands at $743 million via 6 deals so far this year, down 87% from $5.6 billion borrowed in 2016 YTD.
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