The third largest Consumer Products sector deal signed in Asia Pacific (ex-Japan) in 2017 YTD
- Million Profit Corporation has signed a HK$2.4 billion facility through joint mandated lead arrangers Bank of China, Bank of Tokyo-Mitsubishi UFJ, DBS, Hang Seng Bank, Mizuho Bank, and Standard Chartered Bank on a club basis. Proceeds are to repay existing facilities and for general corporate purposes.
- This is the third largest Consumer Products sector deal signed in Asia Pacific (ex-Japan) in 2017 YTD, behind Muse Holdings-B’s $3.6 billion fundraising signed in July 2017 and RSPL’s $343 million fundraising signed in March 2017.
- In Asia Pacific (ex-Japan), Consumer Products sector loan volume stands at $5.0 billion in 2017 YTD, almost ten times more than the amount borrowed in the same period of 2016.
Southeast Asia syndicated loan volume down 13% Y-o-Y
- Astra International has secured a $600 million facility through joint mandated lead arrangers ANZ, Bank of China, Bank of Tokyo-Mitsubishi UFJ, Bank UOB Indonesia, China Construction Bank, Citibank, DBS, Hongkong and Shanghai Banking Co, Industrial & Commercial Bank of China, Mizuho Bank, OCBC, Standard Chartered Bank, Sumitomo Mitsui Banking Corp, and UOB on a club basis. Proceeds are for general corporate purposes.
- Southeast Asia syndicated loan volume stands at $45.2 billion so far this year, down 13% from $51.8 billion borrowed in 2016 YTD.
- In Asia Pacific (ex Japan), syndicated loan volume totals $252.7 billion via 786 deals in 2017 YTD, down 14% year-on-year and marking the lowest YTD level in recent five years.
The third largest deal signed in Taiwan in 2017 YTD
- Oriental Petrochemical has signed a NT$ 16.8 billion facility through joint bookrunners and mandated lead arrangers Bank of Taiwan, Chang Hwa Commercial Bank, Hua Nan Commercial Bank, Land Bank of Taiwan, Mega International Commercial Bank, and Taiwan Business Bank. Syndication saw Agricultural Bank of Taiwan, Bank SinoPac, CTBC Bank, First Commercial Bank, Taishin International Bank, and Taiwan Cooperative Bank come in as arrangers, while KGI Bank and Taiwan Shin Kong Commercial Bank joined as participants. Proceeds are to refinance the NT$11.0 billion facilities signed in May 2012 and the NT$4.6 billion facility signed in July 2014, and for working capital purposes.
- This is the third largest deal signed in Taiwan in 2017 YTD, behind AU Optronics’ $758 million fundraising signed in March 2017 and Wistron and AII Holding’s $700 million facility signed in June 2017.
- Taiwan syndicated loan volume stands at $9.6 billion in 2017 YTD, down 40% from $16.1 billion borrowed in 2016 YTD and marking the lowest YTD level since 2005 ($7.8 billion).
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