Transportation sector leads the China loan volume in 2017 YTD
Heilongjiang Provincial Department of Transportation has signed a RMB 5.7 billion facility through sole mandated lead arranger Bank of China. Syndication saw China Merchants Bank join as participant. Proceeds are for project financing purposes.
Transportation sector leads the China loan volume in 2017 YTD with volume totals $25.5 billion via 25 deals in 2017 YTD, accounting for 20% of China’s total syndicated loan market.
In Asia Pacific ex-Japan, Transportation sector volume stands at $41.9 billion so far this year, down 27% from $57.4 billion borrowed in 2016 YTD.