Transport, energy, top loan sectors in China, India

Heilongjiang Provincial Department of Transportation, Lalitpur Power Generation Macronix International and feature in Dealogic's roundup of loans activity in Asia for November 24 to 30.

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.

Utility & Energy sector leads India syndicated loan volume in 2017 YTD

Lalitpur Power Generation has signed an INR 138.6 billion facility through sole mandate lead arranger State Bank of India. Syndication saw Allahabad Bank, Bank of Baroda, Bank of India, Bank of Maharashta, Canara Bank, Central Bank of India, Corporation Bank, IDBI Bank, India Infrastructure Finance, Indian Overseas Bank, Oriental Bank of Commerce, Punjab & Sind Bank, Punjab National Bank, UCO Bank, Union Bank of India, United Bank of India, and Vijaya Bank join as participants. Proceeds are used for restructuring existing debt supporting the implementation of the 1,980MW coal-based supercritical thermal power project in Mirchwara and Burogaon, Mehroni Tehsil, Lalitpur, Uttar Pradesh, India.

Utility & Energy sector leads India syndicated loan volume with $11.9 billion via 73 deals signed so far this year, accounting for 26% of India’s total loan volume.

India syndicated loan volume totals $45.8 billion in 2017 YTD, marking the lowest YTD level since 2009 and is the third consecutive year-on-year decline since 2014.

Technology sector leads the Taiwan syndicated loan market in 2017 YTD

Macronix International has signed a NT$7.7 billion facility through joint bookrunners and mandated lead arrangers Bank of Taiwan, Chang Hwa Commercial Bank, Land Bank of Taiwan, Mega International Commercial Bank, and Taiwan Cooperative Bank. Syndication saw KGI Bank and Taishin International Bank come in as participants. Proceeds are to refinance the NT$7.7 billion facility signed in June 2015, for capital expenditure and working capital purposes.

Technology sector leads the Taiwan syndicated loan market in 2017 YTD. The volume has reached $7.0 billion so far this year, accounting for 41% of total Taiwan syndicated loan volume.

Taiwan syndicated loan volume stands at $17.2 billion in 2017 YTD, down 39% from the $28.4 billion borrowed in 2016 YTD and marking the lowest YTD level since 2005 ($14.0 billion).

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