Utilities loans slumps; major financial deal in HK

Asia Pacific ex-Japan Utility loan volume down 39% Y-o-Y

• China Power International Development has signed a $500 million facility through joint bookrunners and mandated lead arrangers Agricultural Bank of China, Bank of Communications, Export-Import Bank of China, First Abu Dhabi Bank, Industrial Commercial Bank of China, Nanyang Commercial Bank, OCBC, Standard Chartered Bank, and Westpac. Syndication saw MUFG Bank and Mega International Commercial Bank join as mandated lead arrangers while Bank of China, Bank of Taiwan, First Commercial Bank, Hitachi Capital Corp, Hua Nan Commercial Bank, Intesa Sanpaolo, Land Bank of Taiwan, and Taiwan Shin Kong Commercial Bank came in as arrangers. Bank of Panhsin and...