• China Universal to exit with bigger RMB borrowing

    China Universal Leasing, which had initially invited banks to a Rmb1bn ($150.5m) onshore loan, is considering boosting the size of the facility following a good response during syndication.

    • 18 Oct 2016
  • Banks prep LBO financings for Tricor, Wharf

    Details about a $350m-$400m financing for private equity firm Permira’s acquisition of corporate services provider Tricor Group have emerged.

    • 06 Oct 2016
  • Banks line up $550m loan for Wharf T&T acquisition

    Lenders have put together a financing package of $550m to back MBK Partners and TPG’s joint acquisition of Wharf T&T from Wharf Holdings.

    • 05 Oct 2016
  • Yingda International reissues loan at $250m

    Yingda International Leasing has issued modified terms for its latest loan, following a change in ownership.

    • 03 Oct 2016
  • China Universal nets 14 for onshore Rmb1bn

    Over a dozen banks have committed to join China Universal Leasing’s Rmb1bn ($150.5m) onshore loan.

    • 03 Oct 2016
  • Sino Biopharma seals $300m deal with five

    Five banks have clubbed together to supply a $300m three year term loan to Hong Kong-listed company Sino Biopharmaceutical.

    • 29 Sep 2016
  • Yes Bank goes with larger $130m loan

    India’s Yes Bank has increased its latest loan to $130m from $100m. It tapped liquidity from Taiwanese lenders for the five year deal, which is the longest tenor it has sought from the syndication market.

    • 20 Sep 2016
  • Lippo S$350m loan launches into general

    A S$350m ($259m) loan signed between Lippo Malls Indonesia Retail Trust (LMIR) and a group of lenders has opened into syndication.

    • 05 Sep 2016
  • Yingda recasts loan after shareholding change

    Yingda International Leasing, which launched a $200m syndicated loan in January, has modified the deal's terms after a change in ownership.

    • 02 Sep 2016
  • Royal Industries seeks additional $95m after default

    Royal Industries Indonesia, which failed to pay the first principal instalment of a loan borrowed in June 2015, has asked banks for additional funds to help resolve its liquidity problem.

    • 31 Aug 2016
  • Lee & Man Paper, NewOcean raise syndicated loans

    A subsidiary of Lee & Man Paper Manufacturing has signed loans worth HK$4bn ($515.6m) to refinance debt, including bilateral loans, and for general corporate funding.

    • 29 Aug 2016
  • Royal loan default is a time for introspection

    Royal Industries Indonesia rattled the loans market last week when it failed to pay the first principal instalment on a $380m deal signed in June 2015. The incident has caused consternation among participating banks, with many being quick to blame the bookrunners on the trade. But this should be a wake-up call to lenders, who need to re-examine their internal approval procedures.

    • 23 Aug 2016
  • Royal Industries skips first instalment on $380m deal

    Agro-industrial company Royal Industries Indonesia has failed to pay the first principal instalment on a $380m loan borrowed in June 2015. Although the incident was driven by circumstances unique to the borrower, market observers reckoned banks would now be more wary of lending to smaller, privately-held firms from the country. Shruti Chaturvedi reports.

    • 18 Aug 2016
  • Royal Industries misses first repayment on $380m loan

    Royal Industries Indonesia is understood to have failed to repay the first principal installment on a $380m loan raised in 2015.

    • 18 Aug 2016
  • China Lesso doubles borrowing to $600m

    Home building materials maker China Lesso Group Holdings signed its syndicated loan at $600m, twice the launch size, on Thursday.

    • 12 Aug 2016
  • China Universal eyes Rmb1bn onshore borrowing

    China Universal Leasing is seeking Rmb1bn ($150.5m) onshore, with two mandated lead arrangers and bookrunners distributing the deal on a best efforts basis.

    • 11 Aug 2016
  • Indo Exim allocates $725m borrowing

    A $725m loan for Indonesia Eximbank has been allocated, with lenders that committed only to the shorter, three year tranche, experiencing a bigger scaleback than those that opted for the five year.

    • 10 Aug 2016
  • Pertamina nears general syndication for $1.5bn

    Indonesia’s Pertamina is expected to launch its long awaited $1.5bn five year financing into general syndication this week, punctuating a quiet period for the southeast Asian loan market.

    • 08 Aug 2016
  • China Lesso mulls increasing loan to $600m

    Home building materials maker China Lesso Group Holdings will likely increase the size of its latest borrowing, thanks to a good response during general syndication.

    • 29 Jul 2016
  • July loan activity signals promising start to H2

    The Asian loan market is finally showing signs of life as receding concerns over the pace of renminbi depreciation and bank efforts to look beyond traditional borrowers propel activity. With two or three deals launching nearly every week this month, the pace of issuance has set a strong tone for the rest of the year. Shruti Chaturvedi reports.

    • 21 Jul 2016
  • Yes Bank trains sights on Taiwan for $100m five year

    India’s Yes Bank is eyeing Taiwanese liquidity for a $100m term loan that comes with an undisclosed greenshoe option.

    • 21 Jul 2016
  • Indo Exim nets commitments from 24 lenders

    A $725m loan for Indonesia Eximbank that hit general syndication at the end of May has attracted commitments from 24 lenders.

    • 12 Jul 2016
  • Six take China Lesso’s $300m loan into general

    Home building materials maker China Lesso Group has approached the loan market for a $300m borrowing, some two years after sealing its debut syndicated facility.

    • 04 Jul 2016
  • ICICI Singapore loans team loses one

    ICICI Bank’s international loan syndications team in Singapore is losing a banker who has been with the Indian lender for eight years.

    • 29 Jun 2016
  • Indo Exim hunts for $725m in general

    A $725m loan for Indonesia Eximbank has hit general syndication, two months after the borrower picked the mandated lead arrangers and bookrunners.

    • 31 May 2016
  • MPM Finance to launch new $100m facility next week

    Mitra Pinasthika Mustika Finance is poised to launch a $100m borrowing into syndication next week, with the Indonesian firm having mandated a trio of banks to arrange the deal.

    • 19 May 2016
  • Nine sign up for $456m Interplex acquisition loan

    Allocations have been issued for a $455.75m loan to support Baring Private Equity Asia’s acquisition of Singapore-based Interplex Holdings.

    • 09 May 2016
  • HCP Global wraps up $430m acquisition loan

    Allocations are out for a $430m five year loan for Baring Private Equity Asia’s acquisition of cosmetics packaging company HCP Global.

    • 29 Apr 2016
  • Loans news in brief, April 22, 2016

    Panama’s Global Bank eyes Asia liquidity — Indo Eximbank in $725m fundraising — Protelindo in bilateral talks

    • 21 Apr 2016
  • Indonesian loans heat up with MNC, Indo Exim, Protelindo

    Indonesian television broadcaster MNC Sky Vision has launched the senior syndication phase of its $275m two tranche borrowing.

    • 19 Apr 2016
  • AerCap signs up eight for $700m deal

    AerCap Holdings, one of the largest aircraft leasing companies in the world, has signed a $700m secured credit facility to finance new purchases.

    • 11 Apr 2016
  • Indonesia's MNC Sky Vision returns for $275m

    Indonesian television broadcaster MNC Sky Vision is back in the loan market for a $275m borrowing with two lenders at the top. The company was recently slammed by a credit rating downgrade because of rising leverage and weakening performance.

    • 01 Apr 2016
  • BPI to make overseas loan debut with $250m facility

    Bank of the Philippine Islands (BPI) is poised to make its debut in the international syndicated loan market with a $250m fundraising.

    • 31 Mar 2016
  • Southeast Asia loans round-up: Golden-Agri and SM Prime

    A $300m dual-tranche loan for a subsidiary of palm oil producer Golden-Agri Resources has wrapped up with just two new banks coming in.

    • 30 Mar 2016
  • Indo Eximbank shortlists eight for $500m refi

    Indonesia Eximbank, which had been talking to lenders for the past few weeks for a $500m refinancing, has zeroed in on a group of eight lenders for the new club deal.

    • 23 Mar 2016

Panda Bonds Top Arrangers

Rank Arranger Total Volume Rmb (m) No. of Deals Share % by Volume
1 Bank of China (BOC) 7,500 5 22.26
2 Agricultural Bank of China (ABC) 4,000 2 11.87
2 Everbright Securities 4,000 1 11.87
4 Industrial and Commercial Bank of China (ICBC) 3,500 2 10.39
5 HSBC 3,000 2 8.90

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 19 Oct 2016
1 CITIC Securities 14,399.87 54 6.41%
2 Morgan Stanley 11,680.45 48 5.20%
3 GF Securities Co Ltd 11,254.82 44 5.01%
4 Deutsche Bank 8,929.93 36 3.97%
5 China Securities Co Ltd 8,568.28 45 3.81%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 11 Oct 2016
1 HSBC 24,211.67 144 4.82%
2 Citi 23,007.32 123 4.58%
3 Bank of America Merrill Lynch 20,229.47 98 4.03%
4 JPMorgan 18,255.12 103 3.63%
5 Goldman Sachs 11,241.68 45 2.24%