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Volume dips only slightly despite there being a third fewer transactions
Strong appetite from international banks for first gigascale 24/7 solar plant
ECA-backed deal comes after AFC raises $2bn to fund infrastructure development
Deal was three times oversubscribed
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Australia and New Zealand Bank has merged its project and structured finance, and structured export finance divisions into one, as part of its strategy to streamline its global loans operations.
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Chinese company Hilong Holding has wrapped up only its second syndicated loan, increasing the four year deal to $100m from the launch size of $80m.
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It has been slow going but Giant Interactive’s $850m five year leveraged buyout financing is gaining traction in general syndication with commitments from three Taiwanese lenders, one of which has joined at the highest ticket level.
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Haitong International Securities Group signed the documents for its loan of HK$3.34bn ($431m) on Friday, May 23, managing to more than double the deal from the launch size of HK$1.5bn.
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Singapore real estate company Frasers Centrepoint Trust, which in April announced the S$305m ($242.8m) acquisition of Changi City Point, has decided to fund roughly half of the purchase through debt.
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The international arm of Taiwan’s Chailease Finance is tipped to mandate three banks for its latest fundraising of $120m, according to a banker.