ASIA DATA
ASIAN SYNDICATED LOAN PIPELINE UPDATES WEEK OF 30 OCTOBER
Company Currency Size (m) Margin (All-in) Tenor (mths) Facility Arrangers
Australia
Nufarm A$ 272 Revolver/Term Loan
US$ 115 12 Bridge Loan UBS , JPM
Bangladesh
Bengal Hotels and Resorts US$ 18 Revolver/Term Loan World Bank, FMO
China
Ruzhou Veinous Industrial Park US$ 65 Revolver/Term Loan
Solid Waste Integrated Treatment
Hong Kong
Xinda Holding (HK) US$ 105 290 (380) 24 Term Loan SCB
US$ 190 300 (390) 24 Term Loan SCB
Japan
Hoshino Resorts REIT ¥ 10,000 90 Term Loan BTMU
¥ 1,500 40 12 Term Loan BTMU
Philippines
Cebu Pacific Air US$ 273 120 Term Loan
Singapore
Frasers Property A$ 500 150 60 Revolver/Line >= 1 Yr. OCBC, ANZ, Mizuho, UOB
Taiwan
Huei Hong Investment NT$ 15,000 24 Revolver/Line >= 1 Yr. Mega
Vietnam
Joint Stock Commercial Bank for US$ 100 36 Revolver/Term Loan
Investment & Development of Vietnam
Source: Thomson Reuters LPC
MERRILL LYNCH ASIAN DOLLAR INDEX
Index Description Index level 1 week total return 1 month total return 3 months total return OAS
ADIG Asian-dollar high-grade index 391.475 0.214 0.505 0.929 115
ADHY Asian-dollar high-yield index 613.347 0.044 0.881 2.520 362
AGIG Asian-dollar government high-grade index 364.454 0.218 0.356 0.777 107
AGHY Asian-dollar government high-yield index 729.109 0.043 0.841 2.295 277
ACIG Asian-dollar corporate high-grade index 417.071 0.213 0.560 0.991 119
ACHY Asian-dollar corporate high-yield index 503.250 0.044 0.888 2.562 378
Source: Merrill Lynch
LAST WEEK’S ECM DEALS
Stock Country Date Amount Price Deal type Bookrunner(s)
Reliance Nippon AMC India 27/10/17 Rs15bn Rs252 IPO (Primary/Secondary) Axis Capital, Citic CLSA, JM Financial, Nomura
Ronshine China China 29/10/17 HK$1.21bn HK$8.52 Follow-on (Primary) Haitong International, UBS, Yuexiu Securities
PSC Insurance Group Australia 30/10/17 A$55m A$3 Follow-on (Secondary) Bell Potter
New China Life Insurance China 30/10/17 HK$3.55bn HK$47.30 Follow-on (Secondary) JP Morgan, Morgan Stanley
China Literature China 31/10/17 HK$8.33bn HK$55 IPO (Primary/Secondary) Bank of America Merrill Lynch, Credit Suisse,
Morgan Stanley, CICC, JP Morgan, BOC International,
China Securities International, China Renaissance,
China Merchants Securities, CMB International, HSBC
Emeco Australia 01/11/17 A$67m A$0.21 Follow-on (Primary) Macquarie Capital, Morgans
Sapura Energy Malaysia 01/11/17 M$859.1m M$1.42 Follow-on (Secondary) CIMB
Keppel KBS US REIT Singapore 01/11/17 US$448m US$0.88 IPO (Primary) Bank of America Merrill Lynch, Citigroup,Credit Suisse
ASM Pacific Technology Hong Kong 02/11/17 HK$4.11bn HK$111 Follow-on (Secondary) Morgan Stanley
Mahindra Logistics India 02/11/17 Rs8.3bn Rs429 IPO (Secondary) Axis, Kotak
Source: IFR Asia
LAST WEEK’S EQUITY-LINKED ISSUANCE
Issuer Country Date Amount Greenshoe Maturity Coupon (%) Premium (%) Bookrunner
Hon Hai Precision Industry Taiwan 30/10/17 US$400m US$100m 2022 0 30.04 Bank of America Merrill Lynch, Citigroup, HSBC
Source: IFR Asia