IFR Asia – November 25, 2017

44 International Financing Review Asia November 25 2017

ASIA DATA

ASIAN SYNDICATED LOAN PIPELINE UPDATES WEEK OF 20 NOVEMBER

Company Currency Size (m) Margin (All-in) Tenor (mths) Facility Arrangers

Australia

AMP Group Finance Services A$ 250 80 28 Revolver/Line >= 1 Yr. CBA, Westpac, ANZ

A$ 250 100 52 Revolver/Line >= 1 Yr. Westpac, CBA, ANZ

A$ 250 110 64 Revolver/Line >= 1 Yr. CBA, ANZ, Westpac

Blackstone Group A$ 326 200 Term Loan UOB, DB

A$ 239 200 Term Loan DB, UOB

A$ 100 100 Revolver/Line >= 1 Yr. DB, UOB

A$ 50 100 Revolver/Line >= 1 Yr. UOB, DB

Hills Motorway Management A$ 755 Revolver/Term Loan

Oaks Hotels & Resorts A$ 150 164 60 Term Loan SCB

Hong Kong

Follow International US$ 600 217.5 (229) 48 Revolver/Term Loan Fubon Financial Holding Co Ltd, DBS, SCB

Hong Kong Airlines US$ 90 Term Loan Far Eastern International Bank

Loyal Pioneer HK$ 1,381 140 (158) 36 Term Loan HSBC

HK$ 1,536 140 (158) 36 Term Loan HSBC

Shougang Holding Trade (HK) US$ 200 175 (193) 24 Term Loan BNP

India

GreatShip (India) US$ 249 215 84 Revolver/Term Loan Citi, SCB

Vietnam

Vietnam International US$ 185 60 Term Loan International Finance Bank, Cathay Financial Holdings,

Commercial Joint Stock Bank ICBC, Kiatnakin Finance Public

Source: Thomson Reuters LPC

LAST WEEK’S ECM DEALS

Stock Country Date Amount Price Deal type Bookrunner(s)

Sosei Group Japan 17/11/17 ¥22.3bn ¥10,800 Follow-on (Primary) Bank of America Merrill Lynch, JP Morgan

L&T Finance India 20/11/17 Rs7.8bn Rs180.50 Follow-on (Secondary) Citigroup

Gulf Energy Development Thailand 21/11/17 Bt24bn Bt45 IPO (Primary) Bank of America Merrill Lynch, Bualuang Securities,

Kasikorn Securities, Siam Commercial Bank, UBS

Skylark Japan 21/11/17 ¥62bn ¥1,602 Follow-on (Secondary) Bank of America Merrill Lynch, Morgan Stanley, Nomura

Lotte Shopping South Korea 21/11/17 W214bn W214,000 Follow-on (Secondary) Nomura

Source: IFR Asia

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 391.386 0.163 0.106 0.443 117

ADHY Asian-dollar high-yield index 612.021 0.396 –0.095 1.783 375

AGIG Asian-dollar government high-grade index 364.664 0.358 0.180 0.451 108

AGHY Asian-dollar government high-yield index 725.679 0.514 –0.409 1.090 292

ACIG Asian-dollar corporate high-grade index 416.857 0.093 0.081 0.444 121

ACHY Asian-dollar corporate high-yield index 502.407 0.373 –0.034 1.916 391

Source: Merrill Lynch

LAST WEEK’S EQUITY-LINKED ISSUANCE

Issuer Country Date Amount Greenshoe Maturity Coupon (%) Premium (%) Bookrunner

Chugoku Electric Power Japan 21/11/17 ¥50bn 2019 0 14.96 Nomura

Japan 21/11/17 ¥50bn 2021 0 14.96 Nomura, Mizuho

Source: IFR Asia

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