IFR Asia – February 10, 2018

34 International Financing Review Asia February 10 2018

ASIA DATA

ASIAN SYNDICATED LOAN PIPELINE UPDATES WEEK OF 5 FEBRUARY

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

Hong Kong

China SCE Property Holdings US$ 300 330 (390) 42 Term Loan HSBC, Hang Seng Bank, BoC

Far East Horizon US$ 800 130 (155) 36 Term Loan Taishin Financial Holding, E Sun Commercial Bank, CCB,

China Merchants Bank, BTMU

Hong Kong Tiancheng Investment & Trading US$ 200 128 (165) 36 Term Loan SCB, ANZ

Trimco International Holdings US$ 150 60 Term Loan CTBC, Cathay Financial Holdings

India

Indiabulls Housing Finance US$ 200 120 (143) 60 Revolver/Term Loan State Bank of India, BTMU

Power Finance Corp US$ 250 60 Revolver/Term Loan

Rural Electrification Corp US$ 400 36 Revolver/Term Loan

Indonesia

CSM Corporatama US$ 100 190 (211) Term Loan ANZ, CTBC, DBS, SCB, CIMB

Tiphone Mobile Indonesia Rp 1,250,000 300 36 Term Loan Bank Central Asia, CIMB, SCB

US$ 94 200 (218) 36 Term Loan Bank Central Asia, CIMB, SCB

Japan

Japan Oil Gas & Metals National Corp ¥ 36,818 12 Term Loan

Taiwan

ChipMos Technologies Inc NT$ 10,000 Revolver/Term Loan

Pou Chen Corp NT$ 30,000 60 Revolver/Term Loan

Source: Thomson Reuters LPC

LAST WEEK’S ECM DEALS

Stock Country Date Amount Price Deal type Bookrunner(s)

A-Living Services China 02/02/18 HK$4.1bn HK$12.30 IPO (Primary) HSBC, Huatai Financial, Morgan Stanley, ABC International,

BNP Paribas, CCB International, China Sec International,

ICBC International

Land & Houses Thailand 04/02/18 Bt10.6bn Bt10.90 Follow-on (Secondary) BAML, Phatra

Vincom Retail Vietnam 05/02/18 D4.51trn D47,750 Follow-on (Secondary) Citigroup, Credit Suisse, Deutsche Bank, Maybank

Ascendas Retail Trust Singapore 05/02/18 S$100m $1.027 Follow-on (Primary) Citigroup, DBS

Bank of Gansu China 06/02/18 HK$893m HK$2.69 IPO Greenshoe (Primary) BOC International, CCB International, CMB International,

Guotai Junan International, Huatai Financial

China Overseas Grand Oceans China 06/02/18 HK$4.65bn HK$4.08 Follow-on (Primary) China Overseas Land & Investment

Huami China 07/02/18 US$110m US$11 IPO (Primary) Credit Suisse, Citigroup, China Renaissance

JinkoSolar China 07/02/18 US$65m US$18.15 Follow-on (Primary) Barclays, Credit Suisse

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 385.904 –0.469 –1.302 –1.539 113

ADHY Asian-dollar high-yield index 613.834 –0.542 –0.529 –0.012 375

AGIG Asian-dollar government high-grade index 359.200 –0.767 –1.706 –1.527 99

AGHY Asian-dollar government high-yield index 725.145 –1.308 –1.391 –0.333 289

ACIG Asian-dollar corporate high-grade index 411.124 –0.365 –1.161 –1.555 119

ACHY Asian-dollar corporate high-yield index 504.315 –0.383 –0.348 0.062 392

Source: Merrill Lynch

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