ASIA DATA
ASIAN SYNDICATED LOAN PIPELINE UPDATES WEEK OF 19 MARCH
Company Currency Size (m) Margin (All-in) Tenor (mths) Facility Arrangers
Australia
Qantas Airways A$ 250 122.5 (133) 60 Revolver/Term Loan CBA, ANZ, BoC
China
GCL New Energy Holdings US$ 150 36 Term Loan CS
Shanghai Dongzheng Automotive Finance Rmb 500 522.5 (570) 36 Term Loan SCB
Rmb 500 522.5 (556) 24 Term Loan SCB
Shanghai Meixin Financing Lease Rmb 1,000 522.5 (570) 36 Term Loan SCB
Swift Astute Rmb 782 36 Term Loan DBS, Malayan Banking
Hong Kong
Affinity Equity Partners US$ 240 (380) 60 Term Loan CTBC, Cathay Financial Holdings
US$ 15 60 Revolver/Line >= 1 Yr. CTBC, Cathay Financial Holdings
China Power International Development US$ 500 102 (116) 36 Term Loan SCB
Dong Yin Development (Holdings) US$ 100 215 (230) 36 Term Loan Fubon Financial Holding
Meihua Holdings Group US$ 200 170 (210) 36 Term Loan SCB
Swift Astute US$ 5 275 (289) 36 Term Loan Malayan Banking, DBS
India
Birla Carbon US$ 450 36 Term Loan ANZ, CA-CIB, Axis Bank, ICICI, BNP
US$ 150 36 Revolver/Line >= 1 Yr. ANZ, DBS, Mizuho, BNP, SCB
State Bank of India US$ 750 36 Revolver/Term Loan SCB, Axis Bank, UOB, Barclays, HSBC
Indonesia
Mitra Pinasthika Mustika Finance US$ 100 150 (175) 36 Term Loan BTMU, OCBC, Mizuho
¥ 10,606 90 (115) 36 Term Loan OCBC, BTMU, Mizuho
Macau
Bank of Communications Macau US$ 150 60 (73) 12 364-Day Facility HSBC
US$ 150 71 (81) 24 Term Loan HSBC
Malaysia
FLY Leasing US$ 1,300 60 Term Loan CBA, Citi, BNP, DB
Taiwan
Cheng Loong Corp NT$ 6,000 60 Term Loan Hua Nan Financial Holdings
Thailand
Gulf Power Generation US$ 600 282 Term Loan Japan Bank for International Cooperation,
Asian Development Bank
Bt 18,786 282 Term Loan BTMU, SMFG
Vietnam
Joint Stock Commercial Bank for Industry US$ 100 130 (165) 36 Term Loan ANZ
and Trade of Vietnam
Source: Thomson Reuters LPC
LAST WEEK’S ECM DEALS
Stock Country Date Amount Price Deal type Bookrunner(s)
Bharat Dynamics India 15/03/18 Rs9.6bn Rs428 IPO (Secondary) IDBI Capital, SBI Capital, Yes Securities
Bandhan Bank India 19/03/18 Rs45bn Rs375 IPO (Primary/Secondary) Axis, Goldman Sachs, JM Financial, JP Morgan, Kotak
China Xinhua Education Group China 19/03/18 HK$1.3bn HK$3.26 IPO (Primary) Macquarie, ABC International, CMB International, First Capital Sec
Jindal Steel and Power India 20/03/18 Rs12bn Rs233 Follow-on (Primary) Axis, ICICI Securities, JM Financial, SBI Capital
Hindustan Aeronautics India 20/03/18 Rs42bn Rs1,240 IPO (Secondary) Axis, SBI Capital
Sasseur REIT Singapore 20/03/18 S$396m S$0.80 IPO (Primary) BOC Limited (Singapore), DBS, CICC, Citigroup, Credit Suisse,
Haitong Sec, Maybank.
Lifestyle International Holdings Hong Kong 20/03/18 HK$4.45bn HK$12 Follow-on (Secondary) UBS
Lifestyle China Group Hong Kong 20/03/18 HK$753m HK$2.03 Follow-on (Secondary) UBS
WuXi Biologics China 21/03/18 HK$4.69bn HK$70 Follow-on (Primary/ Morgan Stanley
Secondary)
Sunlands Online Education China 22/03/18 US$149.5m US$11.50 IPO (Primary) Credit Suisse, Goldman Sachs, JP Morgan
Tencent Holdings China 22/03/18 HK$76.95bn HK$405 Follow-on (Secondary) Bank of America Merrill Lynch, Citigroup, Morgan Stanley
Source: IFR Asia
LAST WEEK’S EQUITY-LINKED ISSUANCE
Issuer Country Date Amount Greenshoe Maturity Coupon (%) Premium (%) Bookrunner
Cromwell Property Group Australia 21/03/18 €230m €20m 2025 2.5 7.5 Credit Suisse, Goldman Sachs
Source: IFR Asia