ASIA DATA
LAST WEEK’S ECM DEALS
Stock Country Date Amount Price Deal type Bookrunner(s)
Hyundai Rotem South Korea 02/05/18 W230bn W28,000 Follow-on (Secondary) Citigroup
Sarimelati Kencana Indonesia 03/05/18 Rp1trn Rp1,100 IPO (Primary/Secondary) CIMB, CLSA, Mandiri
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 382.073 0.099 –0.812 –1.253 136
ADHY Asian-dollar high-yield index 601.698 –0.388 –1.085 –2.456 430
AGIG Asian-dollar government high-grade index 354.006 0.030 –1.236 –1.948 124
AGHY Asian-dollar government high-yield index 707.823 –0.578 –1.036 –3.557 355
ACIG Asian-dollar corporate high-grade index 407.685 0.124 –0.666 –1.011 141
ACHY Asian-dollar corporate high-yield index 494.780 –0.350 –1.094 –2.226 445
Source: Merrill Lynch
ASIAN SYNDICATED LOAN PIPELINE UPDATES WEEK OF 30 APRIL
Company Currency Size (m) Margin (All-in) Tenor (mths) Facility Arrangers
Cambodia
PRASAC Microfinance Institution US$ 50 425 (429) 36 Term Loan Cathay Financial Holdings, Taichung Commercial Bank,
TCB
China
Genius Auto Finance Rmb 390 546.25 (570) 24 Term Loan CA-CIB, SMFG, Korea Development Bank, SCB
Rmb 390 500.25 (539) 12 Term Loan Korea Development Bank, SCB, CA-CIB, SMFG
Great Wall Guoxing Financial Leasing Rmb 500 500.25 (579) 12 Term Loan Fubon Financial Holding Co Ltd
Sinopharm Holding (China) Finance Leasing Rmb 1,000 546.25 (570) 36 Term Loan China Cinda Asset Management Co Ltd
Xinjiang P&C Corps Agri Division VIII Xinjiang Rmb 700 551 (665) 24 Term Loan DBS
Tianshan Aluminum Plant
Hong Kong
Agile Group Holdings HK$ 6,000 395 (520) 48 Term Loan SCB, HSBC, Hang Seng Bank Ltd
China Aviation International Holdings US$ 200 150 (165) 36 Term Loan CCB, First Abu Dhabi Bank
Cinda International Holdings HK$ 400 145 (168) 36 Term Loan Cathay Financial Holdings Co Ltd
United Asia Finance HK$ 1,600 190 (220) 48 Term Loan Fubon Financial Holding Co Ltd, SCB, Mizuho
India
Oil & Natural Gas Corp (ONGC) US$ 1,000 12 Revolver/Term Loan
Indonesia
Medco Ratch Power Riau US$ 240 Term Loan Asian Development Bank, World Bank
Korea (South)
Hyosung Vina Chemicals US$ 1,000 240 (252) 72 Term Loan Export-Import Bank of Korea, Korea Development Bank
Singapore
Aver Asia (S) S$ 100 275 (295) 60 Term Loan Malayan Banking Bhd
Taiwan
Hongwell New Taipei NT$ 3,000 88 60 Term Loan First Financial Holding Co Ltd
NT$ 300 60 Guarantee First Financial Holding Co Ltd
Rih Ding Water Enterprise NT$ 3,301 178 120 Term Loan Mega
NT$ 3,600 178 120 Term Loan Mega
NT$ 309 100 120 Guarantee Mega
NT$ 300 178 120 Term Loan Mega
Vietnam
Vinfast Trading and Production LLC US$ 400 350 60 Term Loan CS, HSBC, ICBC, Malayan Banking,
Fubon Financial Holding
Source: Thomson Reuters LPC
LAST WEEK’S EQUITY-LINKED ISSUANCE
Issuer Country Date Amount Greenshoe Maturity Coupon (%) Premium (%) Bookrunner
Zhongsheng Group China 4/5/2018 HK$3.925bn 2023 0 27.5 JP Morgan
Source: IFR Asia