ASIA DATA
LAST WEEK’S ECM DEALS
Stock Country Date Amount Price Deal type Bookrunner(s)
Pinduoduo China 26/07/18 US$1.63bn US$19 IPO (primary) CICC, Credit Suisse, China Renaissance, Goldman Sachs
Ascletis Pharma China 26/07/18 HK$3.1bn HK$14 IPO (primary) China Merchants Securities, Goldman Sachs, Morgan Stanley
Aurora Mobile China 26/07/18 US$76.5m HK$8.5 IPO (primary) Credit Suisse, Deutsche Bank, Goldman Sachs
Cango China 26/07/18 US$44m US$11 IPO (primary) Bank of America Merrill Lynch, Goldman Sachs, Morgan Stanley
Invincible Investment Japan 25/07/18 US$374m ¥45,776 Follow-on (primary) Mizuho Securities, Morgan Stanley, SMBC Nikko, Citigroup, Normura
Evolution Mining Australia 16/07/18 A$257m A$2.79 Follow-on (secondary) Citigroup, JP Morgan
Opera China/Norway 27/07/18 US$115m US$12 IPO (primary) CICC, Citigroup
Source: IFR Asia
ASIAN SYNDICATED LOAN PIPELINE UPDATES WEEK OF 23 JULY
Company Currency Size (m) Margin (All-in) Tenor (mths) Facility Arrangers
Australia
Crookwell II Wind Project A$ 200 Revolver/Term Loan
Investa Office Fund A$ 3,000 200 60 Revolver/Term Loan Citi, DB, NAB
Junior Adventures Group A$ 140 550 72 Term Loan Nomura, CS
A$ 10 550 72 Revolver/Line >= 1 Yr. Nomura, CS
State Bank of India Sydney A$ 100 93 (105) 36 Term Loan CTBC, Mizuho
A$ 100 126 (133) 60 Term Loan CTBC, Mizuho
China
eHi Car Services US$ 200 350 (440) 36 Term Loan DB
Sinochem Hongrun Petrochemical US$ 250 310 (388) 36 Term Loan Natixis
Hong Kong
CMB International Leasing Management US$ 400 95 36 Term Loan ABC, ICBC
CNCB (Hong Kong) Investment US$ 500 165 (180) 36 Term Loan Mizuho, HSBC, ICBC, CCB
Fortune Oil PRC Holdings US$ 400 225 (275) 36 Term Loan UBS
Huarong Investment Stock Corp HK$ 3,000 220 (260) 12 364-Day Facility CS
Tianyi (Summi) Holdings US$ 80 350 (388) 36 Term Loan HSBC
Indonesia
Grasberg Copper and Gold Mine US$ 5,000 Term Loan PT Bank Mandiri Persero
Antam US$ 170 60 Term Loan
Indomobil Finance Indonesia US$ 100 110 (133) 36 Term Loan OCBC, ANZ, CIMB, DBS, SMFG
Indonesia Asahan Aluminium Persero US$ 4,000 18 Bridge Loan OCBC, SMFG, HSBC, BTMU, BNP
Perusahaan Listrik Negara (Persero) US$ 1,200 102.32 (118) 60 Term Loan BoC, UOB, SMFG, Mizuho, Citi
US$ 300 85 (104) 36 Revolver/Line >= 1 Yr. UOB, BoC, SMFG, OCBC, ANZ
Japan
Asahi Kasei Corp US$ 1,060 Term Loan
Invincible Investment Corp ¥ 13,119 50 60 Term Loan Mizuho
¥ 13,120 40 48 Term Loan Mizuho
¥ 10,761 30 36 Term Loan Mizuho
¥ 2,359 30 36 Term Loan Mizuho
¥ 1,099 20 12 Term Loan Mizuho
Taiyo Nippon Sanso Corp € 5,000 Bridge Loan
New Zealand
Waikeria Prison NZ$ 525 Revolver/Term Loan Mizuho, KfW, BTMU, Natixis, ANZ
Singapore
Louis Dreyfus Co Asia US$ 500 90 (147) 36 Revolver/Line >= 1 Yr. UOB, DBS, ABC, ANZ, Westpac
Trafigura Group US$ 1,500 Term Loan OCBC, DBS, SMFG, ICBC, ANZ
Taiwan
E-Da Development Corp NT$ 3,000 141 180 Term Loan Land Bank of Taiwan
NT$ 5,000 141 180 Term Loan Land Bank of Taiwan
NT$ 730 141 180 Term Loan Land Bank of Taiwan
Neo Solar Power Corp NT$ 10,000 Term Loan
YFY Inc NT$ 6,000 60 Term Loan
NT$ 3,000 60 Term Loan
Source: Thomson Reuters LPC