IFR International - 03.11.2018

ASIA-PACIFIC

AUSTRALIA

QANTAS INCREASES ASSET-BACKED LOAN

QANTAS AIRWAYSûSIGNEDûAû!Mû53M û

YEARûASSET
BACKEDûLOAN ûAFTERûTHEûFACILITYû
WASûINCREASEDûFROMûTHEû!MûTARGETû
BECAUSEûOFûANûOVERSUBSCRIPTION
BNP Paribas, National Australia Bank and
Standard Chartered were the mandated lead
ARRANGERSûANDûBOOKRUNNERSûOFûTHEûlNANCING û
WHICHûATTRACTEDûAûDOZENûLENDERSûINûGENERALû
SYNDICATIONûANDûWASûSEVENûTIMESû
OVERSUBSCRIBED
-ANDATEDûLEADûARRANGERSûAREûAgricultural
Bank of China, ANZ, Bank of China, Citigroup,
Commerzbank, Commonwealth Bank of Australia,
Credit Agricole CIB, Industrial & Commercial
Bank of China, MUFG and OCBCû,EADûARRANGERû
is Bank of Taiwan and arranger is E. Sun
Commercial Bank.
4HEûDEALûISûSECUREDûOVERûAûPOOLûOFûlXEDû
ASSETS ûINCLUDINGûAIRCRAFTûENGINES ûANDûPAYSû
INTERESTûMARGINSûTIEDûTOûTHEûLOAN
TO
VALUEû
RATIOSû4HISûGIVESûTHEûBORROWERûMOREû
mEXIBILITYûWHENEVERûCOLLATERALûISûADDEDûORû
REMOVED ûLEADINGûTOûPRICINGûANDORûCOLLATERALû
ADJUSTMENTS
4HEûINTERESTûMARGINSûAREûBP ûBPû
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 ûnûANDûLESSûTHANû û
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transport of passengers using two

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CARRIERû1ANTASûANDûLOW

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loan for SHANGHAI PHARMACEUTICALS (HK)

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for CARDINAL HEALTH (HK)ûTRANCHEû" û4HEû

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fee.

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ALL

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GROUPû.EVSUNû2ESOURCES

China Construction Bank is the sole

MANDATEDûLEADûARRANGERûANDûBOOKRUNNERûOFû

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SMELTERûINûTHEûCOUNTRY

ASIA-PACIFIC LOANS BOOKRUNNERS – FULLY
SYNDICATED VOLUME (INCLUDING JAPAN)
BOOKRUNNERS: 1/1/2018 TO DATE
Managing No of Total Share
bank or group issues US$(m) (%)

1 Mizuho 424 74,257.37 16.9
2 MUFG 668 54,650.74 12.4
3 Sumitomo Mitsui Finl 497 50,809.65 11.5
4 Bank of China  222 41,010.55 9.3
5 ANZ 80 18,811.45 4.3
6 HSBC 68 12,939.22 2.9
7 Standard Chartered  75 11,437.34 2.6
8 Credit Agricole 37 10,205.43 2.3
9 Indl & Comm Bank China 23 7,823.09 1.8
10 DBS 53 6,945.94 1.6
Total 2,451 440,344.73
Proportional credit
Source: Refinitiv SDC code: S3a