ASIA DATA
ASIAN SYNDICATED LOAN PIPELINE UPDATES WEEK OF 14 MARCH
Company Currency Size (m) Margin (All-in) Tenor (mths) Facility Arrangers
Australia
Qantas Airways A$ 250 122.5 60 Revolver/Term Loan
China
Swift Astute Rmb 782 36 Term Loan Malayan Banking, DBS
Hong Kong
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
Swift Astute US$ 5 275 36 Term Loan DBS, Malayan Banking
India
Birla Carbon US$ 450 36 Term Loan CA-CIB, BNP, ICICI, Citi, Mizuho
US$ 150 36 Revolver/Line >= 1 Yr. ICICI, SCB, DBS, BNP, ANZ
State Bank of India US$ 750 36 Revolver/Term Loan CA-CIB, First Abu Dhabi Bank, UOB, HSBC, Barclays
Indonesia
Mitra Pinasthika Mustika Finance US$ 100 150 (175) 36 Term Loan OCBC, BTMU, Mizuho
¥ 10,606 90 (115) 36 Term Loan BTMU, Mizuho, OCBC
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 DB, Citi, BNP, Commonwealth Bank of Australia
Taiwan
Cheng Loong Corp NT$ 6,000 60 Term Loan Hua Nan Financial Holdings
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)
Daiwa House REIT Investment Japan 09/03/18 ¥53bn ¥239,806 Follow-on (Primary) Daiwa, Morgan Stanley, Nomura
Tata Consultancy Services India 12/03/18 Rs90bn Rs2,872 Follow-on (Secondary) Citigroup, Morgan Stanley
Vinda International China 14/03/18 HK$544m HK$13.60 Follow-on (Secondary) Morgan Stanley
Oxley Holdings Singapore 15/03/18 S$80m S$0.51 Follow-on (Primary) Credit Suisse, DBS, Maybank
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 384.899 0.068 0.278 –1.702 123
ADHY Asian-dollar high-yield index 611.009 –0.060 0.261 –0.303 394
AGIG Asian-dollar government high-grade index 356.898 0.183 0.285 –2.231 113
AGHY Asian-dollar government high-yield index 713.193 –0.434 –0.145 –2.164 333
ACIG Asian-dollar corporate high-grade index 410.617 0.027 0.277 –1.521 126
ACHY Asian-dollar corporate high-yield index 503.214 0.015 0.341 0.083 407
Source: Merrill Lynch
LAST WEEK’S EQUITY-LINKED ISSUANCE
Issuer Country Date Amount Greenshoe Maturity Coupon (%) Premium (%) Bookrunner
OUE Singapore 13/03/18 S$154.75m 2023 1.5 10 HSBC
OUE Hospitality Trust Singapore 13/03/18 S$150m 2023 3 10 HSBC
Lotte Himart South Korea 14/03/18 W266.4bn W53.2bn 2023 0 16 BNP Paribas, Nomura
Source: IFR Asia