ASIA DATA
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 385.963 –0.334 0.255 0.963 149
ADHY Asian-dollar high-yield index 595.073 –0.466 –0.006 0.462 557
AGIG Asian-dollar government high-grade index 357.140 –0.865 –0.096 1.085 135
AGHY Asian-dollar government high-yield index 704.660 –1.486 –1.868 –0.117 425
ACIG Asian-dollar corporate high-grade index 412.031 –0.150 0.376 0.922 155
ACHY Asian-dollar corporate high-yield index 488.667 –0.267 0.362 0.573 582
Source: Merrill Lynch
LAST WEEK’S ECM DEALS
Stock Country Date Amount Price Deal type Bookrunner(s)
Larsen & Toubro Infotech India 02/09/18 Rs18bn Rs1,700 Follow-on (secondary) Axis, Citigroup, Goldman, HSBC, JM,Motilal
Ascendas REIT Singapore 06/09/18 S$452m S$2.54 Follow-on (primary) DBS, JP Morgan
Asahi Group Japan 05/09/18 ¥13bn ¥4,809 Follow-on (secondary) Nomura
Oceania Healthcare New Zealand 05/09/18 NZ$105m NZ$1.10 Follow-on (secondary) Deutsche Craigs, First NZ Capital , Macquarie
Zai Lab China 06/09/18 US$150m US$20 Follow-on (primary) Citigroup, JP Morgan, Jefferies, Leerink
Nearmap Australia 06/09/18 A$70m A$1.60 Follow-on (primary) Canaccord Genuity, Macquarie
Source: IFR Asia
ASIAN SYNDICATED LOAN PIPELINE UPDATES WEEK OF 3 SEPTEMBER
Company Currency Size (m) Margin (All-in) Tenor (mths) Facility Arrangers
Australia
First State Super A$ 1,600 Revolver/Term Loan NAB, RBC
Westconnex Acquisition A$ 1,100 Bridge Loan
Bangladesh
Summit LNG Terminal US$ 105 120 Revolver/Term Loan SMFG
China
CPI Ronghe Financial Leasing US$ 300 120 24 Term Loan BNP, SMFG, Westpac Banking Corp
Japan
Japan Oil Gas & Metals National Corp ¥ 20,971 12 Term Loan Mizuho
Sumitomo Chemical ¥ 20,000 Revolver/Term Loan SMFG
Taiwan
Alexander Marine NT$ 900 60 Term Loan Chang Hwa Commercial Bank
NT$ 200 60 Term Loan Chang Hwa Commercial Bank
NT$ 300 60 Term Loan Chang Hwa Commercial Bank
NT$ 900 60 Term Loan Chang Hwa Commercial Bank
NT$ 300 60 Term Loan Chang Hwa Commercial Bank
NT$ 200 72 60 Guarantee Chang Hwa Commercial Bank
Formosa II OWF NT$ 60,000 216 Term Loan
Source: Thomson Reuters LPC
LAST WEEK’S EQUITY-LINKED ISSUANCE
Issuer Country Date Amount Greenshoe Maturity Coupon (%) Premium (%) Bookrunner
Line Japan 4/9/2018 ¥36.58bn 2023 0 47 JP Morgan, Morgan Stanley, Nomura,
Goldman Sachs, Mizuho
Line Japan 4/9/2018 ¥36.58bn 2025 0 48 JP Morgan, Morgan Stanley, Nomura,
Goldman Sachs, Mizuho
Source: IFR Asia