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APAC Chart of the Week: APAC samurai-loan volumes exceed 2019 levels; Indian borrowers take largest share

APAC Chart of the week: 11th November 2020

The volume ofSamurai syndicated and club loans obtained by Asia Pacific companies so far this year has exceeded that in the entire 2019. Such loans have reached USD5.11bn-equivalent from 22 deals in YTD this year, up 2.25% from USD 5bn via 26transactions for the full year 2019.

Indian corporates accounted for the largest share of these loans by value, claiming 43% of the total loans completed in2020-to-date, compared with 44.3% in 2019. Australian firms’ share fell to8.5%, from 25% in 2019.

Last week, Warburg Pincus-backed logistics real-estate company ESR Cayman Ltd closed its debut, JPY 15bn, three-year, Samurai loan. In October, NTPC Ltd signed an upto JPY 50bn loan from Japanese lenders to fund its solar-power and environmental-equipment installation projects, according to a Japan Bank for International Cooperation announcement.

The Indian state-owned power producer also closed JPY 80.5bn dual-tranche loan in March this year, which was the largest-ever syndicated/club Samurai loan for an Asia Pacific corporate.

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