APAC Chart of the Week: OCBC tops APAC (ex-Japan) green/sustainability loans league table in 2018-2020 YTD
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APAC Chart of the Week: 17th June
Oversea-ChineseBanking Corp (OCBC) has topped the mandated lead arranger (MLA) table by value for green- and sustainability-linked syndicated and club loans for Asia Pacific(ex-Japan) corporates on 1 January 2018-2020 to date.
During the period, borrowers in the region raised a total of USD 22.96bn such loans across 58 deals.
OCBC arranged loans with an aggregated principal of USD 2.1bn via 22 deals during the period. Of the deals, 13 were for Singaporean clients, while the rest were for corporates in Australia, China, Hong Kong, Indonesia, Malaysia, Myanmar, and Thailand.
DBS Bank came in second with USD1.77bn from 17 deals. HSBC followed closely with USD 1.73bn, although the bank was the most active by deal numbers, accounting for 23 transactions.
So far in 2020, green/sustainability-linked-loan volumes in the region were USD 3.7bn via 13deals, down 9.8% by value from the same period last year. In May, Malaysiantelecommunication conglomerate Axiata Group signed a USD 800m-equivalent first-ever shariah-compliant sustainability-linked loan, according to a company release. The deal is the largest sustainability-linked financing in 2020 YTD.
The Green Loan Principles were first published in March 2018 and Sustainability-Linked Loan Principles a year later in March 2019.