The Asset
Regional Awards 2018
Best Deals - M&A / Structured Finance
Best domestic M&A
ESR Reit S$936.7 million acquisition of Viva Industrial Trust
The acquisition represented the first consolidation among Singapore’s Reits creating the fourth largest industrial Reit in this market.
Financial advisers:
Bank of America Merrill Lynch, Citi, RHB Securities, United Overseas Bank
Best cross-border M&A
MUFG’s acquisition of a 40% stake in Bank Danamon from Fullerton Financial Holdings
The deal re-opens the major bank M&A market in Indonesia and marks a rare entry by a foreign bank taking a controlling stake.
Financial advisers:
Credit Suisse, J.P. Morgan, Mitsubishi UFJ Morgan Stanley Securities, UBS
Best syndicated loan
Reliance Industries US$2.653 billion term loan facilities
The largest-ever syndicated loan by Reliance and the most widely syndicated loan deal by the company.
Senior mandated lead arrangers and bookrunners:
ANZ, Bank of America Merrill Lynch, Barclays, BNP Paribas, Bank of Nova Scotia, Citi, Credit Agricole CIB, DBS, First Abu Dhabi Bank, HSBC, Mizuho, MUFG, Societe Generale CIB, Standard Chartered, Sumitomo Mitsui Banking Corporation, United Overseas Bank, Westpac Banking Corporation
Best cross-border securitization
Bayfront Infrastructure Capital US$458 million collateralized loan obligation
The first project finance collateralized loan obligation transaction in Asia creating a new source of liquidity for project finance.
Sponsor:
Clifford Capital
Global coordinators and lead managers:
Citi, Standard Chartered
Lead managers:
DBS, HSBC, SMBC Nikko
Best domestic securitization
Beijing Jingdong Century Trade Company 1 billion renminbi asset-backed notes Series 1
The first internationally rated Chinese unsecured consumer loan ABS and first under the asset-backed notes (ABN) scheme with credit approval based on big data.
Originator:
Beijing Jingdong Century Trade Co., Ltd
Financial adviser:
HSBC
Lead underwriter:
Bank of China
Underwriters:
HSBC, Standard Chartered
Best fintech securitization
Gamma Paramount Limited HK$500 million senior securitized lending facility
The first securitization financing transaction for a leading fintech company in Hong Kong.
Originator:
WeLend Limited
Arranger:
Citi
Best LBO
Belle International Holdings HK$30 billion senior syndicated term loan facility
The largest-ever sponsor-led dividend recapitalization transaction in Asia-Pacific. The facility was part of an amendment and was an upsized exercise of the original HK$28 billion senior secured credit facilities which supported the privatization of Belle International in 2017.
Original mandated lead arrangers, bookrunners and underwriters:
Bank of America Merrill Lynch, HSBC
Mandated lead arrangers and bookrunners:
Bank of China (Hong Kong). Bank of China Macau, Bank of China Singapore, China CITIC Bank International, China Merchants Bank, China Minsheng Banking Corporation Hong Kong, China Minsheng Banking Corporation Shanghai Pilot Free Trade Zone, DBS, ICBC (Asia), ICBC Seoul, MUFG Bank, Sumitomo Mitsui Banking Corporation
Lead arrangers:
Nanyang Commercial Bank, Wing Lung Bank
Arrangers:
CTBC Bank, Shinhan Asia, Yuanta Commercial Bank, KGI Bank, Siemens Banking Singapore
Best acquisition financing
Tsinghua Unigroup 1.50 billion euro bridge financing to acquire Linxens SAS
To finance the 100% acquisition of French smartcard components marker, one of the high profile offshore M&A transaction by a Chinese state-owned enterprise in recent years.
Sole coordinator, mandated lead arranger and bookrunner:
Credit Suisse
Mandated lead arranger, bookrunner and underwriter:
Natixis
Mandated lead arranger:
Deutsche Bank
Participant:
ICBC
Best innovative deal
Bank of Communications 9.314 billion yuan residential mortgage-backed securities
The transaction represented the first time that blockchain technology was applied in a capital market transaction.
Mandated lead underwriter and bookrunner:
China International Capital Corporation
Underwriters:
China Merchants Securities, Everbright Securities, Haitong Securities, ICBC