Asia-Pacific Secondary Composite

Thomson Reuters LPC’s Asia Pacific Secondary Loan Composite, established in October 2007, was designed to provide greater transparency and increase liquidity in the region’s growing secondary market via monthly indicative valuations for Asia Pacific’s most liquid loans.

The Composite has quickly grown to more than 120 facilities with pricing provided by key banks leading the way in developing the region’s secondary loan market, including ANZ, BNP Paribas, Citigroup, Credit Agricole, GE Capital, Goldman Sachs, HSBC, Morgan Stanley, National Australia Bank, RBS, Standard Chartered Bank, UBS and WestLB.

The composite also includes a number of marks from the Thomson Reuters LPC mark-to-market pricing service, which provides daily prices on more than 4500 loan facilities globally. Thomson Reuters LPC’s pricing service works with many active loan dealers in North America and Europe to provide timely, unbiased valuations on assets around the world.

The Composite is published each month in basis point, and also is available at www.loanconnector.com and www.aplma.com.

Data as of May 29, 2015

CompanyMaturity DateCurrencyFacility Amt.
(US$Mils.)
Facility TypeSpread
(bps)
Avg. Bid
(% of par)
Avg. Offer
(% of par)
Change in
Avg. Bid
Australia / New Zealand
Australia Pacific LNG Pty Ltd5/23/2028USD2,875TL98.87599.8750.00
Babcock & Brown Power LtdAUDStrip4.6255.6250.13
BIS Finance Pty Ltd12/20/2016AUD225RCF37595.25097.250-0.50
BIS Finance Pty Ltd12/20/2016AUD65RCF32595.25097.250-0.50
BIS Finance Pty Ltd12/20/2016AUD660TL37595.12597.125-0.50
BrisConnections Finance Pty Ltd7/31/2018AUD3,150TL19046.30048.3003.45
Coates Group Pty Ltd7/8/2015AUD1,884TL35095.50097.500-1.50
Infigen Energy Ltd1/3/2023EUR9TL10082.25085.000-0.50
Infigen Energy Ltd1/3/2023EUR50TL17082.25085.000-0.50
Infigen Energy Ltd1/3/2023EUR32TL16080.33383.000-0.67
Infigen Energy Ltd1/3/2023EUR11TL16082.25085.000-0.50
RiverCity Motorway Finance Pty Ltd4/30/2016AUD668TL1508.37511.0000.21
Wiggins Island Coal Export Terminal Pty Ltd9/9/2018USD2,400TL30087.40093.200-1.27
YPG Finance Ltd8/31/2015NZD750PR45015.62517.125-0.21
China
China Hongqiao Group Ltd6/4/2017USD90TL32097.50099.2500.00
China Hongqiao Group Ltd6/4/2017USD490TL32097.50099.2500.00
Country Garden Holdings Co Ltd12/17/2018USD203TL92.50094.0000.00
Country Garden Holdings Co Ltd12/17/2018HKD2,925TL92.50094.0000.00
CSC Nanjing Tanker Corp12/21/2017USD193TL7081.50086.0003.50
Evergrande Real Estate Group Ltd4/1/2016USD200TL38090.00092.5001.50
Sinopec Century Bright Capital Investment Ltd4/28/2016USD5,000TL10399.15099.8880.00
Sonangol Finance Ltd7/22/2015USD2,500TL16099.500100.0000.00
Hong Kong / Macau
Citic Pacific Ltd9/29/2015HKD5,730RCF12099.125100.000-0.13
Giant Interactive Group Inc6/27/2019USD850TL45095.00096.5000.00
Hongkong Electric Co Ltd1/10/2017USD466TL99.00099.5830.00
Hongkong Electric Co Ltd1/10/2017HKD5,000TL99.00099.5830.00
Hongkong Electric Co Ltd1/10/2017USD1,500TL99.00099.5830.00
Hongkong Electric Co Ltd1/10/2017HKD16,000TL99.00099.5830.00
Jinmao (China) Investment Holdings Ltd9/2/2017USD250TL21095.75097.250-0.25
Jinmao (China) Investment Holdings Ltd9/2/2017HKD2,045TL21095.75097.250-0.25
Noble Group Ltd5/22/2015USD992RCF13098.96799.667-0.43
Shimao Property Holdings Ltd6/12/2018USD665TL33091.66796.3330.00
MGM Grand Paradise SA10/22/2017HKD11,310RCF25095.50097.250-0.25
MGM Grand Paradise SA10/22/2017HKD4,290TL25095.50097.250-0.25
Venetian Macau US Finance Co LLC9/20/2016USD3,200TL22596.00097.5000.00
Wynn Resorts Macau7/31/2018HKD8,706RCF25096.00097.7500.00
Wynn Resorts Macau7/31/2017USD433RCF25096.50098.0000.00
Wynn Resorts Macau7/31/2018HKD3,948TL25096.00097.7500.00
Wynn Resorts Macau7/31/2017USD243TL25096.50098.0000.00
India
Adani Power Ltd9/27/2018USD500TL33090.06392.000-2.56
Amtek Auto Ltd9/27/2017INR2,500TL87.93090.9300.00
Bharti International Pte Ltd6/7/2016USD2,200TLA19599.417100.0830.00
Bharti International Pte Ltd6/7/2016USD800TLB19599.417100.0830.00
ICICI Bank Ltd12/23/2016USD305TL99.500100.1250.00
Jindal Steel & Power (Mauritius) Ltd7/19/2018USD400TL29594.00096.5000.00
Reliance Communications Ltd4/14/2017USD255TL26097.25099.0000.00
Reliance Industries Ltd8/29/2017USD500TL17099.375100.0000.00
Reliance Industries Ltd5/19/2017USD2,000TL5198.12599.1250.25
Reliance Industries Ltd8/30/2018USD500TL24099.500100.2500.00
Reliance Industries Ltd8/11/2016USD1,091TL15099.875100.2500.00
Vedanta Resources Plc8/5/2018USD1,200TL27593.87596.375-1.38
Welter Trading Ltd5/16/2018USD560TL35795.75097.3750.00
Indonesia
Gold Bridge Shipping Corp2/18/2016USD685TL31574.00077.5003.00
PT Bakrie Sumatera Plantation10/27/2016USD228TL70073.33378.000-1.00
PT Borneo Lumbung Energi6/19/2017USD1,000TL56555.00072.5000.00
PT Bukit Makmur Mandiri Utama12/13/2019USD602TL40067.66775.667-0.33
PT Trans Retail12/30/2018USDTL97.00098.5000.00
Japan
Focus Media Holding Ltd10/14/2018USD200TL98.25099.2500.00
M Setek Co Ltd4/26/2016JPY35,000TL17093.50096.2501.00
Philippines
San Miguel Corp6/4/2018USD1,500TL23599.00099.7500.50
Singapore
Marina Bay Sands Pte Ltd12/25/2017SGD500RCF18597.83399.333-0.17
Marina Bay Sands Pte Ltd6/25/2018SGD4,600TL18597.83399.333-0.17
OLAM International Ltd11/19/2016USD825RCF99.43399.9170.00
OLAM International Ltd11/19/2017USD825TL98.66799.7330.00
Tata Steel Global Holdings Pte Ltd12/19/2019USD700TL28099.625100.2500.00
Tata Steel Global Holdings Pte Ltd12/19/2021USD800TL31599.625100.2500.00
South Korea
STX Pan Ocean Co Ltd9/9/2023KRW1,200TL (Post)20078.50082.500-2.50
STX Pan Ocean Co Ltd9/9/2023KRW1,684Trade Claim (Pre)36.00038.0000.00