A total of 55 Debt Offering deals (pending and completed) were announced in the Travel and Tourism of the Asia-Pacific region, in the last twelve months resulting in a total deal value of over $9,053.3 million. In the LTM period, September 2021 turned out to be the most prolific in terms of deal size, with a total deal value of $2,904.2 million, resulting in an average deal value of $322.7 million during that month. On the other hand, the month of June 2021 was the most prolific in terms of deal volume, recording a total of 11 deals, resulting in an average deal value of $110.5 million during that month.
Of the 55 deals, the deal secured between Barclays Bank Plc; Deutsche Bank AG; J.P. Morgan Securities LLC; Standard Chartered Plc and Mumbai International Airport Pvt Ltd, was the largest Debt Offering deal in the Asia-Pacific Travel and Tourism sector, which was valued at $539.2 million and was completed on August 26, 2021. The second-largest deal was between Sun Capital Partners Inc and VIP Global, while the third-largest deal was between Maybank Singapore Limited and Worldwide Hotels Group. The Sun Capital Partners Inc-VIP Global deal and the Maybank Singapore Limited-Worldwide Hotels Group deal were valued at $380.0 million and $306.3 million, respectively. The fourth-largest deal was between Bank of America Corp; National Australia Bank Ltd; Societe Generale SA; Westpac New Zealand Ltd-KiwiRail Holdings Ltd valued at $245.8 million, whereas the deal between Mizuho Bank Ltd; Oversea-Chinese Banking Corp Ltd-Frasers Property Limited valued at $131.3 million was the fifth-largest deal.
Cumulatively, the top five deals amounted to $1,602.6 million and accounted for nearly 17.70% of the total deals (by value) announced during the last twelve months. The Asia-Pacific region accounted for 28.75% of the total Debt Offering deals done globally, and accounted for 7.96% of the total deal size on a global scale.
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