Loans with three and five-year tenors made up almost half (48 per cent) of all the loan volume in Asia Pacific (ex-Japan), according to the latest APAC league table. Facilities with a three-year tenor represented volume of US$42.5 billion and were the most popular option for corporate purpose loans, amounting to US$11.1 billion at the end of 1H2017. Loans with a five-year tenor were the most attractive option in the region, making up 25.4 per cent, or US$46.9 billion of volume, in the region by the end of 1H2017. Most five-year loans (US$21 billion) were used for refinancing.The APAC (ex-Japan) mandated arranger loan league table shows the top spots on the list remained unchanged from the close of 1Q 2017, with ANZ holding third spot, from almost US$8.4 billion in loans which were arranged, just shading the US$7.9 billion by HSBC.Bank of China, which has been an arranger or joint arranger of a touch over US$30 billion in loans (or 16.25 per cent of all APAC loans, ex-Japan in 1H 2017), heads the table.In the second quarter, the biggest movers up the rankings were Commonwealth Bank of Australia (up seven spots to 11, courtesy of arranging 40 loans worth US$4.3 billion) and Westpac Banking Corporation (up four spots to 16; US$3.1 billion, 41 deals).Asia Pacific and Japan M&A volume stood at US$24.4 billion at the end of June 2017.The A$5.9 billion (US$4.5 billion equivalent) borrowed by Network Finance Co Pty Ltd was the largest M&A transaction of the first half in the region. The proceeds will be used to fund the acquisition of a 50.4 per cent interest in the state-owned Endeavour Energy by an investor group led by Macquarie Group's Infrastructure arm.Thomson Reuters analysis of the APAC regional loan market volume for Australasia, Southeast and South Asia showed that issuances in Australasia had reached US$36.7 billion via 100 deals by the end of 2Q 2017.