Bankers long for ‘mini-crisis’ as loan margins plummet

Painfully low margins on recent loans have led to bankers blaming Chinese lenders for being far too aggressive and driving down pricing. But there is no respite coming their way. While bankers feel helpless about the direction in which pricing is moving, they say that their only solution is to ride out the storm until prices rebound, writes Rashmi Kumar.

  • 10 May 2013
This week has seen a number of Hong Kong property companies hit the loan market to raise funds. While this demonstrates a shift from bonds that loans bankers welcome, the margins on these deals have worried them. For example, Regal Real Estate Investment Trust priced its HK$4.8bn ($619m) ...

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1 Bank of America Merrill Lynch (BAML) 3,136 9 13.58
2 Citi 2,562 6 11.09
3 Goldman Sachs 2,150 3 9.31
4 Credit Suisse 1,822 6 7.89
5 Societe Generale 1,814 4 7.86

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