Asian bankers confident they can keep reverse flexes out of their home markets

The recent success of a A$700m ($723.5m) loan from Nine Entertainment — which gave bankers a rare example of a reverse flex in Asia Pacific — has sparked fear in some quarters that last-minute cuts in margins could become a feature of the region’s loan market. But most bankers think that this is one trend they will be able to resist, writes Rashmi Kumar.

  • 08 Feb 2013
The reverse flex is still not a common feature of loan markets in Asia Pacific, but after media company Nine Entertainment was able to push down the margin on a recent US-targeted loan by 50bp following strong demand, some bankers worried the process would spread to more clients ...

Please take a trial or subscribe to access this content.

Contact Mark Goodes to discuss your access:

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: or find out more online here.

New! GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 7,171 21 10.72
2 Bank of America Merrill Lynch (BAML) 6,901 20 10.32
3 JP Morgan 4,776 10 7.14
4 Credit Suisse 4,718 9 7.05
5 Lloyds Bank 4,420 14 6.61

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 Oct 2016
1 Wells Fargo Securities 68,611.22 170 11.38%
2 Bank of America Merrill Lynch 59,056.08 169 9.80%
3 JPMorgan 56,861.85 163 9.43%
4 Citi 56,521.05 165 9.38%
5 Credit Suisse 44,888.95 123 7.45%