‘Club loans harm underwriting and margins’

Club deals are damaging the loan market and are the "bane" of syndication heads, the Asia Pacific Loan Market Association’s annual conference in Singapore heard on Thursday.

  • 03 Jun 2011

Around 30% of deals this year have been club transactions, according to figures from ANZ, inhibiting opportunities for underwriting and pushing pricing to artificially low levels.

"Two of the most offensive four letter words in the English language are ‘club’ and ‘deal’," said John Corrin, chairman of the APLMA ...

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