Bilateral loans grow at expense of syndications

Slowing corporate demand for loans in Asia is increasingly pushing banks to clinch bilateral deals rather than execute syndications. While no one is calling the end of the loan syndications market, bilaterals have quickly risen in popularity — and for now, are offering a win-win solution to lenders and borrowers. Shruti Chaturvedi reports.

  • By Shruti Chaturvedi
  • 09 Nov 2017
Asian syndicated loan volumes are on course for a year-on-year drop, marking the third consecutive year of decline. Asia ex-Japan syndicated deals booked so far this year stand at $105bn, down from $141bn in the corresponding period a year ago, according to data from Dealogic. Activity too has ...

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Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 Industrial and Commercial Bank of China (ICBC) 35.00
2 China CITIC Bank Corp 30.00
3 China Merchants Securities Co 17.00
4 HSBC 5.00
4 Standard Chartered Bank 5.00

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Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 5,061.71 11 11.32%
2 Huatai Securities Co Ltd 3,404.45 12 7.62%
3 Citi 2,574.12 16 5.76%
4 UBS 2,554.62 13 5.71%
5 CITIC Securities 2,314.61 9 5.18%

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Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 4,546.69 36 7.39%
2 Citi 4,069.98 24 6.62%
3 Goldman Sachs 3,658.91 12 5.95%
4 JPMorgan 3,357.93 14 5.46%
5 Morgan Stanley 3,085.35 21 5.02%

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