Chinese firms delay loans, wait for trade war to settle
The offshore loan market has been quiet this year as Chinese companies have either cut or postponed their fundraising plans. Having stocked up well with debt at the end of last year, and with the onshore market offering new opportunities, many borrowers are simply happy to sit by and wait as the US-China trade war rages on.
The flow of offshore syndicated loans from Chinese borrowers has slowed dramatically this year. A total of 27 syndicated loans worth $16.6bn have been closed offshore, representing a reduction of 58% compared with the same period last year, when 51 deals worth $39.6bn were sealed, according to Dealogic.Many ...
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