Asian borrowers draw down revolvers as bankers brace for liquidity crunch

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By Rashmi Kumar
19 Mar 2020

A number of companies in Asia are understood to be following their European and US peers in drawing down revolving credit facilities as the rapid spread of Covid-19 bites. While this could pose some liquidity challenges in the loan market in the coming weeks, bankers are hoping the pain will be short-lived. Rashmi Kumar reports.

Markets have had to quickly adapt in the past few days as Covid-19 infections and the death toll continue to rise. Close to 9,000 people have died as a result of the disease globally, with confirmed cases also rising. While the pressure on China has lifted somewhat, European ...

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