Asian borrowers draw down revolvers as bankers brace for liquidity crunch
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Asia

Asian borrowers draw down revolvers as bankers brace for liquidity crunch

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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.

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