EM borrowers recoil from loans as lenders demand tougher terms

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By Mariam Meskin
14 May 2020

Emerging market borrowers are turning their noses up at the terms on offer in the loan market, which have become dearer during the coronavirus pandemic. Lenders say they are willing and ready to lend, but are not ready to concede on their terms, writes Mariam Meskin.

So far this year, 62 loans have been signed across Africa, central and eastern Europe and the Middle East, with a total volume of $48.8bn. According to Dealogic, that is 56% fewer deals than this period last year, which was one of the most challenging times for the loan market ...

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