Loan volume to shoot up, but lev loans will have to pay price

By Rashmi Kumar
25 Jul 2013

Asian loans bankers are in high spirits, thanks to a combination of a liquid market and a healthy pipeline. But as more companies shun bond issuance to tap the more stable loan market, the rise in dealflow means leveraged borrowers will be at a disadvantage — and should prepare to shell out juicier margins, writes Rashmi Kumar.

Oil and gas company Hilong Holding, which made its debut in the loan market this week by launching a $150m three year deal, is one such example. The Chinese company had planned to issue a bond in early June, but ditched its plans after fears over the end ...

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