Opportunistic FIG borrowers bring respite

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By Shruti Chaturvedi
13 Oct 2016

An increase in fundraising from financial institutions this year has helped an otherwise sluggish Asia ex-Japan syndicated loan market, as borrowers have found opportunistic windows to cut costs and extend maturities. But as corporate credit growth has slowed, bankers are sceptical about business prospects from the FIG sector, writes Shruti Chaturvedi.

Asia’s loan market has had to contend with falling volumes amid a slowdown in corporate spending and capital expenditure.

However, one sector — financial institutions — has bucked the downtrend. Dollar and euro loans from Asia ex Japan FIG names grew 1.7% year-on-year to $3.2bn, according to ...

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