APAC Chart of the Week: Club deals increase share of APAC (ex-Japan) loans in 7M20
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CloseAPAC Chart of the Week: 26th August 2020
Club loans have accounted for a larger share of the total syndicated and club borrowings by the Asia Pacific (ex-Japan) companies in the first seven months of 2020, amid a fall in the overall loan volumes in the region during the period.
In 7M20, clubs have accounted for 48.2% of the total USD 178.31bn-equivalent syndicated and club loans raised from the region, up from the 37.1% share in the same period last year and 33.6% in 7M18.
The overall syndicated- and club-loan volumes from the region declined 20.7% YoY in 7M20.
Australian companies, the largest contributors to club loans, completed USD 30.46bn such deals in 7M20, which is more than half of the country’s total of USD 60.34bn for the period. By comparison, clubs contributed 35.2% of USD 55.17bn in 7M19 and 40.1% of USD 59.28bn in 7M18.
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