Asian loan volumes are poised for a rebound in 2024 thanks to expected deal flows in Australia and India that should help offset the dent from China’s economic slowdown.
That’s the view of a number of bankers who recently gathered at the Asia Pacific Loan Market Association conference in Singapore. AirTrunk’s A$4.6 billion loan last month, Australia’s largest syndicated deal this year, and Adani Group’s talks for borrowings to refinance $3.5 billion of debt are among signs of the likely pickup in activity in those two countries.
But a revival in sponsor-backed merger and acquisition activity, along with an expected end to the rate-hike cycle by most major central banks could help change the dynamic next year. Loan volumes in the region will likely rise at least 10% in 2024, according to Amit Khattar, Asia Pacific head of investment banking and co-head of global financing and credit trading at Deutsche Bank AG.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cricket-Ruthless India rout Sri Lanka to win Asia Cup as paceman Siraj shinesCOLOMBO (Reuters) -India lifted the Asia Cup after routing defending champions Sri Lanka by 10 wickets in the final with Mohammed Siraj claiming a ...
Read more »
Asia Stocks Look Set to Fall on Wall Street Losses: Markets WrapAsian equities look set to open lower following tech-led declines on Wall Street Friday as investors look ahead to a week that includes Federal Reserve and Bank of Japan meetings.
Read more »
Asia Stocks Look Set to Fall on Wall Street Losses: Markets Wrap(Bloomberg) -- Asian equities look set to open lower following tech-led declines on Wall Street Friday as investors look ahead to a week that includes Federal Reserve and Bank of Japan meetings. Most Read from BloombergWall Street Comes to Grips With How Wrong It’s Been in 2023MGM Resorts Hackers Broke In After Tricking IT Service DeskThe World Is Struggling to Make Enough DieselHouse Republicans Prepare to Turn US Government Shutdown Into Immigration ClashUltra-Rich Buy Ultra-Luxury Counseling
Read more »
China’s Contagious Crisis, Singapore Fun: Saturday Asia BriefingYour weekend reading.
Read more »
Cricket-Sri Lanka's Theekshana out of Asia Cup final due to injury(Reuters) - Sri Lanka spinner Maheesh Theekshana will miss the Asia Cup final against India after sustaining a hamstring injury during their win over ...
Read more »