APAC lending hits three-year low

摘要

Syndicated loan volumes in Asia-Pacific, excluding Japan, fell for the second consecutive year, slipping to a three-year low as slower economic growth and geopolitical turbulence curtailed bank lending despite a surge in M&A activity in China. Last year's total of US$462.8bn from 1,290 transactions was down 1.8% from US$471.26bn in 2015, and is the lowest annual figure since 2013, when US$462bn was raised from 1,289 deals. Fourth-quarter 2016 volume of US$103.14bn was also the lowest tally for the period since 2012 and down 1.85% year-on-year.