Asia Pacific (excluding Japan) annual syndicated loan volume has reached an all-time high of US$461.9 billion via 1,289 deals in 2013, up 51% from the $306.6 billion via 1,024 deals completed in 2012, according to data from Thomson Reuters.
Financings for merger and acquisition activity made up 10% of Asia Pacific (ex. Japan) loan volume in 2013, reaching $46.2 billion, a 63% increase from the $28.4 billion closed in 2012.
Data also shows that the volume of loans raised in China alone reached a record $116.9 billion, doubling last year’s volume. Meanwhile, Hong Kong volume climbed to $79.2 billion, up 86% from a year ago, driven by China-linked companies’ offshore borrowing.
Bank of China maintains its top ranking from 2012. It captured 6.9% market share in 2013 by arranging 214 deals. China Development Bank arranged just 56 deals but took second spot with 6.5% market share.