Real estate is second largest sector in Asia Pacific ex Japan syndicated loan market
Scentre Management has obtained a AUD $230 million five-year fundraising through joint mandated lead arrangers Credit Agricole CIB and SMBC on a club basis. Proceeds are to repay existing indebtedness.
Real estate is the second largest sector for Asia Pacific ex Japan loan volume in 2015 YTD. Volume has reached $45.8 billion via 118 deals so far this year, a 39% drop on the $74.5 billion via 166 deals borrowed in the same 2014 period.
Australia loan volume totals $64.1 billion in 2015 YTD, down...