Mohsin says Asia is overbanked

Citigroup''s syndicated loan head, Mohsin Nathani says volumes will be way down this year. A shakeout beckons.

FinanceAsia What is the outlook for loan issuance in the second half of the year

Nathani From June onwards, we do have some potentially large fundraisings from Singapore, such as StarHub.

In Korea, there are some corporate financings such as LG Chemical which are due to come to market. In fact, LG is looking to mandate a group of banks soon. In addition Kia, Hyundai Motors etc are looking for potential fund raising. So corporate activity out of Korea may be a little better than we thought a few months ago. And the bank financings will continue.

There'll be quite a drop in issuance in Hong Kong. Last year volumes in the Hong...

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