Will the loan market be more active this year than last, or about flat
Chan It will be flat. I don't see any particular trends that are going to drive more issuance.
Not perhaps greater sovereign issuance For example, India has hinted at a $2.5 billion loan
There is talk of this jumbo Indian deal but it may, or may not, happen. The Indian market is very special compared to others in Asia. India doesn't borrow a lot of money, so it is a rare borrower. On the other hand, the pricing expectations India has is different from what the rating agencies suggest. It is basically a BB country,...