Tao's view

BNP''s loans boss Clarence Tao discusses the outlook for the syndicated loan market in Asia.

Are volumes likely to be lower this year

Tao First of all, compare last year's volume to the year before and it was a 10% drop. And I really don't think there will be a substantial pick-up in loan volume this year vis-à-vis last year. My hope is that intra-Asian MA activities may drive volumes.

Will there be a lot of sovereign borrowing

There may be more sovereign activity this year. Thailand was rumoured, for example.

A lot of countries have rebuilt their foreign exchange reserves and feel they are in a position to source some financing at pretty good rates.

Is the India...

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