Reported 12 months ago
Dollar loan sales in Asia, excluding Japan, hit their lowest point since 2010 due to increased borrowing costs in USD, prompting companies to seek alternative financing or delay plans. The volume of loans dropped by 44% to $45.5 billion, the lowest in over a decade, in contrast to the global trend of a 37% increase to nearly $2 trillion in the first half of 2024. Asian borrowers are turning away from USD funding due to higher interest rates and exploring other debt options like local-currency bonds and bank financing.
Source: YAHOO