The leveraged loan market in Asia remains liquid in spite of volatility in the US as Asian banks are still keen to lend while private equity sponsors have capital to deploy in the region.
In the US, pricing on leveraged loans flexed up in August and at least one Asia borrower HCP Global was forced to pull a deal.
But, according to data provider Dealogic, Asia ex-Japan leveraged loan volumes have chalked up $107 billion year-to-date, only slightly lower than the $120 billion raised during the same period last year.
Leveraged loans as a class have posted a major comeback since 2012, when...
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