Grace Tam, managing director of Barclay's Asian loan operations and her colleague David Matthews discuss developments in the regional syndicated lending market.
What are your thoughts on the issue of liquidity in the secondary loan market in Asia Does it tend to suffer due to the fact that deals in the primary market are priced so aggressively
Matthews The reality is that the loan market has underpriced the secondary market since time immemorial. It's a factor in Europe just as much as it is here in Asia because you have a concept of relationship-defining deals. Banks want to be in the primary syndication because they want to be seen to be giving that support...
