Dollar loan sales for the first half across Asia excluding Japan tumbled to their lowest since 2010 as higher borrowing costs in the greenback deterred companies, who opted for other financing routes or looked to defer such plans if possible.
The amount of loans, which excludes bilateral facilities, declined 44% to about $45.5 billion in the period, the lowest since 2010 when $34.9 billion of deals were done in the first six months, according to data compiled by Bloomberg. The figure is in stark contrast with global US-currency loan sales, which jumped 37% to nearly $2 trillion in the first half of 2024, the highest in three years.
