Asia Pacific dollar loan volume outside Japan is projected to fall for a third year due to a lack of jumbo deals expected in the remaining months, bucking earlier growth predictions.
Borrowers raised over $111 billion in US-currency loans so far this year, excluding bilaterals, down 16% from the same period in 2023, according to Bloomberg-compiled data that tracks volume since 1999. If the trend holds for the rest of the year, this would be the first instance of three successive years of sales decline for the region.