Dec
22
Australia Inc. Loans Can’t Get Much Cheaper Than This, Banks Say
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Syndicated loan volumes have fallen 27% from last year
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`We have largely seen the bottom for loan pricing’: ANZ
Australian companies have been spoiled by cheap loans for long enough. Life may not be so easy in 2016.
After competition squeezed syndicated loan margins to less than 1 percent over the last two years, arrangers including Australia & New Zealand Banking Group Ltd. say the bottom may have been reached. Shipbuilder Austal Ltd. paid just 75 basis points over the London interbank offered rate for three-year debt last month, the least in Bloomberg-compiled data for 2015…
Australia Inc. Loans Can’t Get Much Cheaper Than This, Banks Say
