The volume in the syndicated loan market closed at US$72.5 billion for the calendar year 2017 – in line with the US$72.8 billion raised during 2016. Q4 2017 lending decreased by 32.5 percent to US$19.8 billion compared to US$29.3 billion in Q4 2016.
Domestic banks continued to face intense competition from the offshore banks in Q4, with a number of Asian lenders more than doubling their share of syndicated and club loans in Australia since 2015 (Source: Market Monitor, LoanConnector). As a result, the market saw a number of oversubscribed transactions and a tightening of pricing throughout the year.
Notable transactions for the quarter include: