Adalla Kim
China’s real estate markets are betraying liquidity concerns as sales volumes decrease and operations are delayed.
The bonds’ performance is linked to the number of confirmed cases and deaths from the coronavirus outbreak.
A glance at the data indicates good growth prospects for private debt in the region. Yet, according to market players, much remains to be done. Adalla Kim reports
Tens of thousands of SMEs already required emergency relief, and the government has announced a 12-fold increase in the budget.
The Swiss banking group’s foray into Asia-Pacific reflects how strategic partnerships have become more common among private credit boutiques across the region.
The real estate debt platform is the latest addition to CPDQ’s India private credit allocation.
The advisory group has found a decline in primary non-performing loan market activities involving domestic asset management firms.
SSG is the latest addition to the special situations managers that larger Western firms want to acquire to leverage on established local businesses in Asia.
The firm has garnered more than $100m to date for its second direct lending fund.
The trend of deteriorating covenants looms over lenders’ risk protections, yet Asia still ranks top in covenant quality globally.