Credit funds eye openings as more banks cut Asia lending
The number of lenders reducing their Asian exposure is seen to be growing fast amid the coronavirus crisis, leaving asset managers keen to fill the financing gap.
As more European banks – and increasingly also regional ones – further pull back from lending to clients in Asia amid the Covid-19 fallout, private credit managers are ramping up efforts to raise money to provide companies with financing and thereby tap the growing appetite among yield-hungry asset owners.
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