Abn Amro Struck Most Loan Deals In 2001

ABN Amro was the top arranger of syndicated loans in India in 2001 with nine deals worth $ 366.5 million. It was followed by State Bank of India (SBI) and Citigroup-Salomon Smith Barney, according to Thomson Financial Corporation Hong Kong's 2001 Asia Pacific debt year end report.

Of the total syndicated loans of $ 2.42 billion raised in 2001, SBI, which had four deals worth $ 311.8 million to its credit, accounted for 12.9 per cent share of the market. ABN Amro had a share of 15.2 per cent.

According to the report, Citigroup-SSB was the arranger for half-a-dozen syndicated loans amounting to $ 305.2 million and was followed by ANZ's $ 260 million.

 

During 2001, Thomson Financial recorded debt capital market activity in the Asia-Pacific region at $ 336.4 billion compared $ 367.2 billion, representing a decrease of 8 per cent. It said that a downturn in the volumes in Asia, excluding Japan, contributed to the weakness.

In the region, fund raising from syndicated loans and bonds dropped 16 per cent to $ 136.3 billion in 2001 against $ 163.1 billion a year ago. Bond issues, however, increased during 2001 to $ 52.3 billion compared to $ 44.9 billion in 2000 - a 16.48 rise.

Aggregate syndicated loans amounted to $ 84 billion in 2001, a 29 per cent drop from $ 118.1 billion in 2000. Citigroup-Salomon Smith Barney increased their market share, cornering about 10 per cent share of the Asian Syndicated loans market. HSBC and National Australia Bank also improved their market shares, claiming the second and third slots.