Taiwan Banks Flee Worst Margins to Capture Higher Asia Share
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Taiwanese lenders led by Bank of Taiwan are taking their highest share of syndicated loans in Asia since 2010 as they expand outside the island’s saturated market to escape the worst margins in Asia-Pacific.
Lenders in the region’s seventh-biggest economy helped arrange 10.1 percent of syndicated deals in Asia excluding Japan since Dec. 31, compared with 8.1 percent in all of 2012 and 8.5 percent in 2011, according to data compiled by Bloomberg. Almost half of the lenders that participated in Qantas Airways Ltd.’s A$780 million ($762 million) refinancing and CT Corp.’s $750 million loan to buy Carrefour SA were from Taiwan, the data show.