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Byline: Darana Chudasri
Feb. 2--The offshore syndicated loan market will grow by 10 percent to 12 percent this year to US$2 billion, Francois Rameau, senior country manager of Calyon Bank, said.
Sluggishness in the corporate bond market due to rising interest rates and increasing demand for funds for new long-term investment by large Thai companies and multinational firms, would help support the growth of the syndicated market.
Some 15 deals were arranged last year amounting to a total of $1.805 billion, up from six deals worth $1.405 billion in 2004.
Calyon, a unit of the French bank Credit Agricole, was named the top mandated ...