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Syndicated loans to grow 10%.

Bangkok Post (Bangkok, Thailand)

| February 02, 2006 | COPYRIGHT 2006 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

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 ...

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