The reform movement supports double-digit annual credit growth in the United States and Europe, with mega-agreements dominating the Asia-Pacific region.
The economies of the United States, Western and Southern Europe, and the Asia-Pacific region (excluding Japan) (APC) showed steady performance in the first half of 2021.
General Edition Q1 2019 – Q2 2021
Device type: Purchased Loans Income use; all of them
Place Western and Southern Europe and America Sectors: All sectors
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Loans in the United States increased by $ 763.5 billion by the end of June 2021, up 60% from $ 478.1 billion in 2020.
In Western and Southern Europe, lending increased by 16% a year to $ 185.5 billion. The increase in amendment agreements was a major driver of growth.
In the United States and in Western and Southern Europe, borrowers who have left their savings – unless the price increases – return to the market for a short period of time unless it is necessary. according to Debt Pa, This created a reservoir of indebted suppliers due to improvements.
After the silence, the APAC market will be stabilized
In APAC, lending showed strong growth in the first half of 2021 – in the second quarter of the year, lending reached $ 12.9 billion, the region’s second highest quarter. Debt Pa Record back to 2015.
Integrated and club-lending prices in the region remained stable, declining in India, Indonesia, and Australia, but rising slightly year after year. Debt Pa. China, Singapore, and Hong Kong, on the other hand, have double-digit numbers.
The total revised and unrestricted credit market in APAC H1 2021 fell from $ 167.8 billion in the same period last year to $ 164 billion. In H1 2020, the transaction count of 426 transactions decreased by 9% to 390 discounts.
Credit movement in the region has become a cornerstone of China. The country received nearly $ 50 billion in deals in the first half of 2021, more than 40% annually Debt Pa And represents more than a quarter of the total APAC output.
Big deals backed by technology giants Alibaba, Baidu and Tencent support growth in the Chinese market, more than a third of China’s total production. Debt Pa. Alibaba has accumulated $ 6.5 billion in loans in 2026, Baidu received $ 3 billion in April and Tentent received $ 8.3 billion in five-year loans in February.
This has boosted China’s Jumbo deals across the region in the second half of the year, rising by 30% in Q2 2021 to $ 93.4 billion.
Entering a new financial agreement
Compensation and Compensation again stimulated activity on the board. APAC loan improvements and benchmarks (including modified and non-performing loans) jumped from $ 39.4 billion in Q1 2021 to $ 60.9 billion in Q2.
At the same time, new loans fell from $ 7.3 billion a year in H1 2021 to $ 63.3 billion, while MA and A and procurement were stable, with $ 20.4 billion year-on-year.
In Europe, reforms are even more important than new spending. In Europe, new lending rates have increased by 14% year-on-year, from $ 93.5 billion to $ 80.8 billion. According to the May 2021 report, more than half of the region’s total debt activity has been reduced. Debt Pa.
Strong appetite demand in the European and APAC markets in the first half of the year reflects trends in the United States. By the end of June 2021, the number of lending and refinancing agreements in the country’s credit markets reached $ 471.7 billion, during which time the total lending rate reached 62% and about 80% year-over-year.
So far, Europe’s new monetary treaties have been dominated by a few large loans that support existing purchases. In February, the UK supermarket chain ASDA raised 40 840 million in loans, along with notes needed to support significant acquisitions.
Danish timber retailer Star Group, another LBO target, a 35 1.35 billion time loan b. German real estate company Apollona and Swedish pharmaceutical developer Rifarmarm have received loans of 5 765 million and 1 1.1 billion respectively.
Some Signs Improvement in Europe may begin to slow down in the second half. A.D. Over the course of 2021, the rate of inflation has gradually increased, with profits on first B and double B loans going up to ሪ 3.53% and ቦ 2.58% at the beginning of the year, respectively. 3.18% by the end of May.
Pricing fell back to European borrowers in June, but there is little certainty that the European market will continue to improve in the second half of the year.
APAC focuses on ESG
Pricing was low in the APAC, but the region’s loans related to sustainability have risen sharply, with ESG-ratchets in the US and Europe following trend-making trends up or down the lender. Agreed ESG standards – have become more common in credit documents.
Sustainability loans in APAC have more than doubled from $ 1.69 billion to $ 9.46 billion in Q2 2020 this year, reaching record levels in Q2 2021.
Conditions for Sustainable Loans Changi Airport signed a $ 2 billion two-year club loan agreement with Australian private hospital team Ramsey Health Care in April. Australia is the most active force for sustainability: it represents 53.1% of the market, followed by Singapore with 29.5%.