<p>“This year’s syndicated loan volume has surpassed the previous high of $38.1 billion achieved in full year 2007 and accounts for 23 per cent of Asia Pacific’s,” Dealogic said.<br />India syndicated loan volume has reached a total of $38.5 billion through 108 deals so far this year, up 17 per cent from its year ago level.<br /><br />Syndicated loans are large financing facilities granted to a borrower by a group of financial institutions who share the lending risk between them. <br /><br />They combine the commercial financing relationship between a bank and its client with the features of market traded debt.<br /><br />Volume from Indian companies has surpassed Australia, where syndicated loan volume amounted to $36.5 billion and has become the leading nation in Asia, Dealogic said, adding that Indian companies raised money mainly to fund their upcoming as well as current projects.<br /><br />Dealogic said loans for project finance purposes accounted for the majority of total India loan volume (78 per cent) and stood at $30.2 billion through 62 deals since the beginning of this year. <br /><br />Three-fold up<br /><br />This year the amount of $30.2 billion to finance projects was over three times than the $9.7 billion in the corresponding period a year ago, Dealogic added. SBI Capital topped the chart of India mandated arranger in 2009 with a share of 64 per cent, while international banks such as Deutsche Bank and Citi ranked fourth and fifth, with shares of 1.6 per cent and 1.2 per cent respectively.<br /><br />Since 2002, the syndicated loan volume of the country has been on an uptrend.In a separate report, Dealogic said the Indian metal and steel industry has raised $4.6 billion through equity capital market by way of 11 deals so far this year.</p>
<p>“This year’s syndicated loan volume has surpassed the previous high of $38.1 billion achieved in full year 2007 and accounts for 23 per cent of Asia Pacific’s,” Dealogic said.<br />India syndicated loan volume has reached a total of $38.5 billion through 108 deals so far this year, up 17 per cent from its year ago level.<br /><br />Syndicated loans are large financing facilities granted to a borrower by a group of financial institutions who share the lending risk between them. <br /><br />They combine the commercial financing relationship between a bank and its client with the features of market traded debt.<br /><br />Volume from Indian companies has surpassed Australia, where syndicated loan volume amounted to $36.5 billion and has become the leading nation in Asia, Dealogic said, adding that Indian companies raised money mainly to fund their upcoming as well as current projects.<br /><br />Dealogic said loans for project finance purposes accounted for the majority of total India loan volume (78 per cent) and stood at $30.2 billion through 62 deals since the beginning of this year. <br /><br />Three-fold up<br /><br />This year the amount of $30.2 billion to finance projects was over three times than the $9.7 billion in the corresponding period a year ago, Dealogic added. SBI Capital topped the chart of India mandated arranger in 2009 with a share of 64 per cent, while international banks such as Deutsche Bank and Citi ranked fourth and fifth, with shares of 1.6 per cent and 1.2 per cent respectively.<br /><br />Since 2002, the syndicated loan volume of the country has been on an uptrend.In a separate report, Dealogic said the Indian metal and steel industry has raised $4.6 billion through equity capital market by way of 11 deals so far this year.</p>