Bankers see US$1 trillion loan market turnaround

Moderate capital: A Citibank branch is seen in San Francisco, California. The lender says term-loan issuance will likely continue to be muted next year as banks grapple with regulatory uncertainty. — Bloomberg

NEW YORK: Bankers expect issuance in the US blue-chip loan market to pick up in 2024 after rising interest rates this year largely kept borrowers on the sidelines.

Investment-grade companies raised about US$1.01 trillion through revolving credit facilities, term loans and other syndicated loans this year through Dec 20, according to data compiled by Bloomberg.