CityWire, by Cheryl Heng
Our Deputy CIO and Managing Director for Private Investments, Eddie Ong recently shared with Cheryl Heng of Citywire Asia, about the downside protection which Asia private credit structures can offer.
“In Asia, private credit structures are known for their high degree of customisation and proprietary nature compared to developed markets.
This customisation includes better covenants that align with the borrower’s cash-flow profile, improved collateral coverage and protection triggers.
This positions lenders more favourably when renegotiating terms in the event of deteriorating credit during the lending period.”
