UK businesses are finding that the Far East debt market is offering much better rates than the UK. The reason for this is that Asian lenders are attracted to developed nations as they are more debt dependant than their own countries.
Pricewaterhouse Coopers said in a report that this search for a new means of finance coincides with a change of lending attitudes from the ban
ks in the East as they increase the scope of their lending and expand market share.
International borrowers are looking for good deals that can offer them the most attractive terms, they do not mind who they borrow loans from, their main priority is to avoid another liquidity squeeze as experienced in the credit crunch.
