Loan data from Thomson Reuters shows that after a strong second quarter, boosted by the sale of a controlling interest in Endeavour Energy, July was a slower time for local banks.Refinancing loans reached US$75.9 billion and accounted for 37 per cent of total Asia Pacific (ex-Japan) volume by the end of July, while M&A volumes stood at US$18.5 billion, or nine per cent of total volume, according to Thomson Reuters monthly loan market stats.Other new money loans accounted for US$110.4 billion or 54 per cent of total volume by the end of July 2017.The Thomson Reuters report also disclosed that merger and acquisition volume for the Asia Pacific region, including Japan, stood at US$30.6 billion at the end of July 2017.The A$5.9 billion borrowed by Network Finance Co was the largest M&A loan transaction in the quarter. The proceeds will be used to fund the acquisition of a 50.4 per cent interest in Endeavour Energy, the last of the "poles and wires" assets offered by the NSW government, by an investor group led by Macquarie Group's Infrastructure arm.Analysis of 'Australasian' quarterly loan volume showed that activity in that sector reached US$39.2 billion, and that 112 deals had been closed as at the end of July 2017.Highlights for Australian banks, extracted from the current Thomson Reuters APAC loan league tables, for the 2017 year to date are:•    Mandated Arrangers: ANZ retained third spot, from arranging over US$9.2 billion from 91 deals; behind Bank of China (US$31.5 billion, 229 deals) and Industrial & Commercial Bank of China (US$11.3 billion, 84 deals); ahead of CBA (11th spot: US$4.5 billion, 44 deals); and Westpac (16th spot: US$3.4 billion, 45 deals).•    Bookrunners: ANZ up one spot to third, involved in almost US$6.9 billion from 38 deals; behind Bank of China (US$24.7 billion, 136 deals) and Industrial & Commercial Bank of China (US$10.5 billion, 45 deals); ahead of CBA (6th spot: US$3.5 billion, 19 deals); National Australia Bank (10th spot: US$3.0 billion, 17 loans); and Westpac (16th spot: US$2.4 billion, 20 deals).