Loan Stats at a Glance – 3/14/2016
Contact: Timothy Stubbs timothy.stubbs@spcapitaliq.com
TheLeadLeft
Markit Recap – 3/7/2016
Investors have been flocking to government bond ETFs at a record pace since the start of the year, hoping to shelter from the surge in credit risk and profit as the market discounts the probability of nearing interest rate hikes. This has so far proved profitable as global government bonds have largely outperformed their corporate…
Leveraged Loan Insight & Analysis – 3/7/2016
Just shy of three months into 2016, CLO issuance remains stalled, logging less than US$3 billion in new vehicles through the end of February. This represents an 80% drop compared to the same time last year. More notably, only a few days into March, a single CLO has come to market via a US$406.75 million…
Lead Left Interview – Meredith Coffey
On Wednesday, February 24th, Meredith Coffey, EVP of the Loan Syndications and Trading Association, testified before the House Financial Services Subcommittee on Capital Markets. The point of her testimony was four-fold: i) To explain the importance of loans to non-investment grade companies, ii) to explain the role CLOs play in this financing, iii) to explain…
Middle Market Deal Terms at a Glance – March 2016
Source: SPP Capital Partners Contact: Stefan Shaffer stefan@sppcapital.com
A Review of European Direct Lending (Fourth of a Series)
So far in this series we’ve covered the unique lending characteristics of European jurisdictions as well as the inherent advantages held by European banks. This week we look closer at the opportunities presented to non-bank direct lenders. Selling high-yield bonds in Europe has generally been unchanged over the past five years. It’s still a public…
The Pulse of Private Equity – 3/7/2016
How Will Competition Among Fund Managers Affect Future Industry Performance Disparity? Post-recession private equity funds experienced a tightening of IRR spreads across several different vintages, as fund managers of all tiers weathered the economic downturn. 2010 and more recent vintages, however, have seen a widening of the spread…. Login to Read More...
Chart of the Week – Atlantic Crossing
Last summer’s market volatility in the US caused loan prices to plummet, attracting attention from European loan buyers. Source: S&P Capital IQ
Select Deals in the Market – 3/7/2016
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