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Markit Recap – 5/9/2016

iTraxx net notional spikes post-ECB QE decision The prospect of the ECB buying up corporate bonds, potentially squeezing supply in the sector, has meant investors have looked for alternative ways to take on risk exposure. Markit iTraxx Europe Main index has seen its 5-yr CDS spread tighten to 77bps, from 91bps Net notional outstanding on…

Lead Left Interview - Ned Music and Fenton Burgin

This week we chat with Deloitte’s Ned Music and Fenton Burgin. Mr. Music is an SVP in the US firm’s Deloitte Corporate Finance LLC Capital Advisory team while Mr. Burgin heads up Deloitte LLP’s UK Capital Advisory practice.  Capital Advisory has 140 debt professionals in 30 countries dedicated to the middle market. Mr. Music will…

Preqin Private Debt Intelligence - 5/9/2016

Private Debt Industry Set for Growth in Germany Lending to Germany-based companies by private debt funds has typically been hindered by the requirement for fund managers to hold a banking license. This strict approach towards banking regulation has led a limited alternative lending market in the region; Preqin’s Private Debt Online contains details for 15 Germany-based…

Chart of the Week - Pipeline Pique

With one month of the second quarter behind us, the forward calendar for all syndicated loans remains below last year’s levels. Source: Thomson Reuters LPC; represents all loans