US Leveraged Loan Issuance Slows in February
February’s $95b of US institutional leveraged loan issuance declined 49% from January’s $186.4b and represents the lowest volume since last August’s $27.7b. While it was a significant slowdown from last month, February issuance was up 51% from the same month a year ago, and year-to-date issuance is at its highest since Bloomberg began tracking the data in 2013, at $281.4b.
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