US Leveraged Loan Issuance Picks Up in May, Accelerates in June
May’s 41 deals for $31.6b was up $21.4b, or 210% from April’s $10.2b, bringing year-to-date volume to $381b (down 31% from last year). In percentage terms, May’s rebound from April is the strongest since last September when issuance jumped over 252% off August’s low. However, despite that big percentage gain, May remains the second-lowest issuance month of the year in absolute dollars.
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