Leveraged loan prices continue to climb in secondary market Average secondary market prices on US Leveraged loans reached 96.44 on June 25th, the highest level since March 17th according to the Bloomberg US Leveraged Loan Index. So far in June, the index has returned 0.51%, bringing the year-to-date figure to 2.47%…. Subscribe to Read MoreAlready
Leveraged Loan Launches Keep Pace as Global Tensions Mount Click here to access Bloomberg’s US Leveraged Finance Chartbook Through June 17th, 59 deals for $47.8b have launched into the US leveraged loan market this month for a 53% improvement from the full month of May figure. Weekly launches exceeded $20bn during the week ending June…
US Leveraged Loan Issuance Picks Up in May, Accelerates in June Click here to access Bloomberg’s US Leveraged Finance Chartbook 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…
US Leveraged Loans Post Largest Monthly Return Since 2023 Click here to access Bloomberg’s US Leveraged Loan Index Report After a brief pause in its long-running rally, the Bloomberg US Leveraged Loan Index (Ticker: LOAN) advanced 1.53% in May, bringing its YTD return to 1.95%. The gain follows back-to-back losses in March (-0.29%) and April…
US Leveraged Loan Launches Pick Back Up in May To Monitor Upcoming US Institutional Loan Issuance, run PREL <GO> from a Bloomberg Terminal Following a record drought between March 28 and April 16 in which 14 business days passed without the launch of a new US leveraged loan financing, the longest such streak since Bloomberg…
Leveraged loans claw back tariff-driven losses in secondary market It has been a wild ride in the secondary market this year to date, driven by bouts of volatility due to uncertainty over US economic policy. Secondary market bids on US leveraged loans started the year at an average of 97.33 before sliding 329 bps from…
US Leveraged Loans Post Consecutive Monthly Losses Click here to access Bloomberg’s US Leveraged Loan Index Report The Bloomberg US Leveraged Loan Index (Ticker: LOAN), a measure of the US institutional, broadly syndicated, leveraged loan market, continued its downward trend in April…. Subscribe to Read MoreAlready a member? Log in here...
Lenders offer deep discount on new loans in April To Monitor Upcoming US Institutional Loan Issuance, run PREL <GO> from a Bloomberg Terminal Primary issuance has come at a discount amid a broader selloff in the leveraged loan secondary market, which has led bids to decline to an average of 95.77 on April 30th from…
Leveraged Loan Market Dries Up Amid Economic Uncertainty Click here to access Bloomberg’s US Leveraged Finance Chartbook The reduction in US institutional leveraged loan issuance has been drastic – with just $3.1b priced through April 22nd, it amounts to the worst month of loan issuance since July 2022’s $3.5b, which followed the Federal Reserve’s historic…
Launch Drought Extends to 14 Days, Setting Bleak New Record Click here to access Bloomberg’s US Leveraged Finance Chartbook Wednesday, April 16th was the 14th business day running without a leveraged loan launch, marking the longest such primary issuance draught since Bloomberg began tracking the data in 2013…. Subscribe to Read MoreAlready a member? Log