Loan bid-price collapse halts record-breaking refinancing volumes – DebtDynamics NorthAm The wave of repricing deals seen at the start of the year is not expected to return until the percentage of loans trading above par in the secondary market bounces back. … Subscribe to Read MoreAlready a member? Log in here...
Source: VanEck BDC Income ETF, BofA Merrill Lynch US High Yield Effective Yield The blue line in the chart is the current dividend yield of the *VanEck BDC Income ETF (currently at 11.7% as of 9 May) that tracks the overall performance of publicly traded business development companies (BDCs, are lenders to privately held middle-market businesses…
Source: VanEck BDC Income ETF, BofA Merrill Lynch US High Yield Effective Yield The blue line in the chart is the current dividend yield of the *VanEck BDC Income ETF (currently at 11.5% as of 28 April, down from four-year peak of 12.8% on 8 April) that tracks the overall performance of publicly traded business development…
High-yield bond default wave swells as distressed debt exchanges stack up The trailing 12-month (TTM) US high-yield (HY) bond default rate has spiked in recent months following a steady decline through most of 2024. According to Fitch Ratings, the TTM HY bond default rate reached 2.5% in February, up from a low of 1.6% in…
Source: VanEck BDC Income ETF, BofA Merrill Lynch US High Yield Effective Yield The blue line in the chart is the current dividend yield of the *VanEck BDC Income ETF (currently at 12.1% as of 14 April) that tracks the overall performance of publicly traded business development companies (BDCs, are lenders to privately held middle-market businesses…
Senior direct lending strategies dominate private-credit fundraises in 2024 Despite challenging fundraising conditions for private market strategies persisting into 2024, the past year has seen private-credit funds break new ground, smashing fundraising records and solidifying senior direct lending as a leading core strategy…. Subscribe to Read MoreAlready a member? Log in here...
Source: VanEck BDC Income ETF, BofA Merrill Lynch US High Yield Effective Yield The blue line in the chart is the current dividend yield of the *VanEck BDC Income ETF (currently at 10.9% as of 31 March) that tracks the overall performance of publicly traded business development companies (BDCs, are lenders to privately held middle-market businesses…
Source: VanEck BDC Income ETF, BofA Merrill Lynch US High Yield Effective Yield The blue line in the chart is the current dividend yield of the *VanEck BDC Income ETF (currently at 11% as of 17 March) that tracks the overall performance of publicly traded business development companies (BDCs, are lenders to privately held middle-market businesses…
The serial issuer phenomenon: mastering the art of repricing An increasingly tight leveraged finance environment prompted borrowers to visit the loans market multiple times in 2024 in order to reduce pricing on their existing debt. Three rate cuts by the US Federal Reserve and increasingly tight spreads from demand outpacing supply were the main factors…
Source: VanEck BDC Income ETF, BofA Merrill Lynch US High Yield Effective Yield The blue line in the chart is the current dividend yield of the *VanEck BDC Income ETF (currently at 10.4% as of 28 February) that tracks the overall performance of publicly traded business development companies (BDCs, are lenders to privately held middle-market businesses…