Debtwire Middle-Market – 2/8/2021

Convergence of market dynamics
brings loans back into focus


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Source: Debtwire Par

The convergence of several market factors has led loans to the forefront of the leveraged debt markets in 2021. Institutional loans made up roughly two thirds of combined loan and bond issuance in January, one of the highest proportions seen since this time last year. The trend has continued through the early days of February, marking a reversal from last year when high yield bonds were dominant.