Derisking remains key focus for loan issuers and investors alike
Source: Debtwire
There has been a striking 70% year-on-year decrease in new money institutional activity in the loan market following a continued lack of supply from M&A auctions processes. In its place, refinancing has taken center stage, propping up issuance at over 80% of the total—a remarkable shift from the trend observed in September last year when new money reached over 90% of issuance.