Leveraged Loan Insight & Analysis – 1/20/2020

Behind improved market sentiment,
US institutional loan pipeline builds


The US institutional loan pipeline improved to the US$34bn area last week, its highest January level in the past two years. Market sentiment has improved sharply from a few months ago, particularly for lower-rated issuers. In the secondary market, the B2/B3 cohort of names closed last Friday with an average bid of 97.2, the highest level since last May.