Market commentary and interactive data tool, offering insights into leveraged loan and high yield bond market trends.

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Leveraged Finance Commentary

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Global Leveraged loans North America Western and Southern Europe Asia-Pacific (excl. Japan) Covid 23 Apr 2020

Loan issuance seizes up as coronavirus fallout hits

Despite a promising beginning to the year, US and European leveraged loan markets felt the full economic impact of the pandemic

Covid 10 Mar 2020

Coronavirus: The impact on leveraged finance

As the effects of coronavirus on the primary and secondary debt markets continue, there will be ongoing implications for leveraged finance transactions

Automotive 20 Feb 2020

Refinancing drives automotive leveraged finance

Automotive leveraged finance issuance in Europe and North America was down in 2019, but companies in the sector took advantage of benign markets to refinance existing debt and extend maturities, with more expected for 2020

North America Leveraged loans Western and Southern Europe 24 Jan 2020

Loan issuance slides in US while Europe holds steady

Leveraged loan issuance in the US fell by more than a third in 2019, but in Europe, cash flowed into CLOs and managed accounts, sustaining activity levels

High yield bonds North America Western and Southern Europe 21 Jan 2020

High yield closes 2019 on top

High yield bond issuance in the US and Europe showed double-digit increases in 2019 as low interest rates and steady inflows into high yield bond funds drove the market upward

ESG & sustainability 16 Dec 2019

Green bonds: 11 years and still growing strong

Investors continue to demand environmentally responsible financing products now more than ever

Regulation 11 Dec 2019

Uncertainty surrounds the shift from LIBOR to SOFR

The end of 2021 will mark a milestone in global financial markets when regulators, in effect, phase out the “LIBOR benchmark” that underpins much of the global financial system

High yield bonds Leveraged loans Asia-Pacific (excl. Japan) M&A (excl. buyouts) 06 Dec 2019

Global trade tensions weigh on issuance in Asia

With M&A and corporate lending on the backburner across Asia, syndicated loan issuance dropped in 2019

Leveraged loans Western and Southern Europe 25 Nov 2019

Large deals drive loan issuance in Spain

Based on several large deals and the maturing market’s appeal to investors, 2019 leveraged loan issuance has been strong

North America Leveraged loans Western and Southern Europe 25 Nov 2019

Best terms for best credits as bull market bifurcates

Cov-lite terms dominate leveraged loan issuance in a market hungry for yield, but lenders are focusing on well-rated credits

Restructuring 20 Nov 2019

Borrowed time? The outlook on leveraged loan restructuring

Default rates in the leveraged loan market remain low, but continued softening of loan terms is giving lenders pause

Global Leveraged loans Western and Southern Europe 07 Nov 2019

International outlook: Schuldschein is going global

Schuldschein loans have evolved from domestic financing products focused on the specific requirements of German companies into increasingly popular options for international borrowers and investors