Posts by LSEG
2Q20 US syndicated down 46% y-o-y; 1H20 off 33%
Following the shock, fear and aggressive spread of the Covid-19 virus which brought the world to a standstill in 1Q20,…
Read MoreRefinitiv LPC’s Quarterly Lender Survey: One fifth of lenders have not heard any plans to return to the office
When asked if plans are being announced for segmented re-opening of your office, 16% of lenders said no while 36%…
Read MoreBid/Ask spread finally narrows to 2 points but still historically high
The average bid/ask spread in the overall US secondary market finally narrowed to 2.01 points yesterday after peaking at 3.52 points on March 27 and hovering above 2 points for 3 months.…
Read MoreUS CLO portfolios: average loan trades fell 7 to 13 points in March and April
In the wake of the spread of COVID-19, as secondary loan prices plummeted, average US CLO portfolio trade prices fell…
Read MoreLibor floors are back in the institutional market
Investors are demanding Libor floors on institutional term loans as the Libor rate continues to drop. While 3-month Libor has…
Read MoreMiddle market lenders weigh in on the percent of issuers that will miss P&I in June?
Now that we are in June, middle market lenders are highly focused on how issuers will react at the June…
Read MorePrimary yields in the US institutional loan market tighten in May
After spiking in April, primary US institutional yields have tightened in May, but remain at very high levels. The average…
Read MoreMM Sponsored dealflow pipeline expected to remain anemic through summer
Middle market syndicated loan issuance remains extremely thin for sponsor-backed deals so far in 2Q20. Volume has only reached about…
Read MorePricing, OIDs also widen for double B issuers in today’s market
Pricing for double-B rated issuers has widened significantly this quarter. The average yield, assuming a three-year term to repayment, on…
Read MoreAvg. bid on Refinitiv’s BDC Visible Loans Benchmark remains at the 80 context
Loans held by business development companies with mark-to-market pricing have stabilized in the 80 context in the last few days.…
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