Posts by LSEG

Influx of second-lien issuance has investors pushing back on terms

Recently, investors have been more open to the lower rated, higher return type of loans that were more scarce earlier in the year. In particular, second-lien issuance has picked up. Just two weeks into October and there has already been US$1.5bn in completed second-lien loan issuance which would account for 57% of second-lien issuance for all of 2Q16. This influx of higher yielding assets into the market has caused more push back from investors during negotiations…

3Q16 Loan volume down nearly 40% q-o-q, 1-3Q16 totals down 11% y-o-y Issuance in the US loan market got off to…

This week we chat with Steven Miller, CEO, Fulcrum Financial Data. Fulcrum publishes Covenant Review, CapitalStructure and PacerMonitor and has…

Despite strong market technicals, 3Q16 global loan volume down 33%; 1-3Q16 volume down 13% y-o-y Despite strong market technicals, at…

The secondary market has continued to climb as the combined impact of robust demand for paper and the lack of…

Lender Survey: Are you seeing cracks in your portfolio?  Yes, we are seeing signs of cracks in credit quality in…

Nearly half of U.S. CLOs see weighted average bids on underlying assets climb to 97 or higher  The upward trend…

Issuers largely continue to win out on flex, but investors are pushing back on riskier credits Similar to previous months,…

HY E&P Trailing 12-month default rate surpasses 31% There was $5.2 billion of U.S. high yield bond default volume in…

Fed Survey: 10% of banks reported tightening terms The majority of banks surveyed reported little change in the last three…