French banks shine in rough year for leveraged finance

Jon Hay

December 21, 2018 02:45 pm

The logo of the french bank BNP Paribas listed in the CAC 40 in Paris is seen in the illustration on August 28, 2018. The CAC 40 represents the 40 biggest French companies on the stock market. (Photo by Alexander Pohl/NurPhoto/Sipa USA) | NurPhoto/SIPA USA/PA Images

The global high yield bond market has produced $320bn of new issues in 2018, up to December 21, 43% down on last year’s total of $563bn, according to Dealogic. Sentiment has turned progressively more bearish as the year has worn on, with concerns about US-China trade hostility and overvaluation of US equities biting.

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Topics

Deutsche Bank Syndicated Loans Bank of America Americas Citi Barclays EMEA Corporate Bonds High yield BNP Paribas Loans and High Yield LevFin High Yield Bonds LevFin Leveraged Loans LevFin Leveraged Loans United States Europe Crédit Agricole North America HSBC Société Générale Goldman Sachs

JH

Jon Hay