Loan Ranger: The Apocalypse is nigh?

It was another emotional few days for the loan market last week —at times Loan Ranger felt like a Samaritans’ helpline when talking to people from the leveraged market. But there is one glimmer of light in the form of an extra 50bp on the margin for Russian coalminer Suek’s new deal. Loan bankers have been insisting that pricing must go up for months but Loan Ranger gets the feeling that for some at least it’s a bittersweet victory.