Secondary loan market: trading up for first time since 2007
After loans backing the buy-outs of Picard Surgelés and Autobar both traded up on entering the secondary market last week, the first to do so since 2007, RBS WorldPay’s loan, which had its margins cut on the fund portion, also entered the aftermarket this week. Following scale backs on various deals, secondary market demand is expected to remain high in the short term. Is this the true test of the sustainability of the LevFin market’s success? To find out more, read EuroWeek this Friday.
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