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Syndicated Loans

Leveraged loans: a welcome return to fundamentals

The repayment of Nycomed's €4.2bn outstanding loans last week was the leveraged loan market’s last throw of the dice, with bankers hoping that it would prompt a increase in investor appetite in new deals. It hasn't worked out that way, as macro worries outweigh technicals. But the shift to a market ruled by fundamentals may have come just in time.

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