Festive European levfin wipes US jitters
Borrowers and investors marched on in the European leveraged finance markets this week, pricing €1.5bn of high yield bonds while bankers have been able to tighten terms on new loan deals during syndication. Deals pulled earlier in the week in the US are already a fading memory.
“There is no evidence of meaningful impact whatsoever,” said a leveraged finance banker in London, referring to choppy market conditions in the US. “We have seen some idiosyncratic discrimination, but that is good because investors are awake and pick up on potential problems.”The US high yield ...
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