Bigger returns come with lite covenants in euro lev loan market

Euro Book
By Victor Jimenez
16 May 2018

Speculative grade investors are being tempted by higher total returns in the leveraged loan market, but lack of supply and growing demand is favoring a loosening of default protection covenants.

Life for corporate debt buyers in the European leveraged finance markets just became a bit more complicated this week.  

Fund managers investing in the euro high yield index would have seen total returns fall into negative territory to minus 0.12% so far this year, JP Morgan data shows.

Speculative ...

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