Respectable loan volume in 2019 as M&A buoys US market

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By Jon Hay
03 Jan 2020

Global syndicated lending fell back in 2019 to a level similar to that in 2013-2016, in dollar terms, after two years of higher borrowing including a near-record total in 2018. The volume was the sixth highest ever, and higher than that in any year before 2006.

Reports of the syndicated loan market's decline are widespread, especially in Europe, but in volume terms, the market had a respectable 2019, using Dealogic's standard figures for rank-eligible and bookrunner rank-eligible loans.

The global total of $3.83tr was 16% down on the $4.54tr haul in 2018, itself just 2.6% ...

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