Loan market sputters with activity near zero
The 2020 syndicated loan market has made a far slower start to the year than in 2019, with not even $1bn of deals signed globally. Some bankers fear this is set to be another tepid year for European loans.
The EMEA region has yet to see a deal signed this year, according to Dealogic, which records just four deals signed since clocks struck midnight on December 31, totalling $779m-equivalent.“Volumes are down, transactions are down,” said one syndicate official. “We think that 2020 is going to look a lot like 2018 ...
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