Covid-19 sends IG loan volumes tumbling

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By Mike Turner
02 Apr 2020

Investment grade syndicated loan volumes in Europe have plunged almost 45% year-on-year, as the Covid-19 coronavirus tears into demand for bank credit.

Europe’s highest rated borrowers signed loans totalling $105bn in the first three months of this year, according to Dealogic. This is a sharp fall from the $189bn signed in the same period of 2019, a fall of 44%.

“Loans always has a lag compared to other markets,” said one ...

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