Leveraged loan liquidity improves as euro market matures

By Owen Sanderson
30 Sep 2020

Leveraged loan liquidity in the European market has improved this year, with two-way flows resuming rapidly after the spring nadir of the Covid-19 crisis, and sufficient market depth to shift large portfolios. CLO managers are taking advantage, speeding up their time to market and time to ramp deals.

According to Refinitiv/LMA data, the second quarter of 2020 saw the highest ever number of trades in the secondary EMEA loan market — 9,006. The vast majority of these, 7,848, were in the leveraged par market. This level of activity compares with 4,900 in the second quarter of ...

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