May loan figures fall to new record low

The past month has seen the lowest number of European corporate loans completed in any May since before 1995, according to data provided by Dealogic. There were just 36 transactions in May 2012, down from 110 deals in May last year. The monthly volumes recorded, totaling $34.91bn, are the lowest seen in May since 2002, when only $30.97bn of loans were completed. Last year, deals worth $71.474bn were completed in May.