HY Bond Issuance Surge Shrinks Leveraged Loan Supply

The wave of new issuance in the high-yield bond market is shrinking the secondary supply of leveraged loans, in particular of high-quality paper, say market participants.

  • 23 Jun 2009

--Leela Parker

The wave of new issuance in the high-yield bond market is shrinking the secondary supply of leveraged loans, in particular of high-quality paper, say market participants. Some $40 billion in high-yield bonds have priced year-to-date to pay down loans, said one buysider, with higher quality names being ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 14,443 29 18.07
2 Bank of America Merrill Lynch (BAML) 8,264 27 10.34
3 Lloyds Bank 7,329 24 9.17
4 Citi 6,748 19 8.44
5 JP Morgan 5,220 8 6.53