Rise of the institutional loan deserves attention

Loans
By Ross Lancaster
29 May 2014

If anyone had been in doubt about institutional investors’ confidence to enter the leveraged loans market, two jumbo deals in February likely changed their minds, and new data shows that the trend is continuing.

Ziggo and Grifols, the Dutch cable operator and Spanish pharmaceutical company, issued a combined total of $8.9bn-equivalent in term loan ‘B’s. Yet while jumbo deals of that size are always of ...

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