Leveraged loans thriving as high yield joins general rout

carry on
By Max Bower, Victor Jimenez
21 Jan 2016

While almost all financial markets have been stricken with fear so far this year, Europe's leveraged loan market has been surprisingly buoyant, with a healthy flow of deals and plenty of interest from investors — though the sister high yield market is a desert. Max Bower and Victor Jimenez report.

Fourteen leveraged loan deals totalling €4.9bn have been announced in Europe this year. Meanwhile, there have been only two high yield issues — a €150m tap by Atalian, a French facilities management company, and a €750m issue by Telecom Italia, a BB+ issuer still considered an investment grade ...

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