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Even leveraged deals still being underwritten, though banks are selective
Liquidity event at American manager comes at fraught time for industry
Major sectors in leveraged loans are trading down, making shrewd credit selection vital
Deal could include $950m of bonds
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Direct lenders expect to take market share but have their own problems to cope with -
Dutch accounting services firm takes €1.3bn-equivalent loan as it plans to increase acquisitions
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Investors' demand for new money deals could push the trend
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South African bank paid slightly wider margin than last year
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Banks should stop blaming issuers and start providing opportunities
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Montagu-owned company has suffered supply chain problems
