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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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Portfolio managers overwhelmingly expect spreads to widen
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Financial Conduct Authority announces intentions to publish a synthetic dollar Libor rate for an additional 15 months
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Banijay's $940m A&E deal is the only leveraged loan out this week
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Panellists at IMN CLO conference struggle to find positives
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The €210m and €80m loans do not herald a wider array of new money transactions
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Slightly more activity is expected in levfin, but no new money deals are on the horizon