December 2013: US Leveraged Loan Market Analysis
New-issue leveraged loan activity pushed further into record territory during the month. The S&P/LSTA Index posted a 0.49%. The universe of S&P/LSTA Index loans grew by $22 billion, to a record $674 billion. Inflows accelerated. The loan default rate eased.
December 2013: European Leveraged Loan Market Analysis
Loan issuance was €5.4 billion during the month while high yield issuance was €7.4B. Both markets remain buoyant and open. Secondary markets were up, while inflows into high yield funds are estimated to be €1B. The European loan index (ELLI) was up. Four CLOs priced in November, with seven still in the pipeline.
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