1-3Q21 leveraged issuance sets new record at US$1.3Tr

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U.S. bank arrangers completed over US$250bn of leveraged loan issuance during the quarter, the strongest 3Q results since 2017 as liquidity and a resurgence of sponsor activity buoyed the market. At almost US$935bn, leveraged loan issuance for the first nine months of the year was just shy of 2018 results (US$960bn) and the record setting 2017 totals (US$1.1Tr).