Loan Stats at a Glance – 7/10/2017
Contact: Timothy Stubbs timothy.stubbs@spglobal.com
TheLeadLeft
State of the Capital Markets – Second Quarter 2017 Review and Third Quarter 2017 Outlook
Review of Current Market Conditions/ Analysis of Capital Markets Metrics/ Review of Credit Quality/ Outlook for Third Quarter 2017
Chart of the Week: Deep and Cheap
Since early last year, leverage vs. yield for middle market institutional loans has deteriorated in favor of the issuer.
Private Debt Intelligence – 7/10/2017
Private Debt Fundraising Momentum Fades in Q2 The closed-end private debt fundraising market saw 26 vehicles reach a final close in the second quarter of 2017, securing a total of $16bn in investor commitments. Preqin expects these figures to rise by up to 10% as more information becomes available,… Subscribe to Read MoreAlready a member?
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Markit Recap – 7/3/2017
Senior Financials trading tighter than Corporates The fate of corporates and the banks that serve them is intertwined; that much is clear from the past decade. But though the correlation is close, it’s certainly not one-to-one. … Subscribe to Read MoreAlready a member? Log in here...
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Covenant Trends – Percentage of Loans with F&C Incremental Tranche Growers, Sponsored vs. Public
Contact: Steven Miller smiller@covenantreview
Fall Risk
It was probably mission impossible, but we gamely tried this week to complete a personal Top Ten list. This one is called “Top Ten Best Things About Rupturing Your Quadriceps Tendon in Church on Father’s Day.” #10 came quickly. “The minister was right there to deliver last rites.” #9 was relatively easy: “A brand-new walker…
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Chart of the Week: Still Ticking
Second quarter activity in middle market sponsored loans tailed off slightly from the previous quarter, though at $16.2 billion was up from 2Q 2017.
Leveraged Loan Insight & Analysis – 7/3/2017
1H17 US Syndicated loan volume hits record high at over US$1.2Tr US syndicated loan issuance hit a new milestone in 1H17 to mark the highest half year total on record at over US$1.2T (an additional US$21.6bn of clubbed loans also worked their way through the market to bring US corporate issuance to nearly US$1.4Tr in…
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Lead Left Interview – Mary Katherine DuBose (Part 2)
This week we continue our conversation with Mary Katherine DuBose, Co-Head of Asset Backed Finance and Securitization, Asset-Backed Finance, Wells Fargo Securities. ABF provides direct structured lending as well as the underwriting and distribution of asset-backed securities for over 500 clients and a risk portfolio of approximately $120BN across consumer, commercial, residential and corporate debt…
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