Source: VanEck BDC Income ETF, BofA Merrill Lynch US High Yield Effective Yield The blue line in the chart is the current dividend yield of the *VanEck BDC Income ETF (currently at 11.1% as of 28 October) that tracks the overall performance of publicly traded business development companies (BDCs, are lenders to privately held middle-market…
Source: VanEck BDC Income ETF, BofA Merrill Lynch US High Yield Effective Yield The blue line in the chart is the current dividend yield of the *VanEck BDC Income ETF (currently at 11.3% as of 14 October) that tracks the overall performance of publicly traded business development companies (BDCs, are lenders to privately held middle-market businesses…
LBOs on the rebound: How leveraged loans are stealing the spotlight from direct lenders in 2024 High interest rates and uncertain market conditions slowed M&A activity among private equity firms in 2023. However, 2024 has seen a resurgence in leveraged buyout (LBO) activity, with many of the largest deals opting for leveraged loans over direct…
Source: VanEck BDC Income ETF, BofA Merrill Lynch US High Yield Effective Yield The blue line in the chart is the current dividend yield of the *VanEck BDC Income ETF (currently at 11% as of 27 September) that tracks the overall performance of publicly traded business development companies (BDCs, are lenders to privately held middle-market…
Shaken and stirred: inflation, wage hikes and tight wallets are sinking restaurants and bars The consumer services sector has seen a significant uptick in Chapter 11 bankruptcies in recent months, driven largely by filings from restaurants and bar companies. A dozen Chapter 11 cases have been filed in the consumer services sector in 2024 year…
Source: VanEck BDC Income ETF, BofA Merrill Lynch US High Yield Effective Yield The blue line in the chart is the current dividend yield of the *VanEck BDC Income ETF (currently at 11.2% as of 12 September, versus 11.7% as of 5 August, highest YTD) that tracks the overall performance of publicly traded business development companies…
Source: VanEck BDC Income ETF, BofA Merrill Lynch US High Yield Effective Yield The blue line in the chart is the current dividend yield of the *VanEck BDC Income ETF (currently at 11.1% as of 29 August, versus 11.7% as of 5 August, highest YTD) that tracks the overall performance of publicly traded business development companies…
Source: VanEck BDC Income ETF, BofA Merrill Lynch US High Yield Effective Yield The blue line in the chart is the current dividend yield of the *VanEck BDC Income ETF (currently at 11.7% as of 5 August, highest YTD) that tracks the overall performance of publicly traded business development companies (BDCs, are lenders to privately held…
Feeling the pinch: loan margins and OIDs are tightening Despite a slight rebound in June, loan prices – both margins and original issue discounts (OIDs) – have continually tightened this year on the back of a record volume of deals pricing since January thanks to a surfeit of demand from investors…. Subscribe to Read MoreAlready
Source: VanEck BDC Income ETF, BofA Merrill Lynch US High Yield Effective Yield The blue line in the chart is the current dividend yield of the *VanEck BDC Income ETF (currently at 10.9% as of 19 July, flat YoY and down 80bps from the highest level in last 12 months of 11.7% in October 2023) that…