Prohibitive financing costs continue to plague the loan primary market
Source: Debtwire Par
Institutional leveraged loan issuance has plummeted 68% from levels seen just last year, to USD 233.2bn through September. As the macroeconomic headwinds beleaguering the market have remained persistent – inflation remains sticky, the Federal Reserve is expected to keep on an aggressive rate hiking expedition, and global volatility and supply chain constraints stemming from the coronavirus pandemic and ongoing war in Ukraine continue unabated – the market has largely shut down.
Already a member? Log in here