Record US$1.8tr of US leveraged issuance clears market in 2021

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In the absence of major market blips or deepening concerns around deteriorating credit quality, US leveraged lenders supported nearly US$1.8tr in loan and bond issuance in 2021, the highest total on record.
 
The unabated presence of Covid-19 certainly impacted lender operations in so far as the return to office working environment was fitful and uneven, and in person market events remained scarce, but fund raising was robust, economic recovery ticked up and deal flow remained steady as credits trended tighter.