US Leveraged Loan Market Prevails Over 1Q18 Equity, Bond Volatility

25 April 2018
US Leveraged Loan Market Prevails Over 1Q18 Equity, Bond Volatility
Debtwire’s U.S. Leveraged Insights Report Explores Key Q1 2018 Trends
New York, April 25, 2018 - Debtwire, the leading provider of expert news, data and analysis on global leveraged credit, today released its 1Q2018 US Leveraged Insights Report and found that the US leveraged loan market remained wide open for business in 1Q18 and easily overcame an increase in volatility in the bond and equity markets. The report itself features an overview of the most recent and relevant trends impacting leveraged loans, high yield bonds, covenants and CLOs all in one place. Produced by a team of experts, the report incorporates a combination of private and public data, and features more than 200 slides of analysis mined from Debtwire’s vast leveraged finance network.
Main findings
  • Loan margins remain under pressure, though yields rise thanks to climbing LIBOR rate
  • Covenant protections weaken further
  • Share of highly levered deals climbs in 1Q18
Debtwire’s Leveraged Insights report provides valuable commentary on key segments and activities at a major turning point in global debt markets,” said Colm “CJ” Doherty, global head of Primary Market Analysis for Debtwire.” “With LIBOR having climbed this year and interest rates expected to rise going forward, portfolio managers are now also focused on the ability of borrowers in their portfolios to manage in a higher rate environment.”
The report’s findings are supported by Primary ID, Debtwire’s new Primary Issuance database, that tracks global bond and loan data, features custom league tables across banks and law firms and allows unlimited exportable downloads. Primary ID is just one component of Debtwire Par, Debtwire’s latest offering. Across editorial, data and in-depth reports, Debtwire Par transforms the way financial professionals gain insight into the global performing credit markets.
Powered by Primary ID, the Leveraged Insights report’s global league tables found that:
  • JPMorgan topped the North America Leveraged Loan Bookrunner League Table
  • JPMorgan also came out on top in the North America HY Bond Bookrunner League Table
For the full report, please click here
For more information and/or to speak with CJ Doherty or Sadaf Khan, please contact:
CJ Doherty
Global Head of Primary Market Analysis
Sadaf Khan
Fixed Income Group Global Data Manager
00 852 2158 9617