Tue 07/12/2022 09:30 AM
Persistent market volatility continues to hamper activity in the European leveraged loan and high-yield market with only a trickle of deals pricing in May and June. With a harsh economic outlook building, deals marketed in June were forced to sweeten pricing further than deals in May. Unsurprisingly, distress in credit markets is on the rise. The
Financial Times reported that more than €40 billion of European corporate bonds were now trading at distressed levels.
Over the last two...
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