Markit European loan volume survey: Q4 2014 results
Q4 2014 / January 27th 2015
The European loan market continued its upwards trajectory albeit at a reduced rate. Total volumes in the final quarter of 2014 rose by just over 3% to €14.9 billion. This figure was 22% higher than the €12.2 billion recorded at the end of 2013. Highlights include:
- Leveraged loan volumes (Western Europe) constituted 82% of the total volume in the final quarter, with 56% of this conducted on Loan Market Association (LMA) par documentation versus 26% on LMA distressed documentation
- European investment grade loan volumes represented 13% of the total, up slightly from last quarter's share at 12%
- Emerging markets were also down significantly this quarter (Eastern Europe, Middle East and Africa) representing 4% compared to 10% last quarter
- Overall European leveraged loan volumes rose in the fourth quarter, the third consecutive quarter of growth in volumes
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