Markit European loan volume survey
Total trade volumes in the European loan market have risen slightly in the third quarter of 2015. Total volumes have moved to €15.509bn, up 5.67% from the previous quarter. Year on year volume is also up 7.55% when compared to the overall volume of €14.692bn in the third quarter of 2014. Highlights include:
Leveraged loan volumes (Western Europe) constituted only 68.3% of the total volume in the second quarter, slightly up from the 66.1% composition of the previous quarter. Of the 68% of total trade volumes tracked, 53% of the total was conducted on Loan Market Association (LMA) par documentation versus 15% of LMA distressed documentation. European investment grade loan volumes represent 17.4% of the total, marginally down from last quarter’s share of 18.4%. Emerging market (Eastern Europe, Middle East and Africa) figures were down finally after three successive increases. They stand at 14.25% compared to 15.48% last quarter.
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