The combined $4.6 billion of U.S. leveraged loan and high yield bond issuance was the least recorded during a week in all of 2016, according to LCD, an offering of S&P Global Market Intelligence.
To be fair, both segments spent much of the week with their eye on Thursday’s Brexit vote, so launching deals to generally wary markets was not the order of the day, to be sure. Leveraged loans totaled $3.2 billion last week while high yield bond issuance totaled a paltry $1.4 billion.
Year-to-date loan issuance is $209 billion, down some 10% from 2015. U.S. high yield bond issuance totals $120 billion, down 36% from last year. – Tim Cross
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This story first appeared on www.lcdcomps.com, an offering of S&P Global Market Intelligence. LCD’s subscription site offers complete news, analysis and data covering the global leveraged loan and high yield bond markets. You can learn more about LCD here.