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Helping guide the global syndicated loan market

Thomson Reuters LPC is the premier global provider of information on the syndicated loan and high yield bond markets. Our first-to-the-market news, comprehensive real-time and historic data helps industry players stay informed about market trends and facilitate trading and investment decisions.

From offices in New York, London, Hong Kong, Sydney and Tokyo we are the one source for comprehensive coverage of the syndicated loan markets worldwide.

Our publications, online news, analysis, valuation services and interactive databases are used every day by banks, asset managers, law firms, regulators, corporations and others to drive valuation, syndication, trading, and research and portfolio management activities.

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5 Things to Know (6/27/16)

  • Economic and markets upheaval spurred by Britain’s vote to leave the European Union is spilling into the $880 billion U.S. leveraged loan market.
  • Thomson Reuters LPC’s Loan Market Scorecard provides a snapshot of key statistics in the leveraged loan and high yield bond markets.
  • A mysterious buyer has caught the attention of participants in the loan market by offering to buy portions of loans at more than 30 times the size of an average purchase.
  • Alternative lenders are expected to take a larger share of leveraged lending from banks as the non-bank lenders step in to help refinance the first wall of revolving debt to come due since updated leveraged lending guidance was implemented in 2013.
  • In people moves, Deutsche Bank has hired James Nessel to run US high-yield trading and Goldman Sachs has hired Benji Cheung from Credit Suisse as a managing director for loan sales.

More syndicated loan coverage on LoanConnector.

What to Watch (6/27/16)

  • Retail investors pulled US$66.6m from bank loan mutual funds and US$765.6m from high-yield bond funds the week ending June 22, according to Lipper FMI.
  • The share of LBO deals levered north of 7.0 times debt to EBITDA has risen to 15% in 1H16, up from 12% in 2015.
  • CLO issuance is approaching US$26bn year to date.
  • 38% of buyside and sellside institutions at Fitch Ratings and Thomson Reuters LPC’s Loan & CLO Conference said the fact that interest rates haven’t moved up has been the biggest surprise this year.

More syndicated loan coverage in Gold Sheets