Press releases

5 Things to Know (7/22/19)

  • Market-based pricing is disappearing in US investment grade lending as Credit Default Swaps (CDS) become a less relevant measurement of risk.
  • Progress on the transition from Libor rates to risk free rates in the loan markets is needed in the next year or so ahead of the discontinuation of Libor at the end of 2021.
  • LPC’s Loan Market Scorecard provides a snapshot of key statistics in the leveraged loan and high yield bond markets.
  • Africa-focused loan bankers are turning their attention to Kenya, where the World Bank estimates US$24bn of cash is needed to fund the country’s infrastructure plans.
  • AbbVie has agreed to a US$6bn term loan that will be used to reduce commitments under the US$38bn bridge loan backing its acquisition of Botox-maker Allergan.

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