The pace of loan issuance slowed up a little this past week as issuers dealt with existing calendar deals that have been in the works. The digestion of recent aggressively structured and priced deals has the S&P/LSTA U.S. Leveraged Loan 100 Index giving up ground for the week returning -0.10%. Month-to-date this index is down -0.3% and the yearly return has hovered just at or under 1% since the middle of March.
Source: S&P Dow Jones Indices, Data as of 4/11/2014, Leveraged Loan data as of 4/13/2014.
This article was written by Kevin Horan, Director, Fixed Income Indices, S&P Dow Jones Indices.
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