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US companies have repriced nearly $400 billion of debt at lower interest rates this year, benefiting from high investor demand for junk loans. This represents a significant portion of the leveraged loan market, easing financing conditions for corporate America.
A recent deluge of cash into ETFs tracking US collateralized loan obligations is spurring money managers to try to replicate the model in Europe https://t.co/LKIMDquPBe
(#leveraged bonds) US companies have been able to reprice almost $400bn of debt at lower interest rates this year due to booming investor appetite for junk loans, in an easing of financing conditions for corporate America, chart @FT https://t.co/L7LY5oCzM3 https://t.co/wQROfTU7dF
FT: "Companies slash borrowing costs on $400bn of US junk loans" https://t.co/wjMY2ahtHI
