latest-news-headlines Market Intelligence /marketintelligence/en/news-insights/latest-news-headlines/leveraged-loan-news/after-late-year-rout-us-leveraged-loan-rebounds-with-par-plus-names-booming content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

After late-year rout, U.S. leveraged loan rebounds, with par-plus names booming

Fed rally & default fears bring bifurcation back to leveraged loans

Industry-Specific Losses Stand Out In Leveraged Loan Market As COVID-19, Oil Fears Globalize

Loan Downgrades Are the Biggest Concern for the European CLO Market

Europe’s Leveraged Loan Issuers Draw on Revolving Credits to Preserve Liquidity

After late-year rout, U.S. leveraged loan rebounds, with par-plus names booming

The gains in the U.S. leveraged loan market so far this year have finally translated into a spike higher in the number of loans bid at par or above in the S&P/LSTA Leveraged Loan Index, as this statistic had remained stubbornly low in 2019 despite a quick snap-back earlier in the year.

The share of loans in the Index bid at par or above was 23% (as of April 23), compared to just 2.8% at the end of March, and a measly 0.3% at the end of 2018, according to the S&P/LSTA Loan Index. This figure had been as high as 65% as recently as October 2018, but then endured a precipitous drop that began late that month.

Naturally, the portion of the loans bid at or above par took longer to materialize than the initial snap-back of the secondary, in the wake of the market rout at the end of 2018. In January, the average bid of the S&P/LSTA Leveraged Loan Index increased 205 bps, to 95.89, but the percentage of loans bid at par or above barely budged at 1.10%, versus 0.30% at the end of 2018.

Try LCD for Free! News, analysis, and data.

Follow LCD on Twitter.

LCD comps is 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.