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Leveraged Finance Market Mired in Slump That Spans the Atlantic

  • Loan issuance heading for worst year since 2011 in both areas
  • Prices of U.S. leveraged loans close to 90 cents on the dollar
Updated on

A slump in the leveraged finance markets is being felt from Wall Street to the City of London.

The high-yield loan markets in the U.S. and Europe combined are on track for their slowest year since 2011, with about $439 billion of debt issued in 2015, according to data compiled by Bloomberg. That’s a 37 percent plunge from this time last year.