Deals
European Leveraged Loan Market ‘Hot’ Ahead of U.S. Election Risk
Borrowers urged to tap the market before macro-fueled uncertainty.
Voters fill out ballots in a polling station in Bedford, New Hampshire, U.S., on Tuesday, Feb. 9, 2016.
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Leveraged issuers who are ready to raise debt should tap the market now ahead of macro risks including the U.S. election and possible interest rate rises, market participants said after speaking at the Euromoney European CLO conference in Barcelona last week.
“We’re telling clients to ‘go go now’ as the loans market is hot so it’s a good time to get deals done before the run up to the U.S. election and other macroeconomic issues bring further volatility,” Supriya Saxena, a managing director in UniCredit’s global syndicate team, said.