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Europe's Leveraged Loans Put on Biggest Show in a Decade

  • European market achieves highest post-crisis issuance in 2017
  • Banks seek more M&A in 2018 after deluge of low-fee repricings

Leveraged loan issuance in Europe grew to 80 billion euros ($97 billion) in 2017 - a 52 percent increase on the previous year and a post-crisis record. Yet arranging banks were left feeling frustrated: the mix of business overall wasn’t what they wanted and the pace of borrowing didn’t match investors’ appetite for lending. Now arrangers are looking to 2018 in the expectation of brighter prospects.

See more in Bloomberg’s European Leveraged Finance Chartbook 4Q17