Leveraged Loan Market Shrugs Off Virus Worries With Year-End Deal Surge
- At least 20 new deals for $10 billion launched this week
- Most loans are for acquisitions in rush before holidays
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Omicron, like delta before it, is an obstacle the leveraged loan market is ignoring, at least for now.
At least 20 loan deals totaling about $10 billion have launched so far this week, according to data compiled by Bloomberg. Meanwhile the risk-off stance created by the new Covid variant has hurt stocks and prompted six investment-grade bond issuers to delay sales, with no offerings scheduled in high-grade or junk bonds on Tuesday.