Loans Update – Clean bill of healt
Published: Sept. 9, 2021
European Leveraged Loan Index (ELLI) has registered a positive month-to-date performance, bringing returns to +0.08% (+0.04% excluding currency effect), while year to date return reached +3.97% (+3.71% excluding currency effect).
The main hit of this summer in the leveraged loan market was serenity, ending with a strong note in August, reaching 0.94% of cumulative returns from June to end of August.
Looking to the journey ahead, the Autumn looks promising, with a pipeline for 3Q and 4Q coming strong, amounting c.a. €12B of Loan stock set to reach the market by October.