European Restructuring Insights | This inaugural edition examines the UK restructuring landscape from January 2016 through to April 2020. Key findings: Scheme of Arrangements led in both number of situations and debt restructured, accounting for ~40% of the UK restructuring market, followed by Administrations (26%), and CVAs (22%). The Retail sector dominated with over 30% of restructuring situations, followed by Food & Beverage and Oil & Gas with.
1Q20 High yield bond issuance reached USD 71.4bn 1Q20 saw an increase in high yield bond issuance, totaling at USD 71.4bn, representing a 26% year-over-year rise from the USD 56.7bn worth of bonds issued in 1Q19, according to Debtwire Par. However, this also represented a 6.3% quarter-over-quarter issuance decrease in comparison to the USD 76.2bn HY bond issuance priced in 4Q19. Download the report to learn more.
1Q20 Leveraged loan issuance totaled USD 314bn The 2020 leveraged loan market began the year in a positive direction, with USD 314bn in volume closed in the first quarter, according to Debtwire Par. Compared to the USD 171bn involume from 1Q19, this was an 83% increase year-over-year. However, with the current pandemic affecting the financial market, the volume for the month of March was only about USD 65bn. This accounted for only 21% of the total leveraged loan volume in 1Q20.There were 423 leveraged loans raised in 1Q20, compared to 406 loans.