CREDIT COMMENTARY
Feb 02, 2018
IHS Markit European loan volume survey Q4 2017
After a drop in Q3 2017 the European loan market has bounced back up in Q4 with overall figures up 21% from €10,045m in Q3 to €12,133m in Q4. The year on year figures are also up, albeit slightly, by 4% from €11,655m in Q4 2016.
- Leveraged loan volumes in Western Europe constituted 83.3% of the volumes, which are up from the 78% observed in the previous quarter – and even more so from the 70.7% in Q4 2016. Of the 78% this quarter, 73.6% was conducted on LMA Par documentation, compared against 9.67% on LMA Distressed documentation.
- European Investment Grade loan volumes represented 7.6% of the total, which is down on the 11.8% seen last quarter, and lower still than the 14.7% we recorded in Q4 2016.
- Emerging Market figures (Eastern Europe, Middle East and Africa) represented 9.11% this quarter, which was down from the 10.3% we saw last quarter, and also down on the 14.6% we saw at this time in 2016.
Rory McSwiggan at IHS Markit Loan Pricing
Tel: +44 20 7064 6404
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