Leveraged Loans Reap Risk-On Gains; Indonesian Junk
The Credit Edge by Bloomberg Intelligence
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The Rise of Leverage Loans
Leverage loans are loans that are to sub-investment grade companies. Some of them are pretty big, right? You're talking about tens of billions of dollars in some cases? A billion sometimes. So from the investor side, why would investors like them in a rising rate environment? Well, right now the benchmark rate is called SOPHER and it's a floating rate.
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