01 Apr Voya Senior Loan Group – ‘Talking Points’ – Staying Steady
Voya Senior Loan ‘Talking Points’ is a weekly publication from the Voya Senior Loan Team Heads, which provides key insights and results in the Senior Loan marketplace.
Staying Steady
The loan market held steady over the course of a week that experienced more topsy turvy action in capital markets, though scarce new organic supply remains a point of issue. The Index returned 0.01%, and the average bid for loans fell to 98.16, a ten bps decline.
The secondary market realised a choppier start to the week as bid prices continued to ease off their early year levels. Newly syndicated refinancing and repricing transactions maintained top billing for performance. Higher rated credits fared better than their distressed counterparts, and held steady to last week’s returns.