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Loan Market Reaches 20-Month High, Interest Cost Dips

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IT WAS ALL JUST A FIGMENT OF YOUR IMAGINATION
"The high-yield, high-risk leveraged loan market reached a more than 20-month high as companies, such as Fresenius SE, reduced minimum interest-rate floors to ensure a minimum return on new deals," Bloomberg reports. "Prices on the Standard & Poor’s/LSTA U.S. Leveraged Loan 100 Index, which tracks the 100 largest dollar-denominated first-lien leveraged loans, ended at 90.22 cents on the dollar yesterday, the highest since July 7, 2008, when it closed at 90.32 cents. The index’s total return was 2.85 percent for the year as of yesterday."
SOURCE:   Bloomberg

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