Our weekly newsletter presents key trends derived from observable Syndicated Bank Loan pricing data over a weekly period.
- Top 20 Largest Loans
- Top 10 Loan Price Winners
- Top 10 Loan Price Losers
- Average Bid Price (By industry sector)
- Market Sentiment
- Top Quote Volume Movers
- Most Quoted Loans
- Bid and Offer Volume
- Bid Offer Spread (By industry sector)
| LARGEST LOANS | |||||
| Rank | Size (MM) | Name | Chg | Price | Price - 1W |
| 1 | 4,197 | AKZONOBEL TL B | 15.48% | 85.34 | 73.90 |
| 2 | 3,843 | CHANGE HEALTHCARE TL B | 9.55% | 89.46 | 81.66 |
| 3 | 3,415 | ENDO HEALTH TL B | 7.43% | 87.27 | 81.23 |
| 4 | 3,338 | ASURION TL B6 | 5.67% | 88.98 | 84.20 |
| 5 | 2,380 | VERISURE EUR TL B1 | 8.43% | 89.92 | 82.93 |
| 6 | 2,260 | MCDERMOTT TL B | -6.42% | 32.37 | 34.59 |
| 7 | 2,250 | BUCKEYE TL B | 2.44% | 85.04 | 83.01 |
| 8 | 2,250 | ZIGGO EUR TL H | 9.41% | 88.37 | 85.60 |
| 9 | 2,180 | FRONERI EUR TL B | 2.04% | 87.35 | 85.60 |
| 10 | 2,150 | NUMERICABLE TL B12 | 10.25% | 87.25 | 79.14 |
| 11 | 2,105 | STADA ARZNEIMITTEL EUR TL F | 1.28% | 83.80 | 82.74 |
| 12 | 2,060 | INEOS FIN EUR TL B | 6.17% | 85.02 | 80.08 |
| 13 | 2,000 | MACDONALD DETTWILER TL B | -8.54% | 81.53 | 89.14 |
| 14 | 2,000 | CEVA SANTE ANIMALE EUR TL B | 5.94% | 84.35 | 79.62 |
| 15 | 1,955 | POWER SOLUTIONS EUR TL B | -0.04% | 79.48 | 79.51 |
| 16 | 1,955 | WESTJET TL | 5.02% | 71.24 | 67.84 |
| 17 | 1,900 | TDC EUR TL B | 10.69% | 89.49 | 80.84 |
| 18 | 1,900 | GARDNER DENVER TL B | -8.13% | 81.51 | 88.72 |
| 19 | 1,880 | ALTRAN TECHNOLOGIES EUR TL B | 2.01% | 90.20 | 88.42 |
| 20 | 1,860 | NETS HOLDINGS EUR TL B1 | -12.10% | 79.73 | 90.71 |
| AVERAGE | 2,394 | 3.33% | 82.38 | 79.73 | |
- Highlights the weekly price movements and quote depth for the 20 largest bank loans
| TOP 10 WINNERS | ||||
| Rank | Loan | Chg | Price | Price - 1W |
| 1 | MERLIN ENTERTAINMENTS EUR TL | 18.13% | 87.98 | 74.48 |
| 2 | FORMULA ONE TL B | 16.91% | 89.47 | 76.53 |
| 3 | CAESARS RESORT COLLECTION TL | 15.62% | 78.79 | 68.14 |
| 4 | TRAVELPORT TL B | 15.52% | 59.62 | 51.61 |
| 5 | AKZONOBEL TL B | 15.48% | 85.34 | 73.90 |
| 6 | ARAMARK SERVICES, INC. TL B3 | 15.20% | 90.60 | 78.65 |
| 7 | NTL CABLE PLC EUR TL O | 14.97% | 92.24 | 80.22 |
| 8 | ALCOA INC TL B | 14.42% | 88.20 | 77.08 |
| 9 | AMNEAL PHARMACEUTIAL TL B | 14.30% | 79.70 | 69.72 |
| 10 | NTL CABLE PLC GBP TL L | 14.20% | 91.14 | 79.80 |
- Showcases the top 10 loan "winners" based on the largest bid price increases between 3/20/20 - 3/27/20
| TOP 10 LOSERS | ||||
| Rank | Loan | Chg | Price | Price - 1W |
| 1 | INTERNAP PIK TL B | -46.51% | 25.52 | 47.71 |
| 2 | 24 HOUR FITNESS TL B | -46.26% | 21.98 | 40.90 |
| 3 | CALIFORNIA PIZZA 2ND LIEN TL | -41.03% | 36.07 | 61.16 |
| 4 | ASCENA RETAIL TL B | -38.17% | 29.35 | 47.47 |
| 5 | STEINHOFF INTERNATIONAL TL B2 | -33.84% | 40.96 | 61.90 |
| 6 | UTEX TL B | -33.08% | 32.70 | 48.86 |
| 7 | NEIMAN MARCUS TL | -32.13% | 41.62 | 61.33 |
| 8 | B&B HOTELS EUR TL B | -30.74% | 59.18 | 85.45 |
| 9 | JC PENNEY TL B | -28.42% | 55.42 | 77.43 |
| 10 | DIVERSEY EUR TL | -28.35% | 67.00 | 93.51 |
- Showcases the top 10 loan "losers" based on the largest bid price decreases between 3/20/20 - 3/27/20
- Displays the average loan bid price by sector between 3/20/20 - 3/27/20
- Results are based on 5 select industry sectors, however, we offer data across 36 sectors
- Reveals the percent of loans increasing in price (advancers) vs. loans decreasing in price (decliners) between 3/20/20 - 3/27/20
| TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK | |||||
| RANK | TRANCHE |
PRIOR WEEK |
THIS WEEK |
INCREASE | % INCREASE |
| 1 | INTEL TL | 40 | 58 | 18 | 45% |
| 2 | MEREDITH CO TL B | 8 | 26 | 18 | 225% |
| 3 | STATS LLC TL B | 0 | 18 | 18 | N/A |
| 4 | SBA COMMUNICATIONS CORP TL B | 41 | 58 | 17 | 41% |
| 5 | HUB INTL LTD TL B | 40 | 57 | 17 | 43% |
| 6 | IHEART TL B | 20 | 36 | 16 | 80% |
| 7 | INMARSAT TL B | 12 | 28 | 16 | 133% |
| 8 | KLOECKNER TL B | 12 | 28 | 16 | 133% |
| 9 | TECTUM HOLDINGS INC TL | 23 | 39 | 16 | 70% |
| 10 | TELENET TL | 37 | 53 | 16 | 43% |
- Exhibits the loans with the largest increase in quote volume for the week ending 3/20/20 vs. the week ending 3/27/20
| MOST QUOTED LOANS | ||
| RANK | TRANCHE | DEALERS |
| 1 | ACTION NEDERLAND EUR TL B | 18 |
| 2 | PARTY CITY TL B | 17 |
| 3 | GATES GLOBAL TL B | 15 |
| 4 | VERISURE EUR TL B1 | 14 |
| 5 | NESTLE SKIN HEALTH EUR TL B | 14 |
| 6 | SIGMA BIDCO EUR TL B | 13 |
| 7 | HOTELBEDS EUR TL B | 13 |
| 8 | HARLAND CLARKE TL B7 | 13 |
| 9 | ELSAN GROUPE EUR TL B | 13 |
| 10 | CASINO GUICHARD EUR TL B | 13 |
- Ranks the loans that were quoted by the highest number of dealers between 3/20/20 - 3/27/20
- Reveals the total number of quotes by bid and offer between 3/20/20 - 3/27/20
- Displays the bid-offer spread by sector between 3/20/20 - 3/27/20
- Results are based on 5 select industry sectors, however, we offer data across 36 sectors
Want free access to Real-Time Composite pricing and trends within the market for Syndicated Bank Loans?
If you would like to see additional information, or if you have any feedback or questions, please feel free to reach out to us at info@solveadvisors.com or +1 646-699-5041.
