Syndicated Bank Loan Market Summary – Week Ending 11/13/20
GET OUR BANK LOAN MARKET SUMMARIES STRAIGHT TO YOUR INBOX. LEARN MORE
Syndicated Bank Loan Market Summary: Week Ending 11/13/20
Our newsletter presents key trends derived from observable Syndicated Bank Loan pricing data over a weekly period.
Largest Loans
Highlights the weekly price movements and quote depth for the 20 largest bank loans between 11/6/20 – 11/13/20
| RANK | SIZE (MM) | NAME | CHANGE | PX | PX-1W | DEALERS |
|---|---|---|---|---|---|---|
| 1 | 10,649 | INOVYN EUR TL B | 0.88% | 98.87 | 98.01 | 10 |
| 2 | 6,451 | REFINITV TL B | 0.19% | 99.33 | 99.14 | 11 |
| 3 | 5,450 | ENVISION HEALTHCARE TL B | 4.57% | 75.55 | 72.25 | 12 |
| 4 | 5,100 | CHANGE HEALTHCARE TL B | 0.58% | 98.94 | 98.37 | 12 |
| 5 | 5,000 | QWEST CORPORATION TL B | 0.17% | 97.55 | 97.38 | 11 |
| 6 | 4,750 | DELL TL B | 0.10% | 99.73 | 99.63 | 17 |
| 7 | 4,750 | ZAYO TL | 0.68% | 98.04 | 97.38 | 17 |
| 8 | 4,700 | CAESARS RESORT COLLECTION TL | 2.22% | 95.59 | 93.52 | 11 |
| 9 | 4,565 | BAUSCH HEALTH COMPANIES INC. TL B | 0.14% | 98.81 | 98.67 | 10 |
| 10 | 4,250 | BERRY PLASTICS TL Y | 0.33% | 98.56 | 98.23 | 16 |
| 11 | 4,246 | PETSMART NON-CONSENTED TL B2 | -0.12% | 98.96 | 99.08 | 11 |
| 12 | 4,197 | AKZONOBEL TL B | 0.67% | 97.60 | 96.95 | 11 |
| 13 | 3,861 | PETSMART CONSENTED TL B2 | 0.14% | 99.14 | 99.00 | 12 |
| 14 | 3,582 | MISYS TL B | 0.96% | 96.15 | 95.23 | 12 |
| 15 | 3,575 | STARS GROUP TL B | 0.16% | 100.21 | 100.05 | 16 |
| 16 | 3,524 | TRANSDIGM INC. TL F | 0.08% | 94.99 | 94.91 | 13 |
| 17 | 3,415 | ENDO HEALTH TL B | 1.21% | 97.46 | 96.30 | 10 |
| 18 | 3,325 | CINEWORLD TL B | 21.04% | 68.21 | 56.35 | 16 |
| 19 | 3,315 | REYNOLDS GROUP HOLDINGS LIMITED TL B | 0.33% | 98.70 | 98.38 | 10 |
| 20 | 3,312 | HUB INTL LTD TL B | 0.19% | 97.92 | 97.73 | 13 |
| AVERAGE | 4,601 | 1.73% | 95.51 | 94.33 | 12.6 |
Top 10 Winners
Showcases the top 10 loan “winners” based on the largest bid price increases between 11/6/20 – 11/13/20
| RANK | NAME | CHANGE | PX | PX-1W |
|---|---|---|---|---|
| 1 | CINEWORLD TL B | 21.20% | 67.79 | 55.93 |
| 2 | AMC ENTERTAINMENT TL B1 | 21.18% | 68.30 | 56.36 |
| 3 | COLORADO BUYER 2ND LIEN TL | 20.51% | 69.57 | 57.73 |
| 4 | AMERICAN AIRLINES TL B | 13.56% | 84.39 | 74.32 |
| 5 | EQUINOX HLDGS INC TL B | 13.17% | 82.49 | 72.89 |
| 6 | HOTELBEDS EUR TL B | 11.68% | 83.12 | 74.42 |
| 7 | PRAESIDIAD TL B | 11.64% | 56.10 | 50.25 |
| 8 | LUMILEDS TL B | 11.62% | 54.97 | 49.25 |
| 9 | PARQUES REUNIDOS SA EUR TL B | 11.46% | 90.37 | 81.08 |
| 10 | TRAVELPORT TL B | 11.45% | 58.00 | 52.04 |
Top 10 Losers
Showcases the top 10 loan “losers” based on the largest bid price decreases between 11/6/20 – 11/13/20
| RANK | NAME | CHANGE | PX | PX-1W |
|---|---|---|---|---|
| 1 | NATIONAL CINEMEDIA TL B | -12.70% | 60.28 | 69.05 |
| 2 | PEABODY ENERGY TL B | -4.62% | 29.73 | 31.17 |
| 3 | CITGO TL | -4.36% | 89.21 | 93.27 |
| 4 | COGNITA FINANCING PLC EUR TL B1 | -2.98% | 95.00 | 97.92 |
| 5 | EPIC Y-GRADE SERVICES EXT TL B | -2.88% | 77.20 | 79.48 |
| 6 | AREAS EUR TL B1 | -2.39% | 78.60 | 80.53 |
| 7 | APCOA EUR TL B | -2.01% | 90.32 | 92.17 |
| 8 | DELEK TL B | -1.79% | 92.83 | 94.53 |
| 9 | FIELDWOOD ENERGY TL | -1.76% | 22.51 | 22.92 |
| 10 | PYXUS INTERNATIONAL EXIT TL | -1.68% | 93.18 | 94.77 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 11/6/20 – 11/13/20 Results are based on 5 select industry sectors, however, we offer data across 36 sectors
Sentiment
Reveals the percent of loans increasing in price (advancers) vs. loans decreasing in price (decliners) between 11/6/20 – 11/13/20
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 11/6/20 vs. the week ending 11/13/20
| RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|
| 1 | TMF GROUP HOLDING BV EUR TL B | 8 | 48 | 40 | 500% |
| 2 | NESTLE SKIN HEALTH EUR TL B | 18 | 50 | 32 | 178% |
| 3 | NORD ANGLIA EDUCATION FINANC TL | 0 | 32 | 32 | 0% |
| 4 | OGF(POMPES FUNEBRES GENERALE) EUR TL B | 24 | 54 | 30 | 125% |
| 5 | GLOBAL UNIVERSITY EUR TL B | 0 | 30 | 30 | 0% |
| 6 | KLOECKNER EUR TL B | 12 | 40 | 28 | 233% |
| 7 | AMMERAAL BELTECH EUR TL B | 2 | 30 | 28 | 1400% |
| 8 | BCA MARKETPLACE EUR TL B2 | 16 | 44 | 28 | 175% |
| 9 | WYNDHAM DESTINATIONS, INC. EUR TL B | 12 | 40 | 28 | 233% |
| 10 | NORD ANGLIA EDUCATION FINANC EUR TL B | 20 | 46 | 26 | 130% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 11/6/20 – 11/13/20
| RANK | TRANCHE | DEALERS |
|---|---|---|
| 1 | TELENET EUR TL | 19 |
| 2 | VERISURE EUR TL B1 | 18 |
| 3 | SIGMA BIDCO EUR TL B | 17 |
| 4 | SYNLAB EUR TL B3 | 17 |
| 5 | NTL CABLE PLC EUR TL R | 17 |
| 6 | VERISURE EUR TL B | 17 |
| 7 | CINEWORLD TL B | 17 |
| 8 | EIRCOM FINCO SARL EUR TL B | 17 |
| 9 | CEVA SANTE ANIMALE EUR TL B | 17 |
| 10 | ZAYO TL | 17 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 11/6/20 – 11/13/20
Sector Bid-Offer Spread
Displays the bid-offer spread by sector between 11/6/20 – 11/13/20 Results are based on 5 select industry sectors, however, we offer data across 36 sectors
Stay up-to-date with weekly summaries.
Related Resources
About SOLVE
SOLVE is the leading market data platform provider for fixed-income securities, trusted by sophisticated buy-side and sell-side firms worldwide. Founded in 2011, SOLVE leverages its AI-driven technology and deep industry expertise to offer unparalleled transparency into markets, reduce risk, and save hundreds of hours across front-office workflows. With the largest real-time datasets for Securitized Products, Municipal Bonds, Corporate Bonds, Syndicated Bank Loans, Convertible Bonds, CDS, and Private Credit, SOLVE empowers clients to transform the way they bring new securities to market, trade on secondary markets, and value highly illiquid securities. Headquartered in Connecticut, with offices across the globe, SOLVE is the definitive source for market pricing in fixed-income markets.
