A euro-denominated leveraged loan issued in support of a leveraged buyout by a private equity firm with a 5-7 years’ maturity pays a 4.43% yield (flat from last week) and a 5.65% year-to-date total return (from 5.58%).
These are the figures that emerge reading the Ver Capital Leveraged Loan Index, an index that Ver Capital sgr has specifically built for BeBeez and that will be updated weekly.
The Ver Capital Leveraged Loan Index has 41 member loans (all senior secured performing loans with a B+ avarage rating) well diversified among a series of sectors as showed in the information memorandum.
The best performer loan on a weekly total return basis was the one relating to Hotelbeds (+0.67%), the largest business globally sellling hotels rooms to wholesale customers such as travel agencies and tour operators which German tour operator TUI sold last April to Cinven’s funds and Canada Pension Plan Investment Board in a 1.165 billion euros deal.
. The wrost weekly performance was as well as last week the one relating to Angus Chemical (-0.56%), a chemical group which was sold by Dow Chemical to Golden Gate Capital in August 2015 . All that when the entire portfolio had a +0.06% performance last week.