A euro-denominated leveraged loan issued in support of a leveraged buyout by a private equity firm with a 5-7 years’ maturity paid a 3.83% yield on March 10th (down from 3.96% one week before but well down from 5.1% one year ago) and a 1.21% year-to-date total return (from 5.88% in the whole 2016). 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 44 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 Goldcar (+0.10%), a Spanish group focusing on low cost car renting in Europe and controlled by Investindustrial since 2014.
The wrost weekly performance was instead the one relating to Parex (-0.87%), a leading French company producing chemicals for the construction industry and controlled by CVC since 2014. While the whole Lbo Index portfolio recorded a -0.17% total return in the week.
