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Published on 6/3/2020 in the Prospect News Bank Loan Daily.

IHS Markit Loan indices continue rise on Tuesday

By Sara Rosenberg

New York, June 3 – IHS Markit’s iBoxx USD Leveraged Loan indices (MiLLi) closed up 0.28% on Tuesday, and its Liquid Leveraged Loan indices (LLLi) closed up 0.17%.

Month to date, the MiLLi is up 0.38%, and year to date it is down 6.36%.

The LLLi is up 0.23% month to date and down 5.65% year to date.

The average bid on Tuesday in U.S. loans was 88.25, down 7.48% year to date.

According to the IHS Markit data, some of the top advancers on Tuesday were AMR’s June 2017 term loan B at 78, up from 70.33, Lumileds’ February 2018 covenant-lite term loan B at 35.58, up from 32.63, and Airxcel’s April 2018 second-lien covenant-lite term loan at 77.5, up from 73.

Some top decliners on Tuesday were FeeCo/Mayfield/Amynta’s January 2018 covenant-lite term loan B at 83.58, down from 92.5, Healogics Inc.’s July 2014 covenant-lite term loan at 59.75, down from 63.07, and Admiral Permian’s May 2018 second-lien term loan at 47.67, down from 49.5.


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