Bloomberg has announced the launch of a global syndicated loans offering, designed to help investors assess and act on opportunities in these complex markets.
The offering includes Syndicated Loans Data Solutions covering 74,000 active syndicated loan tranches globally, a New Issues data feed that captures real-time announcement updates, as well as enhanced pricing from Bloomberg’s evaluated pricing service (BVAL). To support clients’ need for robust benchmarking, Bloomberg writes that it launched a US Leveraged Loan Index, covering 1,300 leveraged loans with USD1.3 trillion in market value.
The Bloomberg US Leveraged Loan Index is the latest extension of Bloomberg’s fixed income index suite and will apply the same rigor of objectivity, representativeness and transparency, which has made the Bloomberg Fixed Income Indices industry-leading for more than 50 years. The index will serve as a credible portfolio benchmark, informational measure and as a reference for index-linked products for US leveraged loan investors.
“We’ve seen tremendous demand for access to the leveraged loan markets in a more transparent way. With Bloomberg’s new Leveraged Loan Index and underlying data solutions, we are delivering a game-changing alternative and addressing gaps for investors in these markets,” says Nick Gendron, Head of Fixed Income Index Product at Bloomberg Index Services Limited. “This launch represents a significant milestone in our commitment to expand the Bloomberg Fixed Income Indices offering and deliver enhanced value to our clients.”
