Senior secured corporate loans are debt instruments similar to high-yield bonds in that they are rated below investment-grade (Ba1/BB+). They differ from high-yield in that they are senior secured instruments, secured by all assets on a company’s balance sheet. In addition, as floating rate instruments, global loans are relatively immune to the adverse impact of rising interest rates.
Listen to this Talking heads podcast with Vanessa Ritter, Head of Global Loans, as she discusses the current environment and perspectives for the global loans market. She outlines the current opportunities and rationale for investing in this asset class.
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