Index Commentary - July 2022

Secondary loan prices rebounded strongly in the second half of July, joining other risk assets in a mid-summer rally. This respite, which came after five months of steady declines for loans, encouraged arrangers to bring several new issues into an extremely quiet primary market, including some LBO deals from the pipeline.

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Market Advisory on FIRPTA

The LSTA published a Market Advisory which discusses the implications of The Foreign Investment in Real Property Tax Act (“FIRPTA”).