the authoritative voice of the EMEA market

What's New?

IBA launches survey on the use of LIBOR – responses requested by 15 February 2019

ICE Benchmark Administration ("IBA") has recently launched a survey on the use of LIBOR currencies and tenors to identify the most widely used LIBOR settings.

The survey closes on 15 February 2019 and we would encourage LMA members to take part in the survey.

Loan Market Insight

CreditMatters EMEA (December 2018)
S&P Global Ratings Report

Capital Markets View: High Yield and Leveraged Finance (June 2018)
S&P Global Ratings Report

Infrastructure Finance Outlook Newsletter (Q2 2018)
S&P Global Ratings Report

EMEA Syndicated Loan Insights (November 2018)
Bloomberg Report

Leveraged Finance Chart Book Europe (November 2018)
Bloomberg Report

Secondary Market Volumes (3Q18)
Refiinitiv Report

Loan Market Data and Analytics (October 2018)

Refinitiv Report
Loan Market Data & Analytics (September 2018)
Refinitiv Report

European Leveraged Loan Chart Book 1H18
Fitch Ratings Report
EMEA Corporate View 2Q (August 2018)
Fitch Ratings Report

Q417 European Leveraged Loan Chart Book (March 2018)
Fitch Ratings Report

Illusion in the LATAM Loans Market (November 2018)
Dealogic Insight

UK Corporate Debt Fades and EU takes off (November 2018)
Dealogic Insight

Loan Market Highlights 2018 (October 2018)
Dealogic Insight


High Yield Interest (November 2018)
Moody's Report
High Yield Interest (October 2018)
Moody's Report
High Yield Interest (September 2018)
Moody's Report

Recent LMA Submissions

LMA has responded to a BEIS consultation relating to the National Security and Investment White Paper

LMA writes to HM Treasury in advance of UK transposition of MLD 5

LMA responds to Working Group on Sterling Risk-Free Reference consultation on Term SONIA Reference

New Schuldscheindarlehen E-learning Module

This new stand-alone module provides an overview of the Schuldscheindarlehen product, the parties involved and the timeline to market. We hope that this module will help educate those less familiar with the product about its key features and characteristics.

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We have published a paper which seeks to emphasise the number of regulatory issues which could arise in a lending context as a result of a "no deal" scenario, and the negative repercussions that this would create for the wider EU economy.

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Update to Green Loan Principles (GLP)

The LMA, together with the APLMA and LSTA, has published an extended iteration of the Green Loan Principles (GLP), providing a more in-depth explanation as to how the GLP can be applied to revolving credit facilities whilst maintaining the integrity of the green loan product.

Recent LMA Documentation

LMA announces publication of new Schuldschein Loan Agreements and User Guide

LMA produces a Mezzanine mark-up of a Senior Facility Agreement for use on REF investment transactions

LMA publishes updated version of revised Replacement of Screen Rate clause, which is now publicly available on the Bank of England website

LMA Updates Secondary Documents to Account For The Revocation of The ERISA Fiduciary Rule