RLPC-US loan price declines bode ill for new deals

Newswire

NEW YORK, Jan 22 (Reuters) - The price of loans in the U.S. secondary market declined further on Tuesday amid a global equities sell-off, making it harder for banks to offload nearly $200 billion in loan commitments on their balance sheets. The LCDX, an index of 100 loan credit default swaps, briefly dipped as low as 92.25 cents on the dollar before rebounding to about 93.62 cents after a surprise interest rate cut by the Federal Reserve helped the broader markets regain some ground. ...

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