Credit Suisse has taken advantage of a tentative rebound in the prices on high quality European leveraged loans over the past few weeks with the successful sale yesterday of a portfolio of loans worth â¬135m ($209m), highlighting a further resurgence in demand for leveraged credit.
The sale, a secondary market auction which closed midday yesterday, is the freshest indication that demand for leveraged loans is improving after months when appetite from typical institutional buyers, chiefly hedge funds and structured credit funds, had all-but died.
