The US hung loans pipeline - deals banks agree to underwrite but fail to sell - has fallen to $91bn (â¬58bn), while one of the largest loan deals of last year to finance Dutch chemicals group Basell's takeover of Lyondell Chemical Company in the US started its investor roadshow this week.
Chris Taggert, senior analyst in loans strategy at independent credit research firm CreditSights, wrote in a report to clients that the pipeline of hung loans has fallen 58% since the start of the year.
