3 January 2018
HY Corporate Credit
HY Multi Sectoi,Media, Cable & Satellite
(32% in 2016). Understandably, given their cost of capital, term loans were
again the preferred issuance type at 520.9bn (83% of total) up from S15.9bn
(73% of total) in 2016. Turning to homebuilding, 2017 YTD brought 23 deals
(up from 8 in the year ago period) on $8.1bn of notional. This was an increase
of 207% y/y.
HY Relative Performance
Figure 22. DB HY Index vs. DB HY Real Estate Index Figure 2S. DB hi? indices OAS
(OAS)
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Deutsche Bank Securities Inc. Page 13
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