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MONTHLY BANK LOAN LETTER

AlphaFixe Capital focuses on fundamental analysis to guide us in our investment decisions. Therefore, you will find below the links to the most recent market comment letters that cover economic and financial topics.  

MARCH 2024

In March 2024, new issuance volume significantly exceeded the volume recorded during the same period last year. Activity was mainly dominated by one event. More details can be found in this month's issue.

JANUARY 2024

The start of 2024 kept bank loans investors very busy. The volume of new transactions virtually surpassed a seven-year high. More details can be found in this month's issue.

NOVEMBER 2023

November was marked by the American Thanksgiving holiday, but this did not prevent the issuance volume from being higher than the previous month. You'll find more details in this month's issue.

SEPTEMBER 2023

September was a busy month, with an issuance volume not seen since the beginning of 2022. The price of bank loans appreciated thanks to sustained demand. You'll find more details in this month's issue.

JULY 2023

The volume of new transactions rose significantly in July. There was even a phenomenon that had not occurred for 16 months. You'll find more details in this month's issue.

MAY 2023

The US debt ceiling preoccupied financial markets in May and slowed the bank loan market. The transition to the SOFR rate is being accelerated ahead of the deadline. You'll find more details in this month's issue.

MARCH 2023

The US regional banking crisis has increased volatility in the financial markets and has dampened the market for new bank loan issuance. More details can be found in this month's issue.

JANUARY 2023

Activity in the primary market got off to a slow start, but strong demand helped to drive up prices in the secondary market. More details can be found in this month's issue.

FEBRUARY 2024

Despite a return to a certain normality in M&A's, the volume of new issuance weakened in February. Nevertheless, it remains high compared with the last two years. You will find more details in this month's issue.

DECEMBER 2023

The bank loan market showed no signs of slowing down in the last month of the year. Companies took advantage of the strong demand for this financial instrument. You will find more details in this month's issue.

OCTOBER 2023

Geopolitical tensions and economic data attracted a great deal of attention in October. These factors had a greater impact on one category of issuers.  You'll find more details in this month's issue.

AUGUST 2023

The market was busy during the second half of the month despite the American summer holidays. Issuance volumes were at the upper end of the range for the past year. You'll find more details in this month's issue.

JUNE 2023

The transition to the SOFR rate came to an end and took up a good part of our activities in June. In addition, there was a successful transaction, an event not seen since February. You'll find more details in this month's issue.

APRIL 2023

Quiet markets combined with a low new issuance volume in March drove up the price of bank loans for the month of April. More details can be found in this month's issue.

FEBRUARY 2023

The optimism that prevailed at the end of January continued into February as issuance volume reached a level not seen since January 2022. On the other side of the equation, investor demand was strong. More details can be found in this month's issue.

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