Leveraged loans hit pre-crash high

GLOBAL leveraged loan volume hit its highest level last month since before the recession, according to data provider Dealogic.

The combined value of leveraged loans was $132.4bn (£81.1bn) during March, an increase of 42 per cent from the previous month.

The highest monthly level was last seen in October 2007, when $168.2bn worth of leveraged loans were announced.

Almost 250 deals were revealed last month, the highest level since July 2007.

Bank of America Merrill Lynch was the lead global leveraged loan bookrunner with a 15 per cent market share.?JP Morgan placed second, taking 14 per cent.