Six months into this unprecedented COVID-19 crisis, Peter Allan, Head of Leveraged Finance Credit Research at PGIM Fixed Income, provides a look back and outlook for the European High Yield Bond and Leveraged Loan markets. This inclusive session covers sector trends, including default probabilities, key metrics he focuses on in these unusual times to assess the creditworthiness of issuers, and traditional and non-traditional sources of liquidity. Finally, he examines how the crisis how affected the CLO market, the largest buyer of leveraged loans, and his expectations for the asset class going forward.
Peter Allan is a Principal and Head of PGIM Fixed Income's European Leverage Finance Credit Research team, based in London. Prior to joining the team in December 2010, he was Head of European Loans at Aladdin Capital Management in London, where he established and ran their CLO business. Previously, Mr Allan was Head of Leveraged Finance at NIBC Bank. He commenced his career in 1986 at RBS where he worked for 15 years, spending the latter six years in the Leveraged Finance Group. Mr Allan received a BA with honours in Geography from Leicester University and an MBA from Kingston University.
Registration is required
, which are necessary for basic site functionality like keeping you logged in, are always enabled
Allow analytics tracking.
to learn how this information is used.