In a PDI video this week, Jake Lee of Korean LP Hyundai Marine & Fire Insurance, paints a picture of the impact of US interest rate rises on his organisation’s strategic approach. He thinks that, if you’re looking at senior secured investment based on a 4 percent return, you can lose 150-200 basis points on day one.
Watch out for the rates tsunami
The leveraged loan boom has been partly fuelled by the central bank-driven low interest rate environment. What happens when the tide turns?
