1.8万亿美元私募信贷市场再迎考验 低利率时期贷款集中到期

格隆汇
Oct 08
周四,在新加坡举行的一场论坛上,多位投资者警告称,随着低利率时期大量举债的企业逐渐迎来贷款到期日,私募信贷借款人可能面临日益严峻的再融资压力。资产管理公司Lord,Abbett&Co.合伙人兼私人投资主管史蒂夫·库彭海默表示,2021年和2022年发放的贷款尤其容易受到再融资风险的冲击,因为这些贷款是在基准利率接近零的环境下完成承销和定价的。他周四在2026年米尔肯亚洲峰会的一场小组讨论中指出,随着这批早期贷款逐渐到期,借款人可能承受更大的财务压力,违约风险也将随之上升。库彭海默表示:“我确实认为,我们目前正处于违约率相对偏高的周期。”他补充称,当前违约率徘徊在3%至4%之间,高于约2%的历史平均水平。

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