Bloomberg Expands Leveraged Loan Indices for European and Global Markets
Bloomberg Expands Leveraged Loan Indices for European and Global Markets
Bloomberg has announced a significant enhancement in its offerings for leveraged loans with the introduction of the Bloomberg European Leveraged Loan Index and the Bloomberg Global Leveraged Loan Index. This launch is in direct response to the increasing demands from investors for more comprehensive, transparent, and globally representative benchmarks within the syndicated loan market.
New Indices Overview
The Bloomberg European Leveraged Loan Index (ELOAN) is designed to capture the distinct features of the European market, incorporating loans that are broadly syndicated and denominated in euros (EUR) and British pounds (GBP). This index sets a minimum loan size threshold of €150 million and includes both rated (high yield) and unrated loans, offering a diverse perspective on the available credit.
On the other hand, the Global Leveraged Loan Index (GLOAN) provides a wider scope by encompassing broadly syndicated loans from public and private companies across the US, Europe, and additional markets. This index furnishes investors with a holistic view of the leveraged loan landscape from a cross-market perspective.
Key Features of the New Indices
These indices leverage Bloomberg's award-winning evaluated pricing service, BVAL, which is renowned for delivering accurate insights into loan performance. To date, as of June 30, the GLOAN Index contains 1,759 loans with a staggering market value of approximately $1.8 trillion, while the ELOAN Index comprises 462 loans valued at €340 billion. This expansion also introduces around 100 sub-indices that enable institutional investors to modify their exposure with increased granularity based on geography, credit ratings, liquidity, and other essential factors.
Jasvinder Singh, Fixed Income Index Product Manager at Bloomberg Index Services Limited, stated, "With the successful launch of the US Leveraged Loan Index, the demand for additional benchmarks in Europe has been both strong and continuous. This initiative reflects our ongoing commitment to broaden the Bloomberg Fixed Income Indices portfolio and provide enhanced offerings for our clients."
Scott McMunn, CEO of the Loan Market Association (LMA), expressed excitement over Bloomberg's new indices. He remarked, "In a realm where data dominates, this represents a significant advancement in our ability to analyze and gain insights into the European leveraged loan market." The LMA is closely collaborating with Bloomberg to foster ongoing thought leadership and provide enriching insights into this area.
Comprehensive Insights and User Access
The suite of leveraged loan indices from Bloomberg is meticulously formulated to empower investors to optimize their portfolios. These tools assist in evaluating credit strategies across public and private sectors while keeping a tab on emerging trends within the corporate credit domain. Each index features:
- - Proprietary pricing from BVAL to ensure precise insights.
- - Monthly return universes and daily updated projections to keep investors informed.
- - The capability to create composite indices by merging with other major Bloomberg indices, such as High Yield and Loans.
- - Utilization of Financial Industry Global Identifier (FIGI) and Bloomberg's ID BB for seamless data interoperability and trade workflows.
- - A transparent methodology that governs how indices are constructed and rebalanced, ensuring reliability and clarity.
- - Easy access through the Bloomberg Terminal, which includes daily data and portfolio analytics tools.
Further Developments in the Loan Market
The new indices showcase a continuation of Bloomberg's growth trajectory, building upon the success of its US Leveraged Loan Index, which has been tracking more than 1,300 USD-denominated loans worth over $1.3 trillion since its initiation in January 2019. Notably, this index has achieved a cumulative return of 43.81% from inception to June 30, 2025, outperforming several key fixed-income sectors.
Central to these index offerings is Bloomberg's Syndicated Loans Data Solutions, which delivers comprehensive global coverage of the syndicated loan markets. This service is backed by over 15 years of historical data and facilitates price and liquidity discovery, while enhancing operational workflows and supporting regulatory compliance throughout the syndicated loan lifecycle. The data solutions include:
- - More than 82,000 active loans across over 200 countries and in 80+ currencies.
- - Daily BVAL pricing with multiple snapshots and contributions from broker-dealers.
- - A real-time feed that tracks new leveraged loans and their respective deal terms.
Bloomberg Terminal clients can conveniently access these Leveraged Loan Indices, track new issues, and explore relevant factsheets and methodologies through dedicated commands.
Conclusion
Bloomberg's initiative to expand its leveraged loan indices plays a crucial role in meeting the diverse needs of investors seeking greater transparency and benchmark reliability in this complex and evolving asset class. By providing innovative solutions bolstered by robust data, Bloomberg continues to enhance the way investors approach leveraged loans in today's global market.
For additional information, visit Bloomberg's publications page dedicated to Fixed Income Indices.
Topics Financial Services & Investing）
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