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UK holiday group Saga expects to resume cruises from June 27

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Europe Loan Market in Lull as Mad Dash for Cash Becomes History

Europe Loan Market in Lull as Mad Dash for Cash Becomes History This content was published on May 6, 2021 - 10:21 May 6, 2021 - 10:21 (Bloomberg) European loan issuance by companies has plummeted since last year’s record-breaking rush for cash, as borrowers turn to the better terms offered on other types of debt such as bonds. Loan sales for Europe, the Middle East and Africa fell 43% to 227 billion euros ($272 billion) between January and April from a year-earlier, according to data compiled by Bloomberg. It’s a far cry from April 2020, which saw record loans of 157 billion euros as companies rushed to raise short-term emergency funding in the face of a spreading pandemic.

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