Deutsche Bank helps reduce global backlog of LBO debt

04/16/2008 | Bloomberg

With Deutsche Bank preparing to sell some of its leveraged buyout debt, Bank of America analysts say the global glut of LBO debt may drop to less than $100 billion. Banks were stuck with $237 billion in loan commitments following the subprime meltdown, but underwriters of debt have whittled that down by more than half. Breaking ranks with their lending groups, banks have offered their LBO loan holdings at significant price cuts to raise capital and shore up their balance sheets.

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