The 9fin content and analytics team wrap up the week's HY and leveraged loans deals, head of covenant research Caitlin Carey discusses liens covenants touching on permitted liens vs permitted collateral liens and ESG analyst Jack David gives us an update on sustainability-linked bonds and loans for this January. For his Cloud 9fin debut US editor Will Caiger-Smith gives us a look into his market and discusses the driving forces behind a continuing shift towards loans.