The global syndicated loan market totaled more than $4.5 trillion in 2007, an increase of 13% over 2006 and 32% over 2005. The largest market was the United States, with $2.1 trillion in loan activity, an increase of more than 20% over 2006. The second largest market was the United Kingdom, with $376.3 billion in syndicated lending. Secondary trading in the market has also grown significantly in the U.S., with an estimated 92% increase in trading volumes in 2007 over 2006.
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