CLO new issuance in both US and Europe was unusually high with 28 new CLOs in US raising US$15.0bn, and seven new CLOs in Europe raising €2.9bn. More significantly global YTD issuance has now reached US$21.4bn in US across 38 deals, and €3.7bn in Europe across nine deals, which is the best start to a year since the CLO crisis. NAV was up 0.41% to 74.04c, shares are trading on 13.9% discount.
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Record start for CLO new issuance
- Published:
21 Mar 2018 -
Author:
Paul Glover -
Pages:
3
CLO new issuance in both US and Europe was unusually high with 28 new CLOs in US raising US$15.0bn, and seven new CLOs in Europe raising €2.9bn. More significantly global YTD issuance has now reached US$21.4bn in US across 38 deals, and €3.7bn in Europe across nine deals, which is the best start to a year since the CLO crisis. NAV was up 0.41% to 74.04c, shares are trading on 13.9% discount.