Heavy demand, ease of risk retention open US CLO floodgates
A wave of new US CLOs have been priced in the last week, with a slew of managers, some of whom have been long absent from the primary market, taking advantage of easy risk retention financing and heavy demand from debt investors to push deals through the pipeline.
In the last ten days, 11 new issue CLOs have been priced in the US market, marking one of the busiest periods in the last two years.
According to analysts at Bank of America Merrill Lynch, 10 deals were priced last week for a total of $4.9bn, the highest
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