Investors scramble for paper as European CLO supply dries up
A lack of supply in the European CLO market this summer has left investors desperate to source bonds, with the few deals moving through the pipeline seeing heavy oversubscription and tight spreads.
A new issue deal from Bain Capital, the second to be priced in August, was sold this week via Citi.
The triple-A class of Bain Capital Euro CLO 2017-1 was priced at 87bp over three month Euribor, at the tighter end of the triple-A range seen in European
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