Loan fund outflows, refi slowdown could spur new CLOs

A fifth straight week of outflows from leveraged loan funds and a slowdown in CLO refinancing activity could further boost the new issue CLO market, which enjoyed its second busiest month of the year so far in August.

  • By David Bell
  • 11 Sep 2017

According to data from JP Morgan, leveraged loan funds reported an outflow of around $40m last week, the fifth net outflow in the past six weeks. With expectations of a Federal Reserve interest rate risk softening, retail investors have pulled cash from the loan market.

Data in the ...

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Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 4,755 19 11.75
2 Citi 4,288 14 10.60
3 Rabobank 2,633 4 6.51
4 Goldman Sachs 2,615 4 6.46
5 Barclays 2,603 8 6.43

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1 Citi 82,050.07 237 12.94%
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3 Wells Fargo Securities 62,359.46 195 9.83%
4 JPMorgan 45,920.23 145 7.24%
5 Credit Suisse 36,830.60 112 5.81%