CLOs rampant after second busiest week since crisis
Last week was the second busiest week of issuance in the global CLO market in the post-crisis era, but refinance and reset activity is set to dominate the sector for the remainder of the year, a move which is likely to facilitate further price tightening in the leveraged loan market.
CLO managers in the US and Europe sold a combined $7.1bn in the new issue market last week, the second busiest week since the financial crisis, according to JP Morgan.
Invesco then got this week off to a busy start on Monday with a $510.1m Carbone CLO, arranged
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