US CLO issuance down 32% in 2016
New issue CLO volume dropped 32% year over year in 2016, according to Fitch, despite a year end flurry of issuance as the market raced to get deals done ahead of new risk retention rules.
The CLO market closed out 2016 with 136 deals worth $63.5bn, according to Fitch’s quarterly CLO market report. That represents a 32% decline from $93.1bn of issuance across 177 CLOs in 2015.The overall decline was in spite of a late year push among managers rushing to get ...
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