Norinchukin appetite for European CLOs ‘undiminished’
Investors from Japan’s Norinchukin Bank were in London earlier this month meeting with CLO players to reassure them that the Japanese fiscal year end on March 31 will have no effect on the bank's demand for European CLO paper, according to sources.
“Their appetite is undiminished,” said an issuer, who noted Japanese investment would continue well into the second quarter. “‘More, more, more’ was the message we were sent.”
Sources said that representatives from Norinchukin also told another issuer: “We want to be on every deal you do this year.”...
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