Euro CLO spreads open a window for managers to reset deals

Markets1 px230 x 150 for gc
By Tom Brown
06 Aug 2019

After a month of record issuance in July, CLO spread levels have tightened into a range to create a window for managers to reset older transactions in August.

While loan spreads have not tightened as much as anticipated, CLO spreads are nearing their tightest levels of the year.

“I think more and more people are going to try and figure out if the economics can work for a reset,” said a syndicate banker.

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