‘Year-end jitters’ come early for European CLO market as spreads widen

Tom Brown

November 14, 2019 02:45 PM

Credit_Suisse_230x150_14Nov19 — An outside view of the Credit Suisse headquarters on Paradeplatz in Zurich, Switzerland on October 28, 2019. In a scandal that has rocked the staid world of Swiss private banking, Credit Suisse has seen its chief operating officer resign after he ordered the surveillance of a star banker who was wrongly suspected of poaching clients and employees after he defected to join a rival bank. Pierre-Olivier Bouée stepped down after he admitted to asking the Credit Suisse head of global security services to place the former head of wealth management, Iqbal Khan, under watch, over unfounded concerns that he was poaching clients and employees for his new employer, UBS. Photo by Francois Glories/ABACAPRESS.COM | Glories Francois/ABACA/ABACA/PA Images

The European CLO market has widened from the long standing 90bp level for triple-A bonds seen for much of 2019, as the pricing difference between new and more established managers begins to blur.

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Deutsche Bank Morgan Stanley Credit Suisse Securitization LevFin Securitization - CLOs LevFin - CLOs Europe Barclays EMEA Goldman Sachs

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Tom Brown