Wells Fargo eyeing 20% drop in 2020 US CLO issuance

Bloomberg_volatility_chart_Adobe_230x150
By GlobalCapital
26 Nov 2019

Wells Fargo analysts are predicting a decline of up to 20% in US CLO issuance in 2020, as demand for floating rate products wanes and new issue arbitrage poses a challenge for managers.

– by Paola Aurisicchio

The bank analysts are predicting new issuance of $90bn, down from the $106bn projected for full year 2019 volumes. That is a marked decline from the high flying days of 2018, when the market notched up an all-time record for issuance at just under $130bn. ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.