Wave of static deals heralds a reopening for CLO market

Volatility_AdobeStock_575x375_08April20
By Paola Aurisicchio, Tom Brown
08 Apr 2020

The CLO market is pushing to reopen in April, but while deals in the US are forging ahead with 'print and sprint' and static deals, Europe is lagging, write Paola Aurisicchio and Tom Brown.

After a 23-day pause in the primary market, US CLO issuance sprang back to life last week with a $425m static deal from GSO, the credit management arm of Blackstone.

That sort of short-dated issuance was of the order  sources expect to dominate revived CLO issuance as the market ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial