CLO issuance forecasts slashed as virus shutdown extends

BondPrices_Adobe_575x375
By Paola Aurisicchio
16 Apr 2020

Analysts are revising forecasts for new CLO issuance, predicting a steep drop from $90bn projected at the beginning of the year to about $55bn for full year 2020, according to Deutsche Bank.

The CLO market came to a halt in mid March, but resumed in early April, with managers pricing a trio deals in slightly tweaked formats. The offerings included the $476m Stratus CLO I from GSO on April 3, the $446m RR 9 CLO from Redding Ridge on April ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial