US CLOs on track to return to pre-Covid levels

By Paola Aurisicchio
01 Jun 2020

Spreads on triple-A CLOs are tightening, with investors predicting a snap back to pre-pandemic levels this summer.

Over the last two weeks, triple-A spreads have reached the tightest levels since the pandemic began.

Bain Capital Credit last Friday priced a $389m CLO via Credit Suisse that included $240m of senior notes, rated triple-A by S&P Global Ratings and Fitch. The bonds were sold at 185bp over ...

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