US CLO primary hits $14bn since outbreak

By Paola Aurisicchio
23 Jun 2020

BlueMountain Capital Management, Benefit Street Partners and Western Asset Management are the latest managers to tap the CLO primary market, bringing new issuance to $14bn since the market reopened in early April.

According to Deutsche Bank, weekly issuance is clocking in at approximately $1.3bn and analysts said volume is on track to hit $55bn, the revised total that most banks have projected for full year 2020 in light of the pandemic. The new issue market has shrivelled considerably in the ...

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