US CLO primary hits $14bn since outbreak

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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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