Euro CLO warehouses reopen after spreads tighten

Canary_Wharf_PAImages_230x150_09Dec12
By Tom Brown
20 Jul 2020

European CLO managers have begun opening up warehouses again, according to two sources. Newly collateralised Covid-19 era CLOs are set to emerge, as the market heads into 2021 following a primary issuance drop-off as a result of the pandemic.

CLO managers are determining which banks to mandate after finding warehousing terms more attractive than those offered at the height of the crisis in March and April.

Sources said warehouse terms had become more appealing to managers in recent weeks, after spread levels on CLOs tightened in line with broader capital markets, ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial

Want to learn more? View subscription options