CLOs move forward but lasting change predicted

By Paola Aurisicchio
15 Sep 2020

The worst of the pandemic may be behind the CLO market, both in the US and Europe, and optimism is growing as the sector moves towards the fourth quarter. However, speaking in a market update during Global ABS on Tuesday, panellists said some important changes to the market that emerged in the last few months may be here to stay.

CLOs have moved from five year reinvestment periods to shorter duration and less leveraged deals, an important development in both the US and Europe. 

“As the trend continues into the next year, it would be interesting to see the potential revival of refinancings and resets in the market,” ...

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