European CLO managers see 2021 primary slump

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By Tom Brown
16 Nov 2020

The first quarter of 2021 is set to be a cautious opening for the European CLO market, with many banks still unwilling to open new warehouses, given the volatility of this year. Sources anticipate just five to six deals landing in the first quarter.

Barclays has been looking to open warehouses with various equity sponsors, with deals landing in the second quarter of 2021.

The UK bank also helped price Bridgepoint Capital’s debut CLO deal on Friday, placing the triple-A rated notes at a discount margin of 121bp. The private equity firm is ...

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