New issue CLOs decline but refis and resets flourish

New issue CLO supply declined slightly in March, though reset and refinancing activity continues to boom, with managers taking advantage of tight spreads.
The CLO market has had one of its biggest starts to the year since the financial crisis, as the massive recovery brought more CLO issuance than expected and stimulated investor demand.
However, the market experienced the first month-on-month decline of the year in new deal issuance in March, ...Already a subscriber? Login