CLO market set for pause to digest oversupply

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By Paola Aurisicchio
21 Apr 2021

The CLO market is expected to take a pause after the oversupply of the first months of the year, allowing investors to digest the unprecedented volume of new issue, refi and reset, and giving much needed breathing space to market participants. Managers, sources say, are in less of a rush to lock in tight spreads, as the market is considered healthy and more stable in the medium term.

AGL Credit Management and Palmer Square, after being to the top of the US CLO issuers in 2020, continue to establish themselves among the most prolific issuers. 

Palmer Square, the Kansas-based firm, priced a $518m CLO on Tuesday with senior notes sold at 115bp over three month Libor via ...

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