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CLO market expects more widening in euro triple-As

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By Sam Kerr
08 Jun 2021

Some European CLO issuers have been sitting on the sidelines of the new issue market waiting for financing conditions at the top of the stack to tighten in order to make deals more economically attractive. However, the huge supply of refinanced and reset CLOs continues to push spreads even wider, meaning that managers may have to bite the bullet and issue deals at levels they may not entirely be comfortable with.

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By Sam Kerr
08 Jun 2021