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European CLOs begin to tier as investor base decreases

City_AdobeStock_575x375_01Feb21
By Tom Brown
19 Jul 2021

Investors in triple-A rated European CLOs are using their pricing power to discern between trades, causing some deals to be priced more tightly than the recent trend of spreads widening towards 100bp, while other paper has had to offer spreads even cheaper than this.

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By Tom Brown
19 Jul 2021