European CLO Distributions Lag

26 Jul 2011

Distributions to equity tranches in European collateralized loan obligations continue to lag behind flow to U.S. CLOs, according to Morgan Stanley analysts in a client call Tuesday.

Distributions to equity tranches in European collateralized loan obligations continue to lag behind flow to U.S. CLOs, according to Morgan Stanley analysts in a client call Tuesday.

“In the 2007 vintage, 92% of U.S. CLO universe is actually cash-flowing to equity tranches, but only 58% of European CLO ...

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