CLOs Looking To Spend, Nothing To Buy

29 Jan 2010

Collateralized loan obligation managers have more cash on hand as companies use bond issuance proceeds to pay down bank debt, but until new issuance picks up in the loan market that money is burning a hole in their pockets, market players said.

--Katherine Greene

Collateralized loan obligation managers have more cash on hand as companies use bond issuance proceeds to pay down bank debt, but until new issuance picks up in the loan market that money is burning a hole in their pockets, market players said. “CLOs’ cash on hand this ...

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