Thin Arb CLO Issuance Expected

11 Jun 2008

Arbitrage AAA collateralized loan obligation issuance is expected to be very thin until liability spreads tighten in as market conditions are unfavorable for issuers of the structures.

--Cristina Pittelli

Arbitrage AAA collateralized loan obligation issuance is expected to be very thin until liability spreads tighten in as market conditions are unfavorable for issuers of the structures. New CLO prints are currently trading at 150 basis points over LIBOR, compared with 20 basis points over last year, ...

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