CLO issuance continues apace as risk retention nears

By Will Caiger-Smith
28 Aug 2014

New CLOs continued to hit the US market this week even as issuance of other securitized products slumbered — and that will only continue next week after Labor Day, as regulators turn their attention to risk retention rules after passing Reg AB II on Wednesday.

CIFC, Octagon Credit Investors, Slivermine Capital Management and BlueMountain Capital Management priced new CLOs this week, totalling just over $2.5bn. That takes new issuance so far this year — excluding refinanced deals — to just under $75bn, according to GlobalCapital data.

Plenty of new deals are in the ...

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