Euro CLO senior spreads creeping tighter

By Tom Porter
18 Sep 2014

The spreads paid on senior European CLO notes by managers in the next couple of weeks could be some way inside the average for the year, despite as many as four transactions being ready to price after a lengthy quiet period for the primary market.

The average spread on senior European CLO notes has been anchored firmly around the 138bp over three month Euribor mark for the vast majority of this year.

However, the guidance released by managers on the latest run of imminent deals indicates prices could be tightening.

Sankaty, Alcentra, Carlyle ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial