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Issuer's £280m deal was cleverly marketed
With equity returns under strain, managers would do well to slow the pace of CLO issuance
Issuance has kept going by giving investors just what they want
John Healey resigned because the money was not there for defence. It may not be there for anything
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Covenant-lite loans have gone out of favour in Europe very quickly in the last week — but they have been replaced by covenant-loose loans, and cov-lites may return.