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Tight loan market makes it tricky to ramp CLO portfolios
Reorganisation changes reporting lines
One major bank has underwritten three infra deals in the last week
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Deal is being marketed but 175bp barrier could be tough nut to crack
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High interest rates continue to pressure hotel CMBS but assets backing latest $220m deal performing well
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Triple-A tranche could land inside early June wave of European CLOs
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A pause in issuance could have helped arbitrage recover, but several managers took an unexpected leap ahead of summer
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The deal was the first to be completed since Global ABS
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Pair have backgrounds in leveraged finance and corporate debt
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