CLO warehouse mania paves way for record issuance

Paola Aurisicchio

July 01, 2021 04:45 PM

Wall Street PA 230x150 — The street sign for Wall Street hangs outside of the NYSE after the Opening bell at the New York Stock Exchange on Wall Street in New York City on February 6, 2018. After Monday's 1,175.21 drop the Dow Jones industrial average gained 350 points after falling more than 500 points at the open. Photo by John Angelillo/UPI | JOHN ANGELILLO/UPI/PA Images

Positive momentum on liability spreads and attractive equity arbitrage are driving a boom in new CLO warehouse formation, with banks competing to offer better conditions. With perhaps 200 facilities active, the blistering pace of CLO formation is set to continue later in the year.

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Securitization LevFin Securitization - CLOs LevFin - CLOs

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Paola Aurisicchio