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International Finance Corp’s drive to introduce development finance to the CLO market is advancing. Its second deal of $509m had more investors, more tranches and better pricing, supporting its rapid growth
Divisions deepen over multilateral development banks’ climate commitments
Deal rules and slow primary market make ramping up deals difficult
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Market super-busy but investors beginning to reduce orders
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Thirty-two banks fund the new combined self-arranged RCFs
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Market Analysis
Asia SLLs go ‘mainstream’ as issuers focus on reputational riskThere are challenges, however, especially around greenwashing that need to be tackled for the market’s further growth -
Nordea’s experiment shows at least some investors like SLL funding bonds
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Inflationary pressure could spark more mergers in the sector
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Songs fund switches facility to fully dollar-based
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