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2021 EU CLOs: First Reported WAS Less WACC (Based on DMs) Trend

2021 EU CLOs: First Reported WAS Less WACC (Based on DMs) Trend The graph above shows the net interest margin trend of EU CLO deals. Net interest margin refers to the first reported weighted spread (trustee) net of the weighted average cost of liabilities (rated tranches) based on discount margins (rather than coupons). The x-axis…

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