From BB to Equity: CLO MVOC and Equity NAV (24 April 2026)
April 27, 2026
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Among the 2012–2021 vintages, only 1.8% of EU CLO BB tranches show an MVOC below 100%, compared with 15.5% or US BSL CLOs. Meanwhile, 19.0% of US BSL deals report negative equity NAV, versus 15.4% for EU CLO deals.
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