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CLO MVOC and Equity NAV Across All Tranches and Vintages (Based on Asset Prices as of May 16, 2025)

With the rally in loan prices, the number of US BSL CLO deals with negative equity NAV has declined from 317 to 168 since 21 April 2025. Among single-B tranches, the number with a market value over-collateralisation (MVOC) below 100% has fallen from 169 to 126 over the same period.

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