EU CLO MVOC and EQ NAV Across All Tranches and Vintages
June 5, 2023
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Typically, newer vintage deals tend to be ‘cleaner,’ but apparently, the 2021 EU CLO single-B MVOC metrics do not look as good compared to those of more seasoned deals (2016-2020). The median BB MVOC metrics are fairly similar across deals from 2013 to 2021, which also implies that older vintage deals have performed quite well compared to their newer counterparts.
