Secondary Trading Signals a Tougher Landscape for US CLO Equity
This week saw several US CLO equity tranches trade or be talked at levels materially lower than on their previous BWIC dates.
This week saw several US CLO equity tranches trade or be talked at levels materially lower than on their previous BWIC dates.
US CLO Manager Report: Bain
This study examines a sample of 218 deals from 2015 to 2019, utilising the Morningstar European Euro-Denominated Loan Index as...
In the 2.0 CLO landscape, it is quite uncommon to see very high cash-on-cash equity distributions. However, 42 regular reinvesting US BSL CLO deals have distributed impressive cash payments to their equity investors, with annualized payments of around 25% or more so far this year.
