US CLO New-Issue Pricing and Manager MVOC: Where Do They Align?
September 28, 2026
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The sample comprises 29 US CLO deals priced between 6 August and 25 September 2026. For each deal, the table shows the pricing date, discount margins (DMs) from AAA to BB in bps, the CLO manager and the manager’s MVOC percentile. The August–September 2026 sample shows a clear pattern as shown in the table in this article: deals from managers with higher MVOC percentile rankings priced at tighter average DMs across every rating category from AAA to BB.
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