Tail wags dog as European CLOs' 108bp benchmark drags loans

By Sayed Kadiri

European CLOs usually price on the back of where underlying loans are printing, but this year the reverse looks to be true

Subscriber-only article

This article is available only to Creditflux subscribers and free trial users within 30 days of publication.

Already a subscriber? Not logged in? Click here to login.

If you have not already done so,
you may request a FREE TRIAL by clicking here

This trial will give you:
  • 4-weeks' free online access to our
    most recent subscriber-only articles
  • Daily breaking news alert sent by email
  • A print copy of Creditflux

If you currently have a free trial, you will see this message when you try to view articles older than 30 days.

TAGS: Europe CLO CSAM Carlyle BlueMountain GSO Investcorp Pricing Spire Leveraged loans Primary market HPS

Comment by: Anonymous. Posted 1 year ago [2019-02-20 13:16:32]

I'd say finally the market is starting to price correctly. The CLO (ABS) market largely finances the (institutional) leveraged loan market so loans should price accordingly.