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

By Sayed Kadiri

Wednesday, February 20, 2019

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

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

Comment by: Anonymous. Posted 5 years 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.

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