Benchmark European 2020 CLO trades 11 points down in secondary

By Sayed Kadiri

A senior European CLO investor has flipped €21.9 million worth of notes onto the secondary market, selling eight of nine line items via a b-wic, sources say. Meanwhile, US CLO trading switched from being investment grade focused over the last month to being centred on below IG tranches yesterday: IG volumes reached $574 million versus $926 million for lower rated tranches

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TAGS: Europe CLO Secondary market Invesco Oak Hill GSO Investcorp Pricing North America