Libor issue hurt Q2 returns on CLO investments, says Prospect's Eliasek
Prospect Capital Corporation's interest bearing investments generated an annualised yield of 11.4% in the second quarter, down 1% from the first quarter, the firm has revealed - with the decline in Libor to blame for the decrease in its CLO yields, management said on an earnings call today
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.
Related Stories
- CVC joins short-dated trend for latest US CLO 13 hours ago
- CSAM gets happy ending as CLO 69 prices 14 hours ago
- European WAL test language is getting a little looser finds Dealscribe 14 hours ago
- New short-dated CLO brings triple-As down to 132bps 19 hours ago
- Oaktree makes it two new US CLOs this year 19 hours ago
CLOs
- CVC joins short-dated trend for latest US CLO 13 hours ago
- CSAM gets happy ending as CLO 69 prices 14 hours ago
- European WAL test language is getting a little looser finds Dealscribe 14 hours ago
- New short-dated CLO brings triple-As down to 132bps 19 hours ago
- Oaktree makes it two new US CLOs this year 19 hours ago