Sofr transition timing puts CLO debt and equity at odds, says BNP Paribas

By Dan Alderson

CLO investors look to have tough conversations ahead on the structure implications of the transition from Libor to Sofr, with BNP Paribas strategists noting CLO debt will benefit from an early move while equity tranches would do better to wait

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TAGS: Europe Regulation Research Structured credit CLO BNP Paribas Secondary market Leveraged loans Primary market North America