European CLO equity outperforms single Bs amid high return dispersion: Bank of America
European CLO returns have been negative across the capital structure this year, a research paper from Bank of America has found. Losses have been softened however due to an increasing three-month Euribor rate, high carry relative to corporates and relatively stable equity returns.
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
CLOs
- 34% of CLOs rated by Fitch out of reinvestment 1 day ago
- Canadian bank adds to CLO syndicate team 1 day ago
- Fidelity grows Euro CLOs under management to €1.5 billion 1 day ago
- Sterling-denominated leveraged debt faces greater challenges than euro, says Fitch 2 days ago
- Student loans emerge as headwind for loan market, says BofA 2 days ago