CLO issuers split triple Bs as mezz demand shrinks

By Seth Brumby

Thursday, November 07, 2019

A sharp fall in US loan prices has meant that the value in CLO structures is shifting out of mezzanine tranches and into equity. There is a similar dynamic at play in the credit index tranche market, where sources say value has shifted out of mezz and into equity amid an increase in idiosyncratic credit risk.

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TAGS: CLO THL Pricing Primary market North America

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