Tail wags dog as European CLOs' 108bp benchmark drags loans

By Sayed Kadiri

European CLOs usually price on the back of where underlying loans are printing, but this year the reverse looks to be true

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TAGS: Primary market Pricing Spire Investcorp HPS GSO CSAM Carlyle BlueMountain Europe Leveraged loans CLO

Comment by: Anonymous. Posted 1 month ago [2019-02-20 13:16:32]

I'd say finally the market is starting to price correctly. The CLO (ABS) market largely finances the (institutional) leveraged loan market so loans should price accordingly.