European CLO Debt Looks Too Good to Ignore in 2020
- Supply totals record 29.8 billion euros as more issuers enter
- Arbitrage and loan issuance may slow CLO creation next year
This article is for subscribers only.
Europe’s CLOs are set to move into 2020 offering some of the most attractive spreads available in the corporate debt world.
This year saw new managers flock into the asset class, contributing to just under 30 billion euros ($33 billion) of issuance and setting a fourth consecutive supply record.