🍪 Our Cookies

This website uses cookies, pixel tags, and similar technologies (“Cookies”) for the purpose of enabling site operations and for performance, personalisation, and marketing purposes. We use our own Cookies and some from third parties. Only essential Cookies are used by default. By clicking “Accept All” you consent to the use of non-essential Cookies (i.e., functional, analytics, and marketing Cookies) and the related processing of personal data. You can manage your consent preferences by clicking Manage Preferences. You may withdraw a consent at any time by using the link “Cookie Preferences” in the footer of our website.

Our Privacy Notice is accessible here. To learn more about the use of Cookies on our website, please view our Cookie Notice.

European CLO Wrap — Full speed ahead Barcelona as triple-A benchmark drops to 141bps

Share

Market Wrap

European CLO Wrap — Full speed ahead Barcelona as triple-A benchmark drops to 141bps

Michelle D'Souza's avatar
Tanvi Gupta's avatar
  1. Michelle D'Souza
  2. +Tanvi Gupta
•6 min read

Ahead of the Global ABS conference, a Friday flurry consisting of five CLOs priced quicker than you can say Barceloneta Beach. These deals brought European CLO issuance last week to over €1.8bn with one new issue, two resets and two refinancings priced on the final day of the month.

The late sprint lifted May’s new issue CLO volume to €5.87bn, according to 9fin data.

CLO volumes are soaring higher than the towers of La Sagrada Familia with May registering the highest monthly volume since January 2022 (€5.09bn). It brings year-to-date new issuance volumes to €21.47bn.

CLO issuance, however, is expected to be a lot quieter this week as the market basks in the Barcelona sun at Global ABS.

Recently Published

What are you waiting for?

Try it out

  • We're trusted by 9 of the top 10 Investment Banks