Global credit funds & CLO's
June 2020
| Issue 224Data
CLOs
June 2020 | Issue 224
Momentum starts to gather in primary market
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Secondary market bids ramp up as double Bs in CSAM’s Madison Park Funding XXXII cover at 80.58.
Primary issuance is picking up with 13 CLOs pricing globally in May as Creditflux goes to press. At the same point in April, 6 CLOs had priced. The new breed of US CLOs have shorter reinvestment periods: May’s deals average of 1.66 years of reinvestment, which is far below the 4.66-year average in 2019.
US CLO Secondary volumes ($bn)
European CLO secondary volumes (€bn)