A buoyant start to the year for the European CLO market has been supported by strong secondary market activity driving spreads to new tights in January. Meanwhile, the primary market got off to a slow start, but over the past week has begun to attract increasing attention.
“The overall recovery in the European CLO market from the Covid-driven price collapse has been remarkable in its speed in comparison to 2008 and it seems to keep accelerating,” says one CLO investor.
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