European CLOs' resilience has been somewhat reassuring

On the 01.20.21 at 7:55AM


Fabrice Anselmi

The quality of underlying loans will fall further but structures are adjusting to the market.

After a steep drop in the first half of the year, issuance of collateralised loan obligations (CLOs) recovered well in the second half in Europe ending at more than €23bn in 2020, down from €39bn in 2019.

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