Banks increase CLO forecasts as issuance thrives

Banks are increasing their US Collateralized Loan Obligation (CLO) forecasts with issuance set to surpass some of the most pessimistic 2017 predictions.

The market has defied expectations with issuance this year of US$49bn through June 23, 90% higher than the same period last year, according to Thomson Reuters LPC Collateral. If these revised forecasts are realized, 2017 would be among the top five years of volume ever. Issuance in 2014 of US$123.6bn is the record.

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