CLO primary, refinancing markets to stay active through year-end; secondary action thin

By Cristal Cody

Tupelo, Miss., Nov. 27 – CLO pricing action is expected to continue into the final weeks of 2017 with market sources predicting more than $100 billion of new issuance for the year.

The CLO refinancing space also is expected to stay active into December with already more than $145 billion of vintage CLOs refinanced and/or reset year to date.

Still, many in the market are gearing up for the end of the year, according to informed sources.

Little action was seen in the CLO secondary market on Monday, while overall securitized secondary trading is thin, sources said.

On Friday, trade counts were too few to note, according to Trace.

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