CLO yearly volume forecast to post more than $100 billion; December secondary active

By Cristal Cody

Tupelo, Miss., Dec. 20 – The U.S. CLO primary market remains active in December with market sources predicting final issuance volume for the year to come in at more than $100 billion.

In addition, nearly $170 billion of CLOs are expected to have been refinanced and/or reset by year’s end.

In other action, the securitized secondary market saw strong activity on Tuesday with $67.28 million of high-grade CBO/CDO/CLO issues and $347.09 million of non-investment-grade securities traded, according to Trace.

Secondary market volume was lighter on Monday. During the session, trading volume included $34.86 million of high-grade issues and $24.25 million of lower-rated securities.

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