A deposit-insurance rule change that takes effect April 1 has been spurring issuance of collateralized loan obligations, according to Barclays.

In its weekly roundup of credit market research, Barclays notes that CLO creation has accelerated recently following a brief lull in early February. Analysts attribute this to managers’ desire to place deals ahead of a new Federal Deposit Insurance Corp. rule that could negatively affect spreads on triple-A tranches of these deals.

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