It appears that the three largest U.S. banks have begun to prepare for the much-awaited (and doubted) comeback of the CLO market.

Following the debt markets’ record rally this year, JPMorgan, Bank of America and Citigroup have been approaching leveraged loan managers to offer terms for new CLOs, according to Bloomberg. Frankfurt-based Deutsche Bank, Germany’s biggest bank, is also considering creating CLOs with loan managers.

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