While the U.S. subinvestment-grade market, especially on the bond side, has seen a steady stream of European deals recently, one group of investors likely wouldn’t mind being shown a bit more love by these issuers and their underwriters: European CLO managers.

You are forgiven if you were under the impression that collateralized loan obligations in Europe had met their demise. Picking up the financial press or hearing talk in the broader market, one could easily come to that conclusion. And true, new CLO creation in Europe has come to a standstill, and with the broader economic issues and unfriendly regulatory environment there, no one expects that to change anytime soon.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.