Optimism among market participants regarding CLO issuance in 2012 appears to have increased in the past few weeks.

According to Moody’s Investors Service, market participants expect between $15 billion and $25 billion in new CLOs this year. This is up from projections from analysts, which ranged from $12 billion to $20 billion at the end of 2011, and shows a general improvement in the mood of the market. In December, the $20 billion projection was considered optimistic. Total issuance last year was roughly $13 billion, according to Moody’s.

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