In the Chinese Zodiac, 2011 is the year of the rabbit. But in leveraged finance, 2011 may be the year of the CLO, with this investment vehicle bringing more deals to the leveraged loan market.

Analysts at Wells Fargo and JPMorgan Securities projected CLO issuance will reach between $10 billion and $15 billion in 2011, while analysts at Barclays Capital said that number could be as high as $20 billion. That is more than double the $5 billion worth of new CLOs arranged in 2010.

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