Global issuance of CLOs is at $5.0 billion via 13 deals for the year to date through July 15, according to Dealogic.
That's more than double the $2.3 billion issued via 15 deals during the same period of 2010 year-to-date volume of $2.3bn (15 deals) and the highest.
Year-to-date issuance hasn’t been this the record $77.9 billion issued via 161 deals during the same period of 2007.
U.S. issuance accounted for 92% of the total; the remainder was issued in Japan and South Korea.
The $917 million Ares Enhanced Loan Investment Strategy III LTD, which was issued on July 13, is the largest issue year to date.
BlueMountain’s $307 million CLO, issued on July 14 was the second deal issued this month.
Bank of America Merrill Lynch leads the Global CLO bookrunner rankings with 52.5% market share, followed by Morgan Stanley with 23.3%, and Citigroup Global Markets with 10.7%
