Refinancing activity dominated the CLO market again in March, as some 50 deals totaling $20.5 billion repriced their securities, while another five totaling $2.8 billion reset their reinvestment periods. This took year-to-date refinancing and reset volume to $49.5 billion, according to Thomson Reuters LPC.

By comparison, new issuance of collateralized loan obligations amounted to $8.3 billion from 15 deals in March, up marginally from $8.1 billion (via 15 deals) in February. That brought total new issuance for the first quarter to $17.4 billion.

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