Activity may be down sharply in CDOs, but there could be early signs of life returning to the CLO market, which in turn may signal a pickup in demand for leveraged loans in coming months, according to a market participant who is involved with trust services for the securitization market.
''We are starting to get requests for proposals,'' said Mikus Kins, senior vice president and head of CDO Europe at LaSalle Global Trust Services. Kins was attending this weeks global securitization conference in Cannes, France. LaSalle Global Trust Services has been a unit of Bank of America since October 2007. The firm, once owned by ABN AMRO, provides trust and agency services for the securitization markets.