金融市场

European CLO issuance hits record rate as investors chase yields

Launches of vehicles that scoop up risky loans top €22bn in first five months of the year
CLOs are now back in favour with investors in Europe after being shunned post the 2008 crash

Investment vehicles that scoop up risky loans are being launched at a record rate in Europe this year, in response to demand from investors hunting for yields.

More than €22.7bn of so-called collateralised loan obligations have been issued in the first five months of this year, according to Bank of America data, excluding deals that refinance existing CLOs at lower costs.

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