CLO volume reached another post-2007 high in November, as 16 managers printed $8.3 billion of new deals, topping October’s short-lived mark of $6.9 billion.
For the first 11 months of 2012, the volume of new, regular-way arbitrage deals stands at $45.8 billion. Add to that what managers expect will be another $5-6 billion of December business, and 2012 volume will likely climb to about $51-52 billion, versus $12.5 billion in 2011. That’s a giant leap for a market that produced just $15 billion of new vehicles during the extremely lean years of 2008-2010.
This chart is part of an LCD News analysis available to subscribers.
Other charts in that analysis:
- CLO volume by year
- Spreads and funding costs for CLOs
- Average CLO size
- CLO size
- Number of fund managers that issued a CLO