CLO issuance could return this month after volatility slammed the breaks on activity in August, Standard & Poor’s said in a research report Monday. The pipeline is backed up to the tune of about $5 billion, spread among 13 deals.
“Issuers delayed deals…but we expect a number of these and other transactions to come to market over the next two months,” the agency said.
S&P added that if liability spreads edge out less on a relative basis, issuers still picking up loans coudl profit from the steeper yields.
