Collateralized loan obligation managers are expected to extend a run of frenzied sales this month as they continue to cut deals at sweetened terms.
No less than seven new-issue CLOs are currently marketing following one of the strongest Januarys in years. There are also two refinancings and at least four so-called resets of older deals on offer.
The rise in sales comes as risk premiums for new transactions, which package and sell leveraged loans into tranches of varying risk and potential return, have tightened to pre-pandemic levels.
Volta Finance Limited (LON:VTA) is a closed-ended limited liability company registered in Guernsey. Volta’s investment objectives are to seek to preserve capital across the credit cycle and to provide a stable stream of income to its Shareholders through dividends that it expects to distribute on a quarterly basis.
