Collateralized loan obligations (CLOs) were abandoned after the global financial crisis (GFC) of 2007-2009. Since then, CLOs have made a comeback due to their strong performance during the GFC and beyond. CLO notes issued

A type of refinancing transaction is becoming more popular in the $1.3 trillion market for collateralized loan obligations, a sign the industry is healing as concerns over surging inflation and

Gone are the days when investing was limited to numbers and charts alone. As the stock market has been unsettling for investors over the last year, some have become dissatisfied

What Is a Collateralized Loan Obligation (CLO)? A collateralized loan obligation (CLO) is a portfolio of predominantly senior secured loans that is securitized and actively managed. Each CLO issues a series of

This article provides an overview of collateralized loan obligations (CLOs) as securitizations backed by diverse portfolios of senior secured leveraged loans, their historical performance and default rates, and how they

Collateralized Loan Obligations are now an established asset class, but Credit Risk Sharing is perhaps less well understood. We think it’s time for investors to appreciate what both can offer

While issuance levels might continue to be lower than expected, the European CLO market continues to perform well according to Fitch. It has been two years since it downgraded a

The world of finance has always been a complex and ever-evolving landscape, with new financial instruments and investment strategies emerging regularly. One such area that has seen significant growth in recent years

The first joint publication between Yield Book and Refinitiv LPC is now available. This paper covers what a Collateralized Loan Obligation (CLO) is, why it’s a compelling structured product, and