Although banks in Europe are proving far less prepared than their US counterparts to sell off the backlog of leveraged loans that they have been left with after the summer, which amounts to $100 billion (see feature page 98), a steady stream of CLO deals has been hitting the market on both sides of the Atlantic. In the US there have been new deals for Halcyon Structured Asset Management, Highland Capital, Symphony Asset Management, Stanfield Capital Partners and Pimco, and in Europe €1.8 billion-worth of CLO trades priced in one week in November. Deals have been launched...
