Although bankers have been talking for some time about the improved sentiment in the leveraged loan market, the marketing of two new CLOs in the US at the beginning of May is the first clear sign that institutional appetite for this type of structure has returned.
The deals are a $300 million transaction for private equity house Apollo, arranged by Citi, and a $500 million CLO for San Francisco-based Symphony Asset Management, which is owned by Nuveen Investments.
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