The market for CLOs of leveraged loans

An increase in leveraged buyout activity and a concomitant rise in demand for primary loans have boosted the issuance of collateralised loan obligations based on leveraged loans


A conspicuous trend in the CDO market in 2005 was the continued expansion in the market for leveraged loan CLOs. According to Standard & Poor's, 2005 was a record year for this important pocket of the CDO market, with 24 transactions rated by the agency, a 33% increase over 2004. Research published by Dresdner Kleinwort Wasserstein (DrKW) puts issuance in 2005 at EUR10.6bn in 23 transactions from 15 managers, compared with EUR6bn in 2004.

"This increase in CLO issuance can be explained by high

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here