Please find attached our latest Appleby report which provides data, insight and analysis on the global Collateralised Loan Obligation (CLO) market.
There are a number of key themes that emerge from the statistics:
- 86 CLOs priced in the second half of 2013, compared to 96 in the first six months of the year. The total of 182 CLOs is, in aggregate, a 56% increase on the total number of deals closed during 2012 (117).
- There was US$39.9bn of issuance in the second six months of 2013, bringing the total value for the year to US$86bn, and eclipsing the 2012 total by US$33.5bn.
- Average deal size was US$464m, 3% less than the first half of the year, but showing an overall increase of 5% when compared to 2012.
- The top ten deals by value for the second half of the year represented 18% of the value for all deals for the period. Average deal size for this group was US$720m.
- The average AAA spread for deals closed between July and December 2013 was 139bp, compared to 124bp for the first half of the year.
Please find attached the full report.
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