US CLO Sales Reach Nearly $185 Billion to Surpass Record
- Tightening spreads, AAA bond redemptions driving issuance
- Third time since 2018 a new benchmark has been reached
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About $184.7 billion of bonds backed by buyout loans have been issued this year, setting an annual issuance record for the third time since 2018.
Sales of collateralized loan obligations, which package leveraged loans into bonds, have climbed past the $183.8 billion record set in 2021, data compiled by Bloomberg News shows. Before that, the level to beat was $130.4 billion, in 2018.