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Deal means 2024 will break 2021's record for middle market CLO issuance
Fair Oaks first listed the product in Germany
Both managers had to widen guidance in certain parts of the capital stack
The secondary market has tightened more and is riskier than it looks
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UK company borrows £350m in deal it claims is first in industry
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Stefano Questa joins as co-head with Eli Appelbaum to drive growth
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Tightening spreads fuel 'aggressive' issuance plans, say market participants
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IPTs are tighter than market participants expected at the start of 2024
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Spreads might tighten further, but assets tighten faster
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The rally in loans may encourage some calls, but most CLOs will prefer to cling to older cheaper deals