Sales of U.S. collateralized loan obligations reached a fresh annual record on Friday, topping $131 billion, as investors clamor to buy securities that offer high ratings and protection against inflation.
New issuance surpassed 2018’s record of $130.4 billion, and may not slow down in the coming months. Some banks are projecting that CLO sales can go as high as $160 billion, and there are some 200 short-term credit lines funding upcoming transactions.
