Jefferies International's global head of CLOs Laura Coady says the interest rate-cutting path Europe is on at the moment "bodes well" for M&A. "If you think about M&A in total over the last year, it's probably been elevated by 30% of overall issuance," Coady tells Bloomberg Television. "We really need to see that get back to its kind of normal average of about 50% and that really means the picture for next year is going to be incredible for for CLOs in that respect." This interview occurred on November 13.