Loan Note: CLOs prepare for end of LIBOR; M&A market could see sharp slowdown

With the LIBOR benchmark rate due to be retired at the beginning of 2022, new research reveals how CLOs are adapting. Also: could the booming M&A market be about to experience a slowdown? Here's today's brief for our valued subscribers only.

They said it

“My concern is if a client is looking for yield, there is a reason you’re getting a much higher yield than a Treasury, and that’s an increase in risk.”

Paul Auslander, director of financial planning at investment manager ProVise, tells Bloombergthat private credit products targeted at wealthy individuals aren’t without their risks.

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