During the first half of 2019, approximately 26 CLOs comprising new issuances, refinancings and resets, were listed on the Cayman Islands Stock Exchange ("CSX"). Of these listings, 25, or 96%, were by Cayman Islands issuers with a Delaware co-issuer. Our Cayman Islands office listed 62% of all the CSX-listed CLOs and 64% of all Cayman Islands issuers listed on the CSX.
The second half of 2019 is also shaping up for a strong performance with respect to CSX listings, with approximately 13 new issuances, refinancings and resets already listed or in the pipeline to be listed of which we are aware.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
