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ARTICLE · 08 JANUARY 2014

The CLOser - January 2014

Maples Group
Maples Group
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Maples Group

Maples Group

The Maples Group, through its leading international law firm, Maples and Calder, advises global...

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The CLOser is Maples and Calder's industry newsletter focused primarily on current Cayman Islands and Irish legal issues relevant to the CLO market.

GlobalFinance and Banking
Alasdair Robertson
Alasdair Robertson
Mark Matthews
Mark Matthews
John Dykstra
John Dykstra
Scott Macdonald
Scott Macdonald
Tina Meigh
Tina Meigh
Nicola Bashforth
Nicola Bashforth
Jonathan Meloy
Jonathan Meloy
Joanne Ziegler
Joanne Ziegler
Paul Parker
Paul Parker
+4 more
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The CLOser is Maples and Calder's industry newsletter focused primarily on current Cayman Islands and Irish legal issues relevant to the CLO market. In this edition of the CLOser, we will provide:

  1. a 2013 US and European CLO market review and 2014 predictions;
  2. an analysis of warehousing facilities by our affiliate, Maples Fiduciary ("MaplesFS");
  3. an update on FATCA for Cayman CLO issuers; and
  4. 2013 CLO deal lists.

2013 – A YEAR IN REVIEW1

US Market

The US CLO 2.0 market continued its impressive year on year resurgence in 2013 with approximately $82 billion of issuance (more than a 50% increase on 2012 issuance) across 179 CLOs from 91 different managers. Of those, 166 were issued via Cayman Islands registered entities, 12 Delaware and 1 Irish issuer.

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