European structured finance - July 2024

July closed with around EUR14.5bn of bonds placed with investors, which was up around 25% on June. Among that total, CLOs and RMBS led the way. CLOs accounted for 22 deals, and 12 of those were new issues (the rest being nine resets and one refi). July's tally of EUR5.2bn took the YTD new issue CLO total to EUR30bn. RMBS sales of around EUR4bn helped the YTD total to nearly EUR35bn and more than double the volume seen at the same stage in 2023. The auto market was more subdued, with just two deals printing.

Please see the attached report for more: IGM_European_SF_Review_07_2024.pdf

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