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Stock impact report

Palmer Square Capital Launches European CLO Index [Yahoo! Finance]

Palmer Square Capital BDC Inc. (PSBD) 
Company Research Source: Yahoo! Finance
MISSION WOODS, Kan., April 08, 2024 BUSINESS WIRE )--Palmer Square Capital Management, a credit-focused asset management firm with over $30 billion in assets, has announced the launch of an index designed to benchmark the European collateralized loan obligation market. The Palmer Square CLO EUR Debt Index is a rules-based observable pricing and total return index for European CLO debt. It is the first broadly available CLO manager provided index for European CLO debt. The data is broken out by tranche and includes total return information and statistics such as spread, yield and price. The index will be available to all Palmer Square clients for free and to non-clients as a free 12-month trial. Christopher Long, Chairman and CEO of Palmer Square, said, "Investors around the world are increasingly seeking to gain access to the dynamic and growing European CLO market. With the launch of our European index, we are pleased to provide these investors with a convenient, manager affilia Show less Read more
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