European CLO total annual issuance for 2016 was the highest post financial crisis, with €16.8 billion being issued from 41 transactions. Year to date 2017 is ahead of the same period in 2016. With default rates at these levels it is clear why there continues to be investor appetite for CLOs.

{ CL formation is strong because CLO performance has been extraordinary. 

http://www.lsta.org/news-and-resources/news/clos-the-big-long