CLO pipeline: newcomer emerges with unusual transaction6 days ago
The US CLO pipeline continues to fill up, with 20 new issue US CLOs featured and another 17 deals set to be refinanced.
Florida-based manager revives plan for rare emerging markets CBO7 days ago
RVX Asset Management has launched an unusual securitisation backed by emerging markets debt, according to market sources
CLO pipeline: deal flow picks up as Amherst and SocGen work on mandates13 days ago
This week’s CLO pipeline looks very healthy in the US broadly syndicated loans CLO market with Amherst Pierpont and Societe Generale among the firms working on mandates
Euro CLO b-wic round-up: secondary volumes increase amid demand for short-dated paper14 days ago
Last week saw over €230 million of European CLO items listed on the secondary market, matching the almost €1 billion seen in refinancing volume.
Tikehau changes tack and opts for three-tranche CLO refi14 days ago
Tikehau Capital has refinanced three tranches of its second CLO from 2016 named Tikehau CLO II
CIFC kicks off in Europe as its first CLO on the continent enters marketing stage14 days ago
CIFC Asset Management has launched its debut European CLO transaction, with eyes to becoming the continent’s fourth debut manager of the year
Napier Park joins Europe's CLO manager club after pricing first deal via Citi14 days ago
Napier Park Global Capital on Friday became the third debut CLO issuer in Europe of 2019, according to market sources
BlackRock becomes fifth European CLO manager to refinance17 days ago
BlackRock today became the latest European CLO manager to join the budding refinancing wave, having teamed up with Morgan Stanley to reprice the debt liabilities of BlackRock European CLO II
Global CLO league tables at a glance - May 2019 YTD17 days ago
Global CLO league tables at a glance - May 2019 YTD
Euro CLO league tables: May’s refinancings fall just shy of €1 billion17 days ago
European CLO monthly issuance has stayed roughly level since February what has differed recently though is the volumes of all forms of refinancings.
Fair Oaks prices €332 million debut CLO via Deutsche Bank18 days ago
Fair Oaks Capital became a first-time CLO manager today, issuing its debut deal named Fair Oaks Loan Funding I
MeDirect to make CLO comeback as it markets European deal via Barclays18 days ago
MeDirect Bank is looking to issue a European CLO for the first time since 2013, according to market sources
Napier Park targets 114bp triple A print as it markets first euro CLO19 days ago
Napier Park Global Capital has begun marketing its debut euro CLO and is targeting a 114 basis point print on its triple As
Spreads tighten as ICG prices second euro CLO of 201919 days ago
Intermediate Capital Group teamed up with Bank of America Merrill Lynch yesterday to price a new issue CLO named St Paul’s CLO XI
Tikehau targets new tight print as it markets €359 million CLO refi20 days ago
Tikehau Capital is marketing its first CLO transaction of the year, teaming up with Citi to refinance Tikehau CLO II
CLO pipeline: new business and manager returns add ray of light as arbitrage clouds the picture21 days ago
The near-term CLO pipeline is shrinking amid familiar cries that the equity arbitrage is challenging. Adding to constraint fundamentals, the usual summer torpor is also approaching.
Euro CLO round-up: after three-year hiatus, two Apollo/Redding Ridge CLOs come along at once21 days ago
The Japanese bid for CLO triple A notes is taking a break for at least a few weeks, according to market sources, effectively removing a key contributor to the benchmark levels set this year.
Market bemoans Europe’s lack of CLO manager tiering25 days ago
Manager tiering became a hot topic in Europe again last month following Credit Suisse Asset Management’s decision to break with tradition by syndicating its triple A notes in Madison Park Euro Funding XIV, rather than place the notes with an anchor investor.
Cayman Island hopping: EU laws provoke switch in CLO listings25 days ago
The Cayman Islands Stock Exchange (CSX) is set to become the listing place of choice in 2019 for CLOs put together by US managers — at least, according to a bold prediction by law firm Harneys.
Doing CLOs is hard work as recovery lags25 days ago
There’s scrutiny on staffing, structures and, of course, ‘the challenging arb’. But Q4 volatility created opportunity, which led speakers at the Creditflux CLO Symposium to ask for more
DWS backs away from planned ESG-style European CLO25 days ago
DWS has dropped plans to launch a European CLO, sources say. It is unclear why DWS, the asset management arm of Deutsche Bank, has turned its attention elsewhere, but one source says that the capital-intensive nature of putting together risk retention-compliant deals likely weighed on the firm.
Invesco returns to market with its second 2.0 European CLO26 days ago
Invesco has priced its second euro CLO after entering the European market in November last year, according to market sources
Redding Ridge does without single B debt as it prices European CLO26 days ago
RRE 2 has an unusual debt structure for a European transaction, with the CLO opting against a single B tranche. At the opposite end of the structure, the triple As are issued in senior and junior tranches which priced at 113 and 150 basis points over Euribor respectively
CLO pipeline: Black Diamond looks to brush itself off and jump back in ring after year out27 days ago
Black Diamond Capital Management features twice in our CLO pipeline this week, as the firm is planning a return to both the European and the US CLO market.
Euro CLO round-up: benchmark ruffles up, but junior tranches sit tight27 days ago
CLO triple A benchmark levels underwent a shake-up last week as Credit Suisse Asset Management and HPS Investment Partners brought deals to the market with first-pay tranches printing above the recent benchmark of 108.5 basis points
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