19 results found Showing page 1 of 1
Manager includes double-Bs as it refinances debut CLO1 year ago
Steele Creek Investment Management has priced a refinancing of its debut CLO, according to market sources.
CLO mezz rally continues as GSO 2.0 attracts bids close to par1 year ago
The extent of the recovery in CLO double-B tranches was highlighted yesterday as a number of bonds attracted bids in the 90s in the secondary market.
Citi aims for tight pricing with hedge fund manager's latest US CLO1 year ago
Citi is aiming to price the double-B notes inside 800 basis points for a new US CLO, according to market sources. Only three other US deals have achieved this feat in 2016
Secondary market price talk points to widening in 2.0 mezz tranches1 year ago
Price talk for an upcoming bid list in the secondary CLO market suggests that mezzanine tranches are likely to widen
US CLO spreads grind tighter as BNP Paribas prices new deal2 years ago
Prudential Fixed Income has achieved the tightest triple-A CLO print in the US market for two months with its first deal of the year
Prudential CLO price talk highlights extent of recent spread tightening2 years ago
BNP Paribas has released initial price talk for Prudential Fixed Income’s forthcoming US CLO, according to market sources
Double-B spread dispersion continues on busy day in CLO secondary2 years ago
Junior CLO spreads continued to edge tighter yesterday, as $90.4 million of 2.0 tranches traded in the secondary market. However, spread dispersion became even more pronounced for double-Bs, which traded in a 700bp range
Octagon closes in on new CLO as junior debt spreads tighten2 years ago
Octagon Credit Investors moved closer to pricing its first CLO of the year yesterday as all tranches went subject
Investors bid up CVC Credit CLO as double-B spreads tighten
Double-B CLO prices are staging a recovery in the secondary market, according to buy-side sources
Bad news for budding double-B buyers as CLOs show signs of recovery2 years ago
Mezzanine tranches have taken a battering in the last quarter with CLO NAVs slipping dramatically. But there are signs that the tide is beginning to turn.
Highbridge prices $407 million CLO with triple-As at 155bp2 years ago
Highbridge Principal Strategies has priced its first CLO of the year, according to market sources. But while the triple-A portion of the capital structure appears to be stabilising, spreads continue to widen for lower-rated tranches
Crestline Denali prices dual-compliant CLO after scrapping single-Bs2 years ago
Crestline Denali Capital has added its name to the growing list of managers to complete a CLO in 2016, pricing a $359 million risk retention-compliant offering late last week
Morgan Stanley becomes first repeat CLO arranger of 20162 years ago
Morgan Stanley has become the first arranger to complete two US CLOs this year, after completing a $361.5 million deal on Tuesday
Double-Bs set to pass 900bp as new issue CLO price talk circulates2 years ago
Price talk has emerged for an upcoming CLO, giving an indication of how far the market has moved in recent months
Buy shorter dated CLO triple-As to defend against volatility, says JP Morgan2 years ago
Short-to-mid-duration CLO triple-A paper offers an attractive investment for buyers looking for downside protection, according to a JP Morgan research note published yesterday.
Double-B spreads hit 1,500bp in tough secondary market2 years ago
CLO mezzanine paper took another battering in the secondary market yesterday, as two 2014 double-B tranches traded wide of 1,500 basis points
Morgan Stanley sets pricing benchmark with its first US CLO of 20162 years ago
Morgan Stanley laid claim to the first US CLO pricing of the year on Friday, after completing a $407 million deal for Babson Capital Management
Bank releases price talk as Brigade marches towards next US CLO2 years ago
The CLO market may have been wounded in recent weeks amid a sell off in credit, but Brigade Capital Management is soldiering on as double-B spreads battle to stay inside 800 basis points
European double Bs to hit new tights as KKR CLO nears pricing3 years ago
KKR is set to price its first European CLO of the year later today, according to market sources
19 results found Showing page 1 of 1
Want all the latest news, comment, analysis and data?