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Barclays takes central role in European secondary CLO market
7 years ago
Barclays has been a prominent player in the European secondary CLO market over the last two weeks, it has emerged, with the bank trading over €123 million in the last few days. -
Liquidity returns to CLO equity as b-wic sees all tranches change hands
7 years ago
Traders in the secondary CLO market were treated to a rare sight yesterday, as a 2.0 CLO equity b-wic surfaced and all line items traded. -
Investors show strong appetite for CLO mezz with high bids in secondary
7 years ago
CLOs managed by Alcentra, CVC Credit Partners and Symphony Asset Management were in demand yesterday -
Nomura dominates $23 million CDO b-wic
7 years ago
Three out of three for Nomura as it executes all the trades on a CDO b-wic -
CLO recovery continues as b-wic market shows signs of life
7 years ago
After a subdued last two weeks the secondary CLO market is showing signs of life -
Nomura cements position as key player in mezz
7 years ago
Nomura has continued to extend its position as a leading secondary CLO market maker -
Secondary market price talk points to widening in 2.0 mezz tranches
7 years ago
Price talk for an upcoming bid list in the secondary CLO market suggests that mezzanine tranches are likely to widen -
CLO manager tiering continues as $76 million triple-A b-wic trades
7 years ago
A basis of 40bp emerged last week for CLO triple-A notes with seemingly similar characteristics -
Investor cashes in as CLO mezzanine tranches recover
7 years ago
A $42 million b-wic yesterday highlighted the extent to which mezzanine CLO tranches have recovered after a tough start to the year. -
Investor looks to dump legacy CLOs in $42 million b-wic
7 years ago
A CLO investor is looking to offload deals approaching maturity in a big auction next week -
Barclays CLO trader resurfaces at Spanish firm's New York offices
7 years ago
Yet another bank CLO trader has made the switch to a brokerage.This time a former Barclays official has joined a brokerage which first moved into CLO trading last year -
Investor capitalises on low swap rates to offload fixed-rate CLO tranches
7 years ago
An investor in senior fixed-rate CLO tranches capitalised on low swap rates to make quick gains in the secondary market last week, according to Creditflux data -
BlackRock CLO investor picks up seven-point trading gain in three months
7 years ago
An unknown investor has made big gains on double-B rated notes in a BlackRock US CLO which priced in February -
Citi treasury turns to CLO secondary market
7 years ago
A major CLO buyer turns its attention to the secondary market for the first time -
CLO secondary sees another busy day as nearly $200 million changes hands
7 years ago
CLO traders had another busy day yesterday as $239 million of CLOs appeared in the secondary market. According to CLO-i, 22 out of 32 tranches ended up trading, accounting for $198.4 million of notional balance. -
Former Highland CLO trader rejoins Marv to lead secondary CLO effort
7 years ago
Broker-dealer Marv Capital has hired former Highland Capital CLO trader Alexey Dronov to lead its structured credit sales team -
$102 million trades in busy day in CLO secondary market
7 years ago
Yesterday was a busy day for US CLO traders as just shy of $102 million traded on bid lists in the secondary market. -
Bank dominates $420 million triple-A CLO b-wic
7 years ago
A US bank traded over half the items on a large CLO b-wic late last week, sources say -
Credit Suisse whittles down its CLO holdings by 81% in 2016
7 years ago
Credit Suisse has further reduced its secondary CLO book, which stood at $840 million in December. Meanwhile, it has emerged that a European bank has sold €610 million of CLO paper -
Lean and mean: banks embark on fresh push into CLO trading
7 years ago
The US CLO secondary market has received a boost in recent weeks as big banks have started acting as liquidity providers again -
Investors pounce on non-Volcker-compliant triple-As in CLO secondary
8 years ago
Opportunistic investors appeared to pick up a couple of bargains in CLO secondary yesterday as two legacy triple-A bonds traded wide of longer-dated 2.0 paper -
CLO double-Bs tighten again as $88 million trades in secondary
8 years ago
According to CLO-I’s b-wic tracker, a total of 28 tranches traded in the secondary market yesterday, split between six different bid lists. -
Hedge fund hires from Citi and PineRiver for secondary CLO play
8 years ago
Officials at a structured credit specialist have confirmed two new hires as they continue to build for a push into secondary CLO investing -
GSO CLO junior tranches go up for sale in $31 million b-wic
8 years ago
Market sources say that a large b-wic has been scheduled, which features a number of junior debt tranches from 2.0 deals managed by GSO Capital -
Double-B spread dispersion continues on busy day in CLO secondary
8 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
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