CLO pipeline: manager sets sail for primary market after three-year absence2 months ago
Even though at least five US CLOs hit the market last week, the CLO pipeline still looks strong, especially in the US new CLO space
Global CLO round-up: 15 months to one month - managers set their own pace2 months ago
Three new US CLOs priced this week courtesy of; Seix Advisors, via BNP Paribas; Kayne Anderson, via Goldman Sachs; and Steele Creek, via RBC. In Europe, Oaktree Capital Management paired with Barclays to price Arbour CLO VI.
CLO pipeline preview: Waterville fills the pipe as Par Four surfs high triple-C wave2 months ago
At least seven CLO managers chose last week to launch their first deals of the year, with the market still set to absorb a robust level of issuance in the pipeline
Global CLO b-wic round-up: fixed tranches make their way into European secondary2 months ago
Last week brought the first instance of fixed coupon tranches trading in the European CLO secondary market this year, according to CLO-i.
Euro CLO round-up: managers make equity work with innovative structures2 months ago
Equity arbitrage has been under pressure but managers are braving the market and getting creative with deals to make deal economics work
US CLO round-up: Golub orbits curve as managers double up2 months ago
A breakthrough regarding Japanese risk retention rules ended last week on a high note for CLOs as the Japan Financial Services Agency has announed that CLOs can sit outside the remits of its securitisation regulations
US CLO round-up: choose your own reinvestment period3 months ago
Reinvestment periods have played an important role so far this year, with 30.8% of the new issue market opting for terms shorter than four years
CLO pipeline preview: resets and refis set to make a comeback3 months ago
Despite a slow build up, the pipeline offers respite with many deals lined up to come to market
US CLO round-up: years fall off CLO market as it gets back to its old self4 months ago
The CLO market is starting to look rejuvenated, with the dense pipeline having this week offloaded seven new broadly syndicated deals and one middle market deal as Creditflux goes to press – totalling $3.7 billion of new paper.
Euro CLO round-up: Spire and CVC take roads less travelled4 months ago
The European CLO market was reinvigorated this week as the two deals which priced brought something fresh to the table.
Mid market CLO round-up: eyes (wide) open as mid-market CLOs re-awaken4 months ago
AB returned to the middle market CLO space this week after a year out to price ABPCI V. It is the second middle market CLO of the year after Fortress Investment Group refinanced Fortress Credit Opportunities VII.
Euro CLO round-up: five deals hit pipeline after BlueMountain keeps up momentum4 months ago
BlueMountain Fuji CLO Management ended its seven-month absence from the new issue European CLO market and also broke the market’s silence this week. The firm partnered with Deutsche Bank to price its fourth deal in Europe - BlueMountain Fuji Euro CLO IV.
US CLO round-up: Anchorage keeps primary open as debutants and newcomers fill pipeline4 months ago
Anchorage Capital shored up the CLO market this week against an untroubled horizon as the sole manager to price a new issue, while TCI Capital Management priced the first refinancing of the year as Creditflux went to press.
Euro CLO round-up: largest managers brave primary market amid regulatory squeeze4 months ago
Two seasoned European CLO managers stepped into the primary market to price new issue deals amid a period of uncertainty as the Securitisation Regulation put forth by the European Securities & Markets Association (Esma) beds in
US CLO round-up: it's a slow start, but at least we have a benchmark as 42 deals fill pipeline4 months ago
It’s safe to say 2019 is off to a slow start for the US CLO market. This past week, $1.4 billion has priced, bringing total issuance in January 2019 to $5.7 billion. That’s 70% below the January 2018 new issue volume of $20 billion.
US CLO round-up: Dry January ends early as spreads get hammered4 months ago
Is the 2019 vintage going to be a classic? It's certainly started off slow, but it could mature into something very special if loan volatility persists
European CLO round-up: single B basis between US and Europe narrows4 months ago
The European CLO market finally came out of its issuance shutdown on Friday when Credit Suisse Asset Management partnered with Barclays to price Cadogan Square CLO XIII.
Global CLO round-up: there's something for everyone as CLOs put on a good spread6 months ago
This week, equity investors have something to be thankful for with triple A CLO spreads showing signs of tightening
US CLO round-up: roll up, roll up – CLO refis price wider than new issues7 months ago
Forget about a CLO term curve with an efficient roll down; refinancings are proving to be expensive
Global CLO round-up: what goes around comes around8 months ago
It is no news that spreads are reverting back to the elevated levels of last year and, with each new deal pushing the market wider, the rolling three-month term curve in the US has been forced to stretch and move left, right and centre.
Global CLO round-up: US market has a fair-way to catch up to Europe8 months ago
As the Ryder Cup drives a wedge between the US and Europe, managers putt their hopes in CLOs. But the European market is in the lead with three deals to one as Creditflux goes to press
US CLO round-up: what’s the benchmark these days?8 months ago
They price at 112bp, they price at 126bp. They price at 116bp, they price at 123bp. They are US CLO triple As and they are pricing everywhere at the moment.
Global CLO round-up: buttermilk-shakes things up as CLO spreads go everywhere9 months ago
Ahead of the US Labor Day weekend, CLO issuers have been grafting away with $6.5 billion pricing across the US market through 11 deals
CLO round-up: reset triple As price apart on divergent portfolios10 months ago
CLO spreads have been volatile of late with seemingly no consistency in triple A CLO prints from deal to deal. In a reset-heavy week, BlackRock and Marathon Asset Management were positioned at opposite ends of the spectrum
European CLO round-up: sun shines on Anchorage's quasi-CBO10 months ago
The European CLO market is at its best when the sun is shining and the sky is blue, judging by the last couple of weeks
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