US CLO round-up: years fall off CLO market as it gets back to its old self8 days 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 travelled8 days 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-awaken8 days 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 momentum15 days 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 pipeline15 days 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 squeeze22 days 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 pipeline22 days 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 hammered26 days 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 narrows26 days 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 spread3 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 issues4 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 around4 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 Europe4 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?5 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 everywhere5 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 portfolios6 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-CBO6 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
US CLO round-up: investors feast on over $3 billion of CLOs6 months ago
One CLO manager has gone for a reissue as its main, another two have gone back for seconds of new issue - and this all leads to the inevitable: an expanding middle
US CLO round-up: managers find short-dated resets are the way to go8 months ago
Short-dated resets are popular right now - as are single B tranches
European CLO round-up: wider it goes, but there's more to it than meets the eye8 months ago
There’s no escaping it; European CLO spreads are drifting wider, but there may be more to it than meets the eye
US CLO round-up: volumes move in sync with 2017, but it could not be more different8 months ago
$111 billion of CLO isssuance this year compared to $113 billion by this point last year. But new managers, spread movements and no risk retention make it seem like a completely different environment
US CLO round-up: 2018 volumes hit $101 billion as short-dated CLOs come into fashion9 months ago
CLO market participants were in high spirits at the Creditflux CLO Symposium and Manager Awards this week with attendees revelling in the amount of deal flow that the CLO market is generating
B-wic round-up: demand for secondary CLO equity picks up in 201810 months ago
Secondary trading prices for US CLO debt tranches have been falling since the start of the year, with average cover prices for junior debt reverting to where they were six months ago. However, the opposite has to be said for CLO equity
Mid market CLO round-up: Antares leads the way as triple As price at 125bp10 months ago
Although US mid-market CLOs had a slow start to the year, the last two weeks have seen heightened activity in this sector with established players such as Antares Capital, Cerberus Capital Management, Fortress Investments and Midcap Financial pricing new CLOs
European CLO round-up: managers turn attention to resets and re-issues10 months ago
The European CLO market has experienced a quiet fortnight with only three resets and one re-issue pricing over the Easter period
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