RBC slashes CLO b-wic fees to one cent for one week1 year ago
Dealers are competing more aggressively than ever before in the CLO secondary market.
CLO rally continues as several US double-Bs trade above par1 year ago
The US CLO rally continued yesterday as a $35 million mezzanine list traded in full.
€68 million of CLO seniors go up for sale with wide range of bids expected1 year ago
As the US takes a day off, a variety of triple-A rated European CLO tranches will go under the hammer later today as part of a €68 million auction. Dealer price talk seen by Creditflux suggests DMs could fall within an 80bp range
CLO investor shakes things up with two-stage b-wic1 year ago
An unusual $37 million CLO bid list is doing the rounds ahead of an auction deadline of 2pm New York time today. Sources say that the seller, a 2.0 CLO mezzanine and equity investor, has specified certain ground rules for the auction
Japanese bank hires well-known CLO specialist for sales effort in New York1 year ago
Mizuho has continued its push into the CLO market by hiring an experienced trader who has worked at banks including Lehman Brothers and Goldman Sachs
Top investors prepare to look at CLO relative value in a new way1 year ago
Creditflux will look at CLO relative value in a new way at the upcoming CLO Investor Summit, held in New York on 9 November
Prophet stuns CLO’s investors as it seeks redemption ahead of time1 year ago
Control equity investor shocks the market by calling a CLO which still has two years of its reinvestment period to run
SEC bans former Goldman Sachs RMBS trader for misleading clients1 year ago
The SEC has banned former Goldman Sachs RMBS trader Edwin Chin from the securities industry and fined him $400,000 for practices which boosted the firm’s profits
Banks defy brexit to bring liquidity to Europe’s secondary CLO market1 year ago
Dealers are stepping in to boost liquidity in European CLO trading
Two banks dominate as $102 million trades in CLO secondary market1 year ago
Two dealers emerged as the dominant players on another busy day in the secondary CLO market yesterday
CLO investors scoop up mezz in secondary market1 year ago
CLO traders again took advantage of the rally in mezzanine pricing yesterday as several more triple-B and double-B tranches traded in the secondary market
CLOs continue to rally on busy day in secondary market1 year ago
Despite the Easter break in Europe, Monday was a busy day for US CLO traders as several b-wics surfaced in the secondary market.
Japanese bank makes big inroads into CLO market-making, sources say1 year ago
Market sources say that a bank's New York CLO trading desk was either the best bid or cover bid for 62% of mezzanine bonds that were available through b-wics last Thursday
Hildene makes senior hire as it prepares secondary CLO push1 year ago
A high-level CLO trader has resurfaced at Hildene. The Stamford-based manager is building its infrastructure in anticipation of further distress in the CLO market
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 recovery1 year 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.
Triple-A-rated 1.0 tranche trades north of 250bp in CLO secondary1 year ago
A legacy KKR CLO, which is a prime call candidate, saw its originally single-A tranche (now rated triple-A) traded at a discount to par yesterday.
New Carlyle CLO equity tranchelets generate huge investor demand1 year ago
CLO investors have been scrambling to get a piece of two recently issued Carlyle CLOs that feature “tranched equity” structures
Euro CLO equity price talk highlights sharp contrast with US NAVs1 year ago
A large number of European CLO equity tranches are up for sale in the secondary market today, according to CLO-i B-wic tracker.
Investor turns to owic as it seeks out $72 million of CLO tranches1 year ago
A mystery investor is looking to buy up to $72 million of CLO tranches across the capital stack in the secondary market today, according to trader sources.
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