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CLO rally continues as several US double-Bs trade above par
7 years 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 expected
7 years 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-wic
7 years 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 -
Two banks dominate as $102 million trades in CLO secondary market
8 years 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 market
8 years 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 market
8 years 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. -
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 recovery
8 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. -
Investor turns to owic as it seeks out $72 million of CLO tranches
8 years 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. -
Dryden CLO single-B trades to show 30 point gap in US/euro pricing
8 years ago
A secondary market auction on Friday saw a single-B rated note from the Dryden 29 deal trade with a cover price of 83 cents on the dollar -
Single-B CLOs hit the market as price talk reaches mid-50s
8 years ago
Single-B rated debt tranches of CLO 2.0 deals are expected to trade at deep discounts today, according to secondary market sources -
2006 CLO equity position beats price talk by 50 points to trade over par
8 years ago
A legacy CLO which returned 25.3% to equity last year, surprised some in the market by trading above par. A number of dealers had valued the tranche in the 50s. -
Bank shrugs off departure to take key role in large CLO b-wic
8 years ago
Investor sources say that a bank, which recently lost its head CLO trader, was one of the most active market-makers on a $217 million CLO b-wic which took place on Friday -
Senior notes in Doubleline CLO make secondary market debut
8 years ago
Triple-A rated notes in a CLO launched by debutant manager Doubline Capital are in for the bid today, according to trader sources -
Prices head north of par as investors bid up seasoned CLO mezz
8 years ago
Primary CLO volumes may have slumped recently but there is still plenty of demand for CLO debt, judging by prices seen in the secondary market. -
Senior CLO investor dumps low-coupon triple As
8 years ago
A triple-A CLO investor offloaded $56.7 million of risk as six senior CLO notes traded in the secondary market yesterday -
Equity in unusual 2006 European CLO trades at 10 cents
8 years ago
The equity in a CLO which attracted controversy in 2009 for retiring junior debt has made a rare appearance in the secondary market. -
CLO investor reveals reserve levels after double-Bs fail to trade
8 years ago
A $28.5 million CLO auction took place on Friday in which the seller shed some light on CLO valuations. The b-wic featured 20 names and despite only two bonds trading, the seller disclosed its reserve price for some of the positions. -
Double-Bs in BlackRock 2.0 trade up to defy soft CLO market
8 years ago
Junior CLO spreads have gapped out massively over the last two months, but one investor appears to have made a capital gain after selling a 2012-vintage BlackRock CLO -
Control CLO investor distributes $90 million bid list
8 years ago
Bids are due tomorrow on a $90 million CLO equity b-wic which features control positions in CLOs managed by Babson Capital Management and CIFC Asset Management. -
Investor looks to sell $687 million of senior CLOs
8 years ago
A senior CLO investor is looking to offload $100 million-plus chunks of 2.0 paper, according to market sources. -
Control CLO equity fails to trade in secondary despite low 70 bids
8 years ago
A majority equity stake in Steele Creek CLO 2014-1 was available in the secondary market yesterday and sources say that while bids in the low 70s were being made, the position failed to trade -
Investors eye management fees ahead of control CLO equity b-wic
8 years ago
Bids are due on Thursday for a control CLO equity position and sources say that investors are being given an added incentive to participate in the b-wic. -
Equity in strong performing CSAM CLO trades in secondary market
8 years ago
Market sources say that equity in a strong performing US CLO managed by Credit Suisse Asset Management CLO was in for the bid in the secondary market yesterday. -
Investors turn to b-wics for CLO triple-Bs as primary volumes slow
8 years ago
Senior tranches have dominated the CLO secondary market this month, but yesterday mezzanine investors were able to get a look at pricing levels as triple-B rated positions went up for sale.
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