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Mid market league tables: Golub and Natixis team up to lead in issuance as HPS debuts
10 months ago
Five mid market CLO managers priced in May for a combined $2 billion monthly issuance. This marked the fourth straight month when mid market volumes crossed $2 billion -
Global CLO league tables - May 2023 YTD
10 months ago
Global CLO league tables - May 2023 YTD -
Mid market CLO league tables: AB crosses $1 billion and Natixis $2 billion to lead the way
11 months ago
Mid market CLO issuance in April was down for the second straight month with $2.15 billion pricing, compared to $3 billion in March and $3.5 billion in February -
Global CLO league tables - April 2023 YTD
11 months ago
Global CLO league tables - April 2023 YTD -
CVC upsizes European CLO two weeks after pricing
1 year ago
CVC Credit Partners has upsized its European CLO, CVC Cordatus Loan Fund XXVII, two weeks after original pricing -
Generate prints first new CLO for six months
1 year ago
Generate Advisors, the CLO management arm of Kennedy Lewis Investment Management, priced its first new CLO in six months on Friday -
Mid market CLO league tables: Golub scores in 90th minute as Natixis leads banks
1 year ago
Golub Capital left it late, but the prolific mid market CLO manager wrestled the lead in new issuance from Blackstone Credit last month -
US CLO equity payments drop to lowest since covid
1 year ago
US CLO equity payments have taken a hit in October due to a mismatch between one-month and three-month Libor and Sofr. 65% of loans in US CLOs reference one-month Libor, whereas all liabilities pay from three-month Libor or Sofr. -
CBOs return as Anchorage second deal takes year's tally to three
1 year ago
Anchorage Capital on Wednesday priced the third US CBO of the year, with outflows from the high yield market having prompted CLO and bond-flex CLO managers to step in to try to take advantage of deeply discounted bond prices -
Energy firms underperform in credit sell off as oil prices slump
1 year ago
Investment grade credit is the underperformer on Wednesday as the market pivots wider amid negative economic signals and ahead of US Federal Reserve chair Jerome Powell’s appearance before Congress -
Investors rush to hedge Russia as barrage of threats tee up nervous weekend
2 years ago
The prospect of a flare-up between Russia and Ukraine has left credit spreads back at their recent wide levels going into the weekend, with European investment grade credit particularly feeling the heat following 'false flag' headlines on Friday -
MSEV adds single Bs as it resets 2019 CLO
2 years ago
Morgan Stanley Investment Management reset its CLO named 522 Funding 2019-5 via Citi on Wednesday, adding a new $5 million single B tranche in the process -
SME CLO supremo leaves Be-Spoke for expanding Spanish firm
2 years ago
One of the pioneers behind SME CLOs has left Be-Spoke Capital to join another Spanish lender. He leaves behind the only SME CLO in Europe since the 2008 financial crisis -
Managers make rare capital structure rejigs with 2020 CLO refis
2 years ago
Two CLO managers have refinanced 2020 CLOs while taking the rare step of altering the deals' capital structures -
Diameter circles back quickly to produce second CLO
2 years ago
Diameter Capital has followed up its debut CLO in late June by pricing a follow-up in quick fashion. -
Rally resumes as investors read US job miss as tapering delay
2 years ago
Credit and equity markets have opted to rally - albeit far from emphatically - after digesting the import of the US missing its August monthly news jobs target by a big margin, which could bring a setback for hawkish central bank voices -
Blackstone, Chenavari, CIFC and Five Arrows add €2 billion to weekly Euro CLO issuance
2 years ago
Nearly €2 billion of European CLO issuance priced this week, with Blackstone, Chenavari, CIFC and Five Arrows adding to Napier Park’s reset earlier in the week -
Real estate firm blows wider but BoE allays broader market concerns
2 years ago
Adler Real Estate traded sharply against trend as high yield credit spreads hit new post-pandemic tightest levels on Thursday -
CLO heavy hitters push $1.5 billion refi paper into market
3 years ago
Another $1.5 billion CLO refi paper has hit the market after Allstate, Columbia Management, CIFC Asset Management and Credit Suisse Asset Management priced cost-cutting deals -
Permira slashes CLO funding cost by 20.1bp with partial refi
3 years ago
Permira Debt Managers joins the growing list of managers to partially refinance a 2018 CLO. Morgan Stanley arranged the.€274.8 million refi -
Axa IM combines single As in European CLO refi
3 years ago
Deutsche Bank arranged the € 274.7 million transaction, which cuts cost of debt by 31.8 basis points -
Credit sell off gathers pace ahead of Brexit crunch day
With both sides in the EU-UK negotiations conceding that trade talks are most likely to conclude on Sunday without an agreement, credit is again a big underperformer today as more longs cut and run while hedging picks up -
Energy and transport names lead way as compression trades gain
3 years ago
High yield is leading the way again in credit - continuing last week's theme - as positive results from another covid-19 vaccine test and buoyant oil prices bring a strengthening tone to financial markets -
Global CLO b-wic round-up: Secondary markets rally despite ‘worst liquidity seen all year’
3 years ago
An adjournment in the US for Veterans Day last week still left plenty of time for the CLO secondary market to rally, thanks to Pfizer's covid-19 vaccine breakthrough and a firmer indication of the US presidential election results -
Fed again warns of CLO risks as senior and junior spreads split
3 years ago
The Federal Reserve's latest financial stability report again warns of risks in CLO structures amid the continuing coronavirus pandemic
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