Refine Search
Article Categories
Strategy Tags
- Direct lending (13)
- High yield bonds (8)
- Investment grade credit (1)
- Structured credit (2)
- CLO (143)
- Credit derivatives (1)
- Leveraged loans (9)
Geography Tags
-
CLO pipeline: fixed income giants plan debut 2.0s with Morgan Stanley
3 years ago
Two large fixed income managers are pre-marketing debut 2.0 CLOs -
BlackRock cuts CLO double A coupon with fixed-rate refi
3 years ago
BlackRock has priced a fixed-rate CLO tranche refinancing, teaming up with Mizuho to cut the coupon on the double A notes of Magnetite XII -
Euro CLO primary spreads hit new tights as BlackRock prices first 2020 deal
3 years ago
European primary CLO spreads have finally begun to tighten, as BlackRock today printed triple A notes on BlackRock CLO X at Euribor plus 120 basis points -
BlackRock prices tightest post-covid CLO by far
3 years ago
BlackRock has priced a new issue CLO named Magnetite XXVIII via Barclays, scoring by far the tightest post-covid debt execution -
CLO pipeline: managers large, small and new ready to price in post-Labour Day surge
3 years ago
US managers are preparing a wave of new issue CLOs in the coming days, as the usual post-Labour Day pricing surge comes to fruition even in this most unusual of years -
BlackRock plans first European CLO of 2020
3 years ago
Barclays has begun marketing its second European CLO in September with the bank arranging a deal for a large asset manager -
Global CLO b-wic round-up: US CLO triple As finally rally while European investors go ‘all in’
3 years ago
A huge supply of $731 million of US CLO triple A bonds pushed US CLO secondary volumes to just shy of $1.5 billion last week -
Spreads tighten as GoldenTree and BlackRock print tightest CLO triple As since March
3 years ago
The CLO market moved tighter on Friday as GoldenTree Loan Management and BlackRock each priced new issues with triple As at 155 basis points over Libor, scoring a new record print following the coronavirus sell off in March -
Primary equity investor shortage fuels issuance fear
3 years ago
A lack of demand for primary equity could lead to a drought of new CLO issuance in the second part of this year -
Loan slump brings managers closer
A 19% slide in new US loan volumes last year has left CLO managers with fewer options in the primary market, and portfolio overlap between US managers has increased to 35.3% on average -
Onex prices second US new issue CLO in three weeks
3 years ago
Onex Credit Partners priced its second new issue US CLO in just three weeks yesterday, via Natixis, to become the fourth US CLO manager to price two new issue CLOs during the covid-19 pandemic -
Mezzanine CLO spreads tighten with BlackRock US deal
3 years ago
BlackRock has priced a $397.7 million new CLO via Goldman Sachs, acheiving a 175 basis points print on its tightest triple As, according to market sources -
CLO pipeline: Apollo targets fourth deal as managers line up to break 2020 ducks
3 years ago
Six CLO managers, five in the US and Fair Oaks Capital in Europe, are showcasing their first new issues of the year in preparation for pricing later this month. And Apollo Global Management is marketing its fourth new issue CLO (third US new issue CLO) in the last month and a half -
Three-year US CLOs set to tighten as large managers market deals
3 years ago
US CLO triple A spreads are tightening sharply this week with market sources indicating that benchmark levels for three-year reinvestment deals have gone into the 180s -
We’ve survived before, we can do so again
3 years ago
$7.8 billion of CLO collateral, split evenly between the US and Europe, is in the loans that have fallen fastest in the past month. But short term CLO pain will bring opportunities for building par -
Making arb work of it
4 years ago
In 2019, some CLO managers hoped that good timing would enable them to lock in favourable arbitrage levels, but others opted for aggressive or conservative tactics when building portfolios. -
Double B CLO spreads drop back to 725bp as BlackRock prices US CLO
4 years ago
CLO double B spreads in the US have gone tumbling back to 725 basis points after BlackRock priced a new CLO yesterday via Wells Fargo -
BlackRock upsizes upcoming US CLO amid overwhelming demand
4 years ago
BlackRock’s upcoming US CLO, Magnetite XXIV, was heavily oversubscribed last week as price talk circulated, according to two investor sources -
Euro CLO league tables: refi market opens up to give KKR best of both worlds
4 years ago
European CLO issuance in October crossed €5 billion for the second month this year as managers took advantage of falling spreads and increased demand. In one example, KKR obtained tight senior CLO financing to go with tight mezz spreads from 2017 in a demonstration of expert timing -
BlackRock’s first mid-market CLO to be managed by experienced team acquired from Tennenbaum in 2018
4 years ago
BlackRock is on track to become the latest manager to start issuing CLOs backed by loans to middle market companies. -
BlackRock brings triple A spreads back to 130bp with new US CLO
4 years ago
BlackRock has priced its latest new CLO named BlackRock XXIII, scoring the tightest triple A print for three months -
CLO pipeline: Capital time to debut in Europe as liability spreads drop
4 years ago
CLO managers are showing no signs of slowing down, as a further 16 US and five European new issue CLOs, including Capital Four's CLO management debut, appear in the pipeline -
Global CLO round-up: Europe mops up demand, as Euribor hits the floor
4 years ago
The final stretch of the year began with a bang, with the first week of Q4 bringing $3.3 billion of CLO issuance in the US and €1.2 billion in Europe. But the resurgence in volumes was not the only talking point last week, with Europe coming into focus as spreads surfed tighter -
European CLO spreads reach new tights as BlackRock prices new issue
4 years ago
European CLOs reached new record tights yesterday as BlackRock and Credit Suisse priced the tightest new issue for over 12 months -
CLO investor looks to offload US and European anchor equity positions
4 years ago
There are two controlling CLO equity stakes up for sale today with a 2017 European deal and a reissued US transaction going under the hammer
Want all the latest news, comment, analysis and data?