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BofA points out flaws in NAIC CLO proposal while Morgan Stanley warns of primary slowdown
1 year ago
Bank of America research has pointed out what it believes are further flaws in the National Association of Insurance Commissioners’ proposal to take CLO modelling and monitoring in-house. And Morgan Stanley research says the CLO proposals could weaken demand for CLO triple Bs in particular, hampering CLO formation -
GoldenTree prints second US CLO new issue within three weeks
1 year ago
GoldenTree Asset Management on Friday priced its second new issue US CLO in less than a month, bringing the number of CLO transactions the manager has priced this year to four -
Putnam adds to CLO comeback with second new issue
1 year ago
Putnam Investments, which made a return to CLOs in 2021 after a 17-year absence, has priced its second new issue deal of that comeback with triple A coupons starting at 200bp -
Loan traders eagerly await electronic trading solution
1 year ago
The announcement of Octaura’s electronic loan and CLO trading platform last month has been met with positivity by market participants, who laud the unified approach taken by large investment banks in supporting the initiative -
Morgan Stanley Eaton Vance produces Thursday's tightest CLO execution
1 year ago
Morgan Stanley Eaton Vance priced a new CLO on Thurday, scoring the day's tightest triple A print in the process -
Neuberger Berman turns 50 with fourth US CLO of 2022
1 year ago
Neuberger Berman priced the 50th deal in its series of CLOs on Tuesday and its fourth new issue of 2022 in the US -
KopenTech launches digital peer-to-peer CLO trading platform
1 year ago
Los Angeles-based FinTech platform Kopentech has launched a digital peer-to-peer trading platform for CLOs -
Octaura's real-time trading solution paves way for loans and CLOs to drop illiquid tag
1 year ago
The unprecedented cooperation between CLO trading desks that culminated last week in the launch of Octaura could change the way credit investors judge the relative value merits of loans and CLOs versus liquid alternatives such as high yield bonds -
GoldenTree prints tight of market with five-year CLO triple As yielding 170bp
1 year ago
GoldenTree Loan Management has priced a new CLO with a 170 basis point triple A print, 8.21bp tight of the 10-day rolling average -
CIFC's 2022 CLO volumes rise to $2.4 billion after fifth new issue
1 year ago
CIFC Asset Management priced its fifth US CLO of the year on Tuesday, growing its 2022 issuance volumes to over $2.4 billion in the process -
Seven dealers join forces over loan/CLO platform led by Bejile's Octaura
1 year ago
The industry-wide initiative to create an electronic loan and CLO trading platform has taken a big step forward with Citi’s Brian Bejile spearheading newly-formed Octaura Holdings. -
Invesco matches PGIM and Ares US CLO triple As at 144bp
1 year ago
Invesco priced its second new issue CLO this year yesterday, according to market sources as it paired with Morgan Stanley to print Invesco 2022-2 -
Global CLO league tables - April 2022 YTD
1 year ago
Global CLO league tables - April YTD -
We’re drifting apart
1 year ago
Everyone’s issuing US CLOs these days and it is tempting to believe the crowd of managers is blending into one. However, overall portfolio overlap has dropped to 37.7% across 2021 CLOs -
CarVal ties in climate landmark with first CLO of 2022
1 year ago
CarVal CLO Management highlighted ESG criteria as it brought its first CLO of the year - and also the first since the firm's buyout by AB -
BlackRock Euro CLO set to price, with KKR and ICG in line and 115bp emerging as triple A benchmark
2 years ago
BlackRock is expected to price a European CLO issue today via Bank of America. The immediate CLO pipeline is thin, but KKR is marketing a deal via Morgan Stanley and ICG is marketing via Citi -
GoldenTree adds single B tranche to new CLO for first time since February
2 years ago
GoldenTree Loan Management priced a new CLO on Thursday, becoming the first manager to include a single B-rated liability tranche since before the Ukraine invasion -
Morgan Stanley prints new CLOs for Oaktree, Octagon and Voya
2 years ago
Morgan Stanley priced three new issue CLOs on Friday worth a combined $1.36 billion -
Spread widening shows up in primary CLOs as BlackRock prints triple As at 135bp
2 years ago
CLO triple A spreads widened on Monday as BlackRock priced its first new deal of the year with its first-pay notes yielding 135 basis points over Sofr -
Fidelity places triple A notes at 133bp in latest new CLO
2 years ago
Fidelity Investments priced its first new CLO of the year this week, placing the deal's triple A notes at 1.82 basis points tight of the 10-day average -
CLO mezz investors are homing in on documentation: Morgan Stanley
2 years ago
European CLO mezzanine investors paid close attention to documentation over the past 12 months, with junior overcollateralisation test criteria, weighted average life extesions and approval for collateral quality key areas of focus, say Morgan Stanley strategists -
Fixed-rate CLO tranches emerge ahead of rate rises
2 years ago
Floating rate benchmarks — whether Sofr or Libor — have risen sharply this year ahead of interest rate hikes in the US, and that has coincided with a flurry of new issue CLOs that have incorporated fixed-rate debt tranches -
Gulf Stream builds on Apollo support with US CLO
2 years ago
Gulf Stream Asset Management priced its latest CLO on Friday with Apollo Global providing co-manager duties -
LCM tightens triple As on 2017 CLO with partial refi via Morgan Stanley
2 years ago
LCM Asset Management has partially refinanced a 2017 vintage CLO, cutting the cost of its triple A tranche -
Park Avenue prints first new CLO in over six months
2 years ago
Park Avenue Institutional Advisers on Friday priced its first new CLO in over six months
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