CSAM plans double CLO issuance next week with US and EU deals in the market4 days ago
Credit Suisse Asset Management is preparing to issue two new issue CLOs next week, with one issuance on either side of the Atlantic
Global b-wic round-up: US CLO equity continues its surge7 days ago
Last week marked the third straight week that the US CLO secondary market has seen total listings of under $600 million, but over a quarter of that was equity.
It’s possible to be big — and still be picky18 days ago
Our analysis of 2018 CLOs shows that firms such as Credit Suisse Asset Management and Sound Point Capital Management have built loan portfolios that are different to the rest of the market.
- Our analysis of 2018 CLOs shows that firms such as Credit Suisse Asset Management and Sound Point Capital Management have built loan portfolios that are different to the rest of the market21 days ago
CSAM prints 2019's third largest new issue CLO, via BAML25 days ago
Credit Suisse Asset Management has priced its second new issue CLO of the year, via Bank of America Merrill Lynch
CLO pipeline: managers seek to return as others arrive, after testing Q11 month ago
With the first quarter of 2019 now in the books, the CLO market looks to be continuing where it left off.
Large, liquid loans aren’t always perfect1 month ago
CLOs could be forgiven for rushing to buy Refinitiv loans — after all it was the biggest LBO since the crisis. But some large managers have abstained, while others have bought opportunistically
US CLO round-up: floodgates open in land of the giants1 month ago
The CLO market is starting to look like its old self again as deals came rushing in this week with eight new deals and one reissue and one reset pricing, totalling $3.77 billion.
Creditflux reveals finalists for most competitive Manager Awards ever1 month ago
To compile the shortlist for the annual Creditflux awards, we select the best performers in credit using a combination of detailed, data-driven metrics. The winners will be announced on 8 May
CLO spreads tighten as CSAM prices first US deal of the year1 month ago
The CLO market tightened today as Credit Suisse Asset Management printed its first US deal this year, with triple As at 133 basis points over Libor
CLO managers make arbitrage work by boosting leverage2 months ago
Leverage in European CLOs is now averaging 9.6 times debt to equity versus 8.3 times in the first quarter of 2017
We can’t hide it any longer, we’re tiering up2 months ago
With the opening months of 2019 highlighting a clear class system among CLO managers, there has never been a better time to assess tiering. We find that timing, patience and luck all play a role
Euro CLO league tables: repricings take a back seat while new issues get going2 months ago
The European CLO market showed signs of kicking back into gear in February with €3.32 billion of issuance
Tail wags dog as European CLOs' 108bp benchmark drags loans3 months ago
European CLOs usually price on the back of where underlying loans are printing, but this year the reverse looks to be true
CLO managers exposed as US mortgage lender files for bankruptcy3 months ago
CLOs hold $164.9 million exposure to the debt of Ditech Holding Corporation, who refiled for Chapter 11 bankruptcy on Monday
Keep calm and buy corporate loans3 months ago
Calm heads prevailed in 2018. Markets were volatile and risk retention was supposed to cause problems, but there was no need to panic and volumes went on to break records set in 2014
Global CLO league tables: new year, new issues3 months ago
Momentum in the CLO market at the start of 2019 is less forceful than it was at the beginning of 2018 and 2017, on the basis of opening volumes
Euro CLO round-up: largest managers brave primary market amid regulatory squeeze3 months ago
Two seasoned European CLO managers stepped into the primary market to price new issue deals amid a period of uncertainty as the Securitisation Regulation put forth by the European Securities & Markets Association (Esma) beds in
CLO docs shed light on implementation of Securitisation Regulation3 months ago
Market participants are beginning to get visibility on how European CLOs are handling the transparency obligation and the risk of fines under the European Securities & Markets Authority’s (Esma) Securitisation Regulation, according to a report on Creditflux’s sister publication Debtwire
European CLO round-up: single B basis between US and Europe narrows3 months ago
The European CLO market finally came out of its issuance shutdown on Friday when Credit Suisse Asset Management partnered with Barclays to price Cadogan Square CLO XIII.
CSAM sheds light on CLO pricing as it reopens European market3 months ago
Credit Suisse Asset Management has priced Europe’s first CLO in two months, according to market sources
CSAM European CLO price talk points to wide junior debt benchmarks3 months ago
A much-awaited deal provides colour on the state of the European CLO market as the price talk for Credit Suisse Asset Management’s inaugural 2019 European deal, Cadogan Square CLO XII, circulates across the industry
CSAM looks to set pricing benchmark as it markets new euro CLO via Barclays4 months ago
Credit Suisse Asset Management is looking to wake the European CLO primary market from its slumber with a new transaction named Cadogan Square XIII
The financial crisis was the making of ’em5 months ago
Some of the largest and best performing CLO managers before the crisis were fairly nimble by today’s standards — but these 1.0 outperformers are now among the biggest names in the industry
They said it: Too easy to launch CLOs5 months ago
"It’s just too easy to issue CLOs — way easier than it should be"
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