Euro CLO b-wic round-up: secondary volumes increase amid demand for short-dated paper14 days ago
Last week saw over €230 million of European CLO items listed on the secondary market, matching the almost €1 billion seen in refinancing volume.
US CLO b-wic round-up: secondary volumes reach new heights with equity lagging14 days ago
The US CLO secondary space saw almost $1.8 billion of paper listed last week according to CLO-i, a record amount for this year. Equity, however, did not draw much interest
Euro CLO league tables: May’s refinancings fall just shy of €1 billion17 days ago
European CLO monthly issuance has stayed roughly level since February what has differed recently though is the volumes of all forms of refinancings.
US CLO league tables: CSAM dominates globally but Octagon takes US lead17 days ago
Octagon Credit Investors clinched the top spot in the US broadly syndicated loan CLO market by a mere $129,000 from Credit Suisse Asset Management.
- Room for 10 more? The average loan overlap among recent European CLOs is 48.7% – so the expected influx of new managers will have to work hard to distinguish themselves from the pack24 days ago
Market bemoans Europe’s lack of CLO manager tiering24 days ago
Manager tiering became a hot topic in Europe again last month following Credit Suisse Asset Management’s decision to break with tradition by syndicating its triple A notes in Madison Park Euro Funding XIV, rather than place the notes with an anchor investor.
Euro CLO round-up: benchmark ruffles up, but junior tranches sit tight27 days ago
CLO triple A benchmark levels underwent a shake-up last week as Credit Suisse Asset Management and HPS Investment Partners brought deals to the market with first-pay tranches printing above the recent benchmark of 108.5 basis points
US CLO round-up: dropping anchor (investors) brings CLO spreads tighter27 days ago
Syndication was the theme of the week across the global CLO market last week as managers and arrangers presented deals which were sold to a more diverse group of investors than has been the case for most of this year.
CSAM ends bumper week with new issue CLO and hybrid CBO30 days ago
Credit Suisse Asset Management completed four CLO transactions this week after printing one new issue CLO and one hybrid CBO today
- Room for 10 more? The average loan overlap among recent European CLOs is 48.7% – so the expected influx of new managers will have to work hard to distinguish themselves from the pack1 month ago
CSAM syndicates triple A notes at 112bp in new European CLO1 month ago
Credit Suisse Asset Management yesterday priced its latest European CLO offering, syndicating its triple A notes at 112 basis points over Euribor
CSAM prices largest CLO refi of 2019 with triple As at 122bp1 month ago
Credit Suisse Asset Management could be poised to issue three CLO transactions this week, according to market sources
CSAM plans double CLO issuance next week with US and EU deals in the market1 month 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 surge1 month 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 picky1 month 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 market1 month ago
CSAM prints 2019's third largest new issue CLO, via BAML1 month 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 Q12 months 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 perfect2 months 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 giants2 months 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 ever2 months 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 year2 months 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 leverage3 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 up3 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 going3 months ago
The European CLO market showed signs of kicking back into gear in February with €3.32 billion of issuance
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