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€68 million of CLO seniors go up for sale with wide range of bids expected
7 years ago
As the US takes a day off, a variety of triple-A rated European CLO tranches will go under the hammer later today as part of a €68 million auction. Dealer price talk seen by Creditflux suggests DMs could fall within an 80bp range -
Euro CLO equity price talk highlights sharp contrast with US NAVs
8 years ago
A large number of European CLO equity tranches are up for sale in the secondary market today, according to CLO-i B-wic tracker. -
Double-B spreads hit 1,500bp in tough secondary market
8 years ago
CLO mezzanine paper took another battering in the secondary market yesterday, as two 2014 double-B tranches traded wide of 1,500 basis points -
CLO equity trading goes private as bid-offers soar
8 years ago
The secondary market for CLO equity moves away from using bwics in January according to buy-side sources -
Dryden CLO single-B trades to show 30 point gap in US/euro pricing
8 years ago
A secondary market auction on Friday saw a single-B rated note from the Dryden 29 deal trade with a cover price of 83 cents on the dollar -
Single-B CLOs hit the market as price talk reaches mid-50s
8 years ago
Single-B rated debt tranches of CLO 2.0 deals are expected to trade at deep discounts today, according to secondary market sources -
2006 CLO equity position beats price talk by 50 points to trade over par
8 years ago
A legacy CLO which returned 25.3% to equity last year, surprised some in the market by trading above par. A number of dealers had valued the tranche in the 50s. -
BTG Pactual offloads European CLO assets, reports Bloomberg
8 years ago
Bloomberg reports that Brazilian investment bank BTG Pactual has sold more than $250 million of European ABS assets this month, as it attempts to raise cash -
Control CLO equity fails to trade in secondary despite low 70 bids
8 years ago
A majority equity stake in Steele Creek CLO 2014-1 was available in the secondary market yesterday and sources say that while bids in the low 70s were being made, the position failed to trade -
Control equity investor seeks bids for 2014-vintage CLO
8 years ago
The CDO secondary market is bursting back into life with nine b-wics scheduled for tomorrow. One notable auction taking place sees control equity in Steele Creek CLO 2014-1 go under the hammer -
CLO first pay is yours for 50 cents in the dollar - if you are a large bank
9 years ago
The forthcoming secondary sale of a highly unusual CLO has hit a snag -
B-wic indicates that 2.0 CLO mezz prices have tightened 50bp
10 years ago
A CLO b-wic yesterday confirmed that demand for CLO mezz is driving junior spreads tighter -
Market sell-off hits demand for secondary CLOs
10 years ago
DNTs on the rise, as heavy supply meets overall market weakness -
CFlux indices highlight 50 point increase in CLO prices over three years
11 years ago
Creditflux’s secondary CLO indices have all swept higher again today after a flood of CLO paper washed up onto the secondary market last week -
Call rights change hands as Carlyle CLO trades in secondary
11 years ago
The first trades in the secondary CLO market this year were completed yesterday as a controlling equity position in a Carlyle CLO went on the block -
Harbourmaster leads the way as euro CLOs pump out huge equity returns
11 years ago
Investors may start to give euro CLO equity a second look with CLO-i reporting huge distributions of late -
$21 million double-A piece in MJX CLO attracts strong demand
11 years ago
Investors were given the opportunity to take home a $21.3 million slice of the originally double-A rated notes in a strongly performing CLO -
Manager's CLOs clock 50%-plus distributions for 2012
11 years ago
Demand for CLO equity has hit new heights in recent months and data from CLO-i shows that a manager's two deals are among the most prized -
Asset manager gets inundated with bids after posting CLO buy-it-now prices
11 years ago
Secondary CLO buyers rushed into action as a $63.45 million bid list circulated last week giving interested parties the chance to eliminate the competition and buy bonds outright -
Regulator fines Guggenheim Securities for traders' CLO price fudge
11 years ago
Finra announced yesterday that it has taken action against Guggenheim Securities and two bankers for covering-up losses it incurred on a European CLO purchase. -
CLO investor summit poll reveals switch to primary
11 years ago
Almost 70% of CLO investors expect to be active in the primary market in the next 12 months -
Hedge funds lap up flow of euro CLOs in the secondary market
11 years ago
European CLO paper swamped the secondary market yesterday in a now familiar trend -
Senior investor trades out of manager's European CLOs
11 years ago
Senior debt slices from a manager's two European CLOs were available yesterday in the secondary market -
2007 CLO hits the spotlight again as investor cashes in on equity trade
11 years ago
An investor traded a $38 million CLO equity position yesterday – apparently locking in a tidy profit in the process -
Grim prospects leads to sellers pulling the plug on CLO b-wics
12 years ago
Thursday was being built up as a big day for secondary CLO traders with eight b-wics being arranged yesterday but market participants are reporting that the outlook remains gloomy
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