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Canyon scores 225bp triple A print on latest CLO
1 year ago
Canyon Partners priced a new CLO on Thursday with the triple A notes printing at 225 basis points over Sofr -
US jobs strength sends traders scrambling to cut Fed pivot trades
1 year ago
Credit spreads are ending the week on a sharp move wider, with a heavy sell off hitting financial markets in the wake of US jobs numbers that suggest any notions of a Fed pivot on rates are premature -
Global CLO trading lab: Seasoned equity prices lag as debt spreads level out
2 years ago
The CLO secondary market took a back seat to the surging primary market in August and September with secondary US CLO volume accounting for just 3.7% and 4.2% of the total US CLO market (primary and secondary volumes). But opportunities are there in CLO equity tranches -
Beneath the triple C: downgrades hold steady as Travelport loses its luggage
3 years ago
For the second month in a row downgrades to triple C steadied, with just under $9 billion of CLO loans falling to this rating across 34 corporate borrowers -
US CLO triple As move to below 200bp - but talf shouldn't get all the credit
4 years ago
US CLO triple As are trading inside 200 basis points for the first time in almost a month – but that is less a reflection of the talf announcement last week than to do with the broader rally across risk assets -
Benchmark European 2020 CLO trades 11 points down in secondary
4 years ago
A senior European CLO investor has flipped €21.9 million worth of notes onto the secondary market, selling eight of nine line items via a b-wic, sources say. Meanwhile, US CLO trading switched from being investment grade focused over the last month to being centred on below IG tranches yesterday: IG volumes reached $574 million versus $926 million for lower rated tranches -
Global CLO league tables - February 2020 YTD
4 years ago
Global CLO league tables - February 2020 YTD -
Euro CLO league tables: at long last - a reset, a refi and a debut
5 years ago
A chill swept through the European CLO market in April. While managers priced €3.16 billion of CLOs, it was the slowest month since January. -
Global CLO league tables at a glance - September 2018
5 years ago
A snapshot of the overall league tables as of 30 September -
BlueMountain's range of 2018 CLO transactions reaches double figures
5 years ago
BlueMountain made double figures yesterday, after hiring Citi to price its 10th CLO transaction of the year -
CLO b-wic line-up: in-demand GoldenTree CLO returns to secondary market
5 years ago
The double B notes in a recent GoldenTree Loan Management CLO are available in the secondary market today. The low-coupon bond is expected to trade at around 97 cents which would equate to a DM inside recent levels in the primary CLO market -
US CLO round-up: market springs into life with non-risk retention compliant deals
6 years ago
US CLO risk retention is on the verge of being abolished (the 5% rule is set to be officially scrapped on 11 May) and the market seems to have made itself comfortable with ‘springing’ vertical strips -
MJX prices its fifth CLO transaction of the year
6 years ago
MJX Asset Management issued a short-dated CLO reset yesterday, which is its sixth transaction in the CLO market this year -
US CLO round-up: spreads tighten as investors get comfortable with cushions
6 years ago
2018 is off to a promising start with the US CLO market having produced $7.0 billion of issuance -
CIFC prices second primary deal of 2017 in $656 million refi
7 years ago
CIFC has priced its second primary CLO deal in five days, according to market sources. -
Manager teams up with Citi again to reset 2012 CLO
7 years ago
Triple-A coupon goes up, but funding costs go down as Citi resets a 2012 CLO -
American Capital refinances 2013 CLO after Volcker amendment
7 years ago
American Capital Strategies has priced a refinancing of a 2013 CLO, just two weeks after passing a Volcker rule amendment -
Dallas firm trots into the primary market to price $574.8 million CLO
10 years ago
A credit manager has priced its third post-crisis CLO and its first with Morgan Stanley -
Credit market snapshot: credit tightens on stronger economic data
11 years ago
German growth figures and US retail sales figures better than expected -
Credit market snapshot: credit largely flat as market apathy takes hold
11 years ago
European credit moves wider in early trading this morning -
Credit market snapshot: wider last week despite deal on Greek debt exchange
12 years ago
European credit edges wider in early trading this morning -
Credit market snapshot: corporate credit sharply wider
12 years ago
All credit markets except sovereigns took a big step wider yesterday, following the lead of the equity markets -
European CLO equity trades as sellers return to the market
13 years ago
Yesterday saw three sellers put up CLOs for sale on bid-wanted lists simultaneously, resulting in an active hour or so in the secondary market -
Dealers settle cement maker CDS at high final price
14 years ago
A dealer auction today returned a high recovery of 97 on credit derivative trades referencing Mexican cement maker Cemex -
Fixed recovery CSOs braced for hit from latest restructuring
14 years ago
A panel of lawyers decided yesterday that Mexican cement maker Cemex triggered a restructuring credit event back in August 2009
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