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US CLO managers ready to test the waters after tidal wave of loan refis
7 years ago
Funding costs for forthcoming new CLOs are on course to fall significantly -
Euro CLO buyers hunt for primary deals
7 years ago
European CLO equity investors are hungry for new issue paper -
Deutsche Bank expert view: navigating CLO complexity
7 years ago
Deutsche Bank expert view: navigating CLO complexity -
StoneCastle targets CLOs with new cash management product
7 years ago
StoneCastle, one of the largest investors in US community banks, is expanding its cash management product into structured credit -
Halcyon explains CLO strategy after loan trades draw questions
7 years ago
Halcyon Loan Management bought Seadrill loans at wildly different prices over a three-week trading period -
Demand heats up for fixed-rate CLOs amid new rates expectations
7 years ago
A large insurer is looking to hedge its floating-rate CLO portfolio by buying fixed-rate swaps -
‘Egregious’ negative cash splits CLO investors
7 years ago
Key investors debate one of the most emotive topics in the CLO market -
Nomura puts triple-C holdings under the CLO microscope
7 years ago
New research from Nomura highlights some of the big differences in the ways that different CLOs deal with triple C assets -
Minority vote could clinch CLO redemptions under new proposals
8 years ago
CLO equity buyers are looking into a proposal that would let them keep control of call rights despite owning less than 50% of a CLO's equity -
Time for a haircut
8 years ago
Debt investors should consider whether the structural protections in their CLOs are based off the most robust portfolio metrics available, says Fitch -
Negative cash introduces market price risk to euro CLOs, finds Fitch
8 years ago
Fitch Ratings has observed an increasing number of European CLOs running negative cash balances, according to a report published yesterday. Creditflux readers will already be familiar with the strategy, which we reported on earlier this month. -
CLO managers turn negative to boost euro equity returns
8 years ago
Details have emerged of a controversial trading strategy in European CLOs -
European CLOs lay down floors as Euribor rates turn negative
8 years ago
Quantative easing has started to have an impact on the European CLO market -
CLO overpays equity after test breach
8 years ago
Senior investors in a 2007 European CLO missed out on principal payments after interest proceeds were mistakenly used to pay equity distributions -
Moody’s warns on CLO trading gains
8 years ago
Moody's points out that there is a growing practice of CLOs treating trading gains as interest rather than principal proceeds -
CLO trustee makes payment seven years late
9 years ago
Former investors in three European CLOs managed by Pramerica Investment Management received welcome gifts last month -
CLOs turn to second liens as Volcker kicks in, says Morgan Stanley
9 years ago
CLOs have increased their holdings of second lien loans in the past year from a low base, says Morgan Stanley -
Managers plan to revive multi-currency CLOs as demand grows
9 years ago
Multi-currency CLOs move back onto the agenda as US demand for European deals increases -
Slow loan settlement boosts CLO equity returns, notes Morgan Stanley
9 years ago
Researchers at Morgan Stanley point out a paradox in the CLO market: some CLOs have recently been running negative cash balances -
CLOs empty their bond buckets
9 years ago
Growing numbers of older CLOs are being tweaked to make them Volcker-compliant, while Volckerisation is becoming the norm when deals refinance -
Arrangers phase out CLO single-Bs
9 years ago
Single-B CLO tranches are under threat as yields for these bonds refuse to budge below 750 basis points over Libor -
US CLO mezz will tighten relative to European, predicts Morgan Stanley
9 years ago
US triple A spreads will hit 135 basis points in the next 12 months, forecasts investment bank -
Triple-A buyers shun European CLOs with buy-back clauses
9 years ago
The return of CLO buy-back options in European deals is meeting resistance from senior CLO investors -
Buyers should beware dealers’ CLO models, conference hears
9 years ago
Some CLO desks are misleading buyers by using different modeling assumptions when they sell bonds in the primary market to those they using in secondary trading -
Barely one-quarter of CLOs own TXU as it goes into bankruptcy
9 years ago
CLOs have steadily sold loans from the former TXU (now known as Energy Future Holdings) ahead of the energy company's widely expected bankruptcy filing yesterday
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