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Bain goes back to its MM beginings with reset of BCC Middle Market CLO 2018-1
2 months ago
Bain Capital Credit delved into the archives for its latest deal, with a reset of its first-ever middle market offering, the 2018-vintage BCC Middle Market CLO 2018-1, pricing on Wednesday -
Global CLO league tables - May 2023 YTD
10 months ago
Global CLO league tables - May 2023 YTD -
Sound Point upsizes and prints 5yr Euro CLO with triple As at 96bp
2 years ago
Sound Point Capital Management has priced its latest European CLO new issue, upsizing the deal by €100 million since marketing. Barclays arranged the €505.4 million deal, -
It's all relative: CLOs march tighter as macro traders open positive CDS skews
3 years ago
Credit default swaps are back near where they started the year after giving up their early-February gains amid a rise in government bonds. CDS curves steepened over the past month and macro hedging has left indices trading with positive skews. But CLOs paint a calmer picture in which spreads have inched tighter -
It's all relative: senior CLO tranches tighten 18% in Europe as CDS indices sit out rally
The corporate credit rally in January is notable because some assets tightened to levels not seen in over a decade (loans), others rallied albeit with a lag (CLOs) and the most liquid stream of credit (CDS indices) defied moves in other asset classes to widen
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It's all relative: Euro CLO mezz rallies to follow month-long IG/HY compression
3 years ago
European credit suffered this week with Brexit talks between the UK and the EU dragging on and both sides conceding that a trade deal is unlikely to be reached by Sunday’s deadline. But European CLO tranches have held up reasonably well with mezzanine spreads tightening by almost 13% in December -
Global CLO b-wic round-up: Palmer Square sets highest cover as double B curve inverts
3 years ago
Palmer Square and MJX set the CLO secondary market trading range, but pickings in Europe were the slimmest they have been in almost five months -
OC health check: breaches start to take toll on July payment dates
3 years ago
37 CLOs reported an over-collateralisation test failure last week, but this was a falling percentage of those publishing trustee reports and none were fresh breaches -
Global CLO b-wic round-up: secondary prices reach March levels
3 years ago
The Memorial Day bank holiday in the US and the late May bank holiday in the UK meant a short week for CLO trading, but that did not stop a good supply of US CLO triple A rated paper making its way to the secondary market -
European investors eye 180bp pick-up on triple B CLOs traded in April
3 years ago
A b-wic consisting of mostly European triple B CLOs that traded in late April is on offer at 9.30am New York time tomorrow, according to market sources, as data shows spreads for the rating band averaging 546 basis points over Euribor as of 27 May -
Vida promotes marketing specialist to CIO
4 years ago
Vida Capital Management has appointed a new president and chief investment officer, effective 1 March -
US pension backs insurance credit fund
4 years ago
Montana Board of Investments has committed $40 million to an insurance credit fund opportunity fund managed by Vida Capital Management, according to a document seen by Creditflux. -
Global CLO b-wic round-up: US and European double B trading patterns diverge
4 years ago
48% of the CLO secondary market was made up of triple A bonds; $255.6 million of US CLOs and €108.55 million of European CLOs. But there were differences in how CLO double Bs are trading in those markets. -
Euro CLO round-up: debt investors own the floor as tempo picks up
4 years ago
It was one of those rare weeks in Europe when volumes surpassed the much larger US CLO market and, to cap it all off, spreads made a big jump tighter. -
US CLO round-up: Fed up of waiting
4 years ago
The US CLO market made a bright start this year, but 2019 now lags 2018 and 2017 after a weak August checked its momentum. This has left some pinning their hopes on a favourable outcome to the US Federal Reserve meeting this week, amid political overtures to up its game in the wake of the European Central Bank's stimulus package -
PGIM scores Europe's tightest CLO print of 2019 as resets make a comeback
4 years ago
PGIM yesterday reset its 2016 CLO named Dryden 48 via BNP Paribas, according to market sources, scoring the European market’s tightest triple A print of the year at 101 basis points over Euribor -
US CLO round-up: floodgates open in land of the giants
5 years 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. -
Full steam ahead: Italian railway workers' pension fund seeks private debt exposure
5 years ago
Eurofer, the €1 billion Italian pension fund, for railway workers, is seeking debt managers, with a focus on infrastructure, real estate or unlisted real estate companies. -
Viva la vida: fund manager Vida launches $800 million insurance credit fund
5 years ago
Texas-based Vida Capital Management has raised at least $800 million for its second credit opportunities fund -
Ex-Swiss Re structured credit head leaves insurance company in New York
6 years ago
Insurer has lost structured credit specialist who served as CIO, according to well-placed sources. -
High yield fund adds to its CLO 2.0 equity holding
10 years ago
A multi-manager high yield fund is making full use of its allocation to CLOs -
Monoline credit event ruling hits CSOs
14 years ago
ISDA determined yesterday that a failure to pay credit event has occurred on monoline insurer, Financial Guarantee Insurance -
European sovereign risk is underpriced, says Barcap
15 years ago
Barclay Capital's research released on 20 February points out that sovereign risk the most underpriced risk in European credit. -
Lehman writes off $830 million but beats expectations
16 years ago
Lehman Brothers beat analysts’ expectations by reporting full year income of $886 million or $1.54 a share
24 results found Showing page 1 of 1
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