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European CLO reset market opens for business
7 months ago
The first European CLO reset of the year happened this week in a EUR 400m transaction arranged by Deutsche Bank -
US CLO league tables: CVC team with BofA to grab lead
1 year ago
$5.4 billion of US CLO new issues priced last month, which marked the 11th straight month with no forms of refinancing pricing -
Global CLO trading lab: Payments season prompts equity to surge but short-dated bonds trade low
2 years ago
Over the last two weeks, $2.8 billion of US CLOs and €640 million of European CLO paper have appeared on b-wics, with equity making up 33% and 40% of the respective markets -
Chicago-based manager prints first new CLO in over three years
2 years ago
Chicago Fundamental Investment Partners has made a long-awaited return to the CLO primary market by pricing its first new issue deal in over three years -
Global CLO trading lab: Equity supply spikes as investors go long
2 years ago
CLO equity returned to the secondary market in a big way last week, after a month of very little visibility, with $118.3 million of US CLO and €44.9 million of European CLO subordinated notes on sale -
Oaktree resets European CLO at market tights
3 years ago
JP Morgan printed a €372 million reset of Oaktree Capital Management’s Arbour CLO IV on Friday afternoon, according to market sources. The deal points to further spread compression for CLO reset transactions, particularly for mezzanine tranches -
OC health check: CLOs pay $1.3 billion on senior tranches as payment dates come due
3 years ago
Senior debt holders received $1.3 billion of principal from CLOs that breached an overcollateralisation test in July, a month in which the majority of scheduled payment dates fell. Of those deals suffering an OC breach, 190 were due to make a payment to noteholders and 57% were within reinvestment. -
Moody's downgrades three tranches of 2017 vintage European CLO
3 years ago
Moody's has downgraded three tranches of a 2017 vintage CLO managed by Bardin Hill -
CLOs hold $189.3 million of J Crew as coronavirus pushes firm into bankruptcy
4 years ago
12 CLO managers hold $189.3 million debt of US retailer and household name J Crew (parent company Chino Holdings), which filed for Chapter 11 in the US Bankruptcy Court for the Eastern District of Virginia on Monday -
Global CLO b-wic round-up: spreads tighten across the board as bond-flex CLOs trade well
4 years ago
Price levels have tightened and, more importantly, stabilised across the secondary CLO market over the last two weeks, but the Easter break led to a drop off in CLO b-wic supply -
Global CLO b-wic round-up: $8 billion of US CLOs listed in record-breaking March
4 years ago
Last week brought an end to the busiest month in both the US and European CLO secondary markets since at least 2014. $7.7 billion of US CLO paper was on sale in March with a further €1.8 billion of European CLO bonds available, bringing the total listed in Q1 to $13.9 billion and €3.6 billion -
Global CLO b-wic round-up: CLO triple As recover but mezz left behind
4 years ago
The CLO secondary market was a tale of two halves last week. 100% of all bonds listed in b-wics on Monday and Tuesday had no covers released (either traded or did not trade), but the end of the week was a different story for both markets -
Global CLO league tables - February 2020 YTD
4 years ago
Global CLO league tables - February 2020 YTD -
Global CLO b-wic round-up: junior mezz rebounds with busiest week since June
4 years ago
Secondary market CLO trading has made a busy start to 2020 with $478.6 million of US deals and €103.3 million of European CLOs up for sale last week -
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. -
Debut manager prices first ever mid-market CLO backed entirely by software loans
5 years ago
Chicago-based Vista Credit Opportunities entered the mid-market CLO arena on Friday, pricing a first-of-its-kind deal backed enterprise software loans -
US CLO round-up: spread widening hits CBOs (as well as CLOs)
6 years ago
Anchorage has priced two bond-heavy securitisations this year and financing costs are clearly increasing -
Zais CLO tops Creditflux performance tables
7 years ago
Two Zais CLOs have produced strong returns, earning them a place in Creditflux's updated ranking for the highest CLO equity distributions in July -
Demand for CLO mezz dries up in the secondary market
12 years ago
A four item CLO b-wic went ahead yesterday featuring mezzanine bonds that have been relatively liquid in the secondary market this year -
Creditflux trading game enters deciding sessions
14 years ago
Today may generally be a holiday today for the US, but not for those still fighting for a prize-winning place in the Creditflux trading game -
Santander to buy back bonds at discount
14 years ago
Banco Santander announced a tender offer yesterday, which proposed the cash buy back of certain fixed rate securities. -
Regulators foil WMD in Creditflux game's fifth week
14 years ago
Things got a little bit crazy in week five of the Creditflux trading game hosted By Traccr, as some participants’ trades clearly expressed the view “Credit crunch? Counterparty risk? Never heard of ‘em. Margin? What are you talking about?” -
Buy Crossover payers and sell main payers, recommends Barcap
15 years ago
Using the “Out-of-the-money (OTM)-implied beta,” Barcap analysts derive information about the markets’ expectations of a (de)compression and its trade implications
23 results found Showing page 1 of 1
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