Refine Search
Article Categories
Strategy Tags
Geography Tags
-
M&G is back with European CLO number two
21 days ago
Almost exactly one year after its European managerial market debut, M&G Investment Management returned to price Margay CLO II on Monday -
Static European CLOs gain traction with Onex marketing via Citi and NatWest
1 year ago
Onex Credit Partners is marketing Europe’s seventh static CLO of the year -
CVC issues print-and-sprint Euro CLO as Goldman marks comeback
1 year ago
Goldman Sachs returned to European CLO arranging duties last week as CVC Credit Partners priced a print-and-sprint deal -
CBAM: star power, friends in insurance, and doing things 'my way'
2 years ago
"And now the end is here, and so I face that final curtain... I've lived a life that's full, I traveled each and every highway, And more, much more
I did it, I did it my way". Sinatra could easily have been thinking of CBAM when he penned these lyrics. We look back at how a group of experienced CLO officials came together to launch a mega player in the CLO business in no time at all -
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 -
CLO 2022 Outlook: 2021 is hard act to follow, but CLO buyers have positives aplenty
2 years ago
New CLO issuance in 2022 will remain elevated but below 2021’s record numbers, banks agree. But there is no consensus among strategy desks on the volume of repricings to come, partly due to the unknown impact of the Sofr transition. -
CLO lower cap stack will outperform with $175bn new issuance in 2022: JP Morgan
2 years ago
Equity and lower rated tranche investors will do best as $175 billion of global new CLO issuance arrives in 2022, predict JP Morgan strategists in their annual outlook, taking market size to $1.2 trillion -
Sofr transition timing puts CLO debt and equity at odds, says BNP Paribas
2 years ago
CLO investors look to have tough conversations ahead on the structure implications of the transition from Libor to Sofr, with BNP Paribas strategists noting CLO debt will benefit from an early move while equity tranches would do better to wait -
Palmer Square's Euro CLO AUM rockets to €1.8 billion in just 14 months
2 years ago
Palmer Square Capital Management has kept strong momentum with its European CLO ambitions after pricing its second European static CLO of the year on Friday via JP Morgan -
Investcorp leaves double A tranche untouched in Euro CLO partial refi
2 years ago
Jefferies reworked the 2019 deal’s triple A, single A and triple B tranches in a €329.5 million transaction, leaving the double A-rated tranche untouched -
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 -
Euro CLO new issue 2021 volumes hit €17 billion as Palmer Square and Invesco price
2 years ago
-Invesco and Palmer Square have become the 35th and 36th European CLO managers to price new issues -
BofA bumps up Euro CLO refi/reset forecast as CVC and CBAM rework 2020 deals
2 years ago
Bank of America analysts revise forecasts of European CLO refinancing and reset volumes this year by €15 billion, as CBAM and CVC become the latest to rework deals -
CLO demand to drive loan outperformance over bonds: BNP Paribas
2 years ago
The buying power of CLOs and funds could mean leveraged loans rally further and outpace high yield bonds, says BNP Paribas' credit research team -
Global CLO trading lab: Octagon CLO comes out top in CLO double B spike
3 years ago
Double B-rated bonds made up 40% of the European and US CLO secondary markets last week. $222 million of US CLO double B bonds were on sale and a further €105 million of European CLO double B items were listed -
Beneath the triple C: CLOs benefit as upgrades make for lighter triple C buckets
3 years ago
For the first time since the sell off in March last year, downgrades to triple C have come to a near-standstill -
Spire inserts triple A loan tranche in European CLO reset
3 years ago
Bank of America arranged the €411.4 million transaction, which includes split triple A, pari-passu tranches in loan and note formats -
Barclays pulls levers as CVC resets and GoldenTree CLO surpasses Spire leverage
3 years ago
Barclays added to its arranging volume on Friday as GoldenTree Asset Management priced the market's highest levered European CLO -
BofA forecasts record European CLO volume in 2021 as another reset prices
3 years ago
Carlyle Group has become the first manager in March to reset a European CLO, while BofA estimates the European CLO market might break a new record in 2021 -
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 -
Debutant Jefferies takes Euro CLOs to €2 billion in under two weeks with Hayfin reset
3 years ago
"Pay no attention to the man behind the curtain" is a famous injunction associated with the Emerald City. But it is hard not to notice the woman-led team at Jefferies driving CLO volume, given it passed another impressive landmark on Thursday by resetting Hayfin Capital's inaugural Emerald CLO I -
KKR pushes for nearly five-year reinvestment as Redding Ridge resets €554 million CLO
3 years ago
The European CLO reset wave is proceeding apace with KKR and Redding Ridge pricing deals on Tuesday -
Carlyle adds equity and seeks tight pricing with 2016 European CLO reset
3 years ago
Carlyle Group is looking to add equity and price triple A debt tight to the primary CLO market with a €434.3 million reset of its 2016 transaction, Carlyle Global Market Strategies Euro CLO 2016-2 -
Euro CLO repricing hits €4bn as Jefferies arranges first deal and Investcorp drops double Bs
3 years ago
Spread compression is driving European CLO refinancing activity, with three transactions pricing on Friday: Carlyle Euro CLO 2017-2, Harvest CLO XVI and Man GLG Euro CLO III -
Basis between resets and new issues collapses as CVC prints Euro triple As at 83bp
3 years ago
CVC has reset and upsized a 2014 vintage European CLO, CVC Cordatus Loan Fund IV
Want all the latest news, comment, analysis and data?