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You seem familiar
1 year ago
The overlap between European CLOs has risen to 51.6%, but the largest issuers are only slightly more aligned to their peers at 55.19% — so bonds are proving to be an important differentiator -
Euro CLO league tables: PGIM and Jefferies lead as Euribor caps come back in fashion
1 year ago
April was the quietest month of the year in the European CLO market with only €2 billion pricing across four new issues and one reset -
Global CLO league tables - April 2022 YTD
1 year ago
Global CLO league tables - April YTD -
CLOs at a glance (May 2022)
1 year ago
A listing of CLOs that have priced in the last month
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PGIM opts for two-year reinvestment on Euro CLO with triple As at 110bp
2 years ago
BNP Paribas arranged the €401.3 million deal, which features a shorter than traditional reinvestment and non-call period -
Managers debate ethics of investments in arms makers
The armaments industry has for a long time been negatively perceived by CLO managers and investors alike. But Russia’s invasion of Ukraine has sparked debate on the subject2 years ago -
Arb work pays off
2 years ago
With day-one arbitrage alone delivering projected CLO cash-on-cash returns of 20-25%, 2021 may have been the best year ever for equity investors — at least until CLO spreads began to widen -
CLOs at a glance (April 2022)
2 years ago
A listing of CLOs that have priced in the last month -
LP round up: Oak Hill wins $3bn mandate as credit allocations near $10bn in March
2 years ago
Institutional investors revealed over $9.5 billion of allocations to credit funds in March. Oak Hill Advisors walked away with the largest mandate, as US heavyweight pension Calpers allocated a whopping $3 billion across several of its funds -
Global CLO league tables - March 2022 YTD
2 years ago
Global CLO league tables - March YTD -
Euro CLO league tables: Jefferies takes huge lead as managers bunch up
2 years ago
The increased volatility and geopolitical risk brought about by Russia’s invasion of Ukraine meant European CLO issuance dropped off in March after a strong February -
PGIM prints European CLO with triple As at 120bp
2 years ago
PGIM priced its latest European CLO, Dryden 91 Euro CLO 2021, today via Citi with triple As at 120bp -
European CLO triple As set to hit 120bp with PGIM pricing today
2 years ago
PGIM is poised to price a European CLO today with sources indicating that the deal – Dryden 91 – is due to issue senior notes at 120 basis points. This is set to be the new benchmark, but it is almost 30bp wide of levels in mid-February -
PGIM raises $2.4 billion for inaugural direct lending fund
2 years ago
PGIM Private Capital held a final close on its inaugural direct lending fund, PGIM Senior Loan Opportunities I -
PGIM becomes third manager this year to reset 2015 Euro CLO
2 years ago
PGIM has paired with Morgan Stanley to reset its 2015 deal Dryden 39 -
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 -
CLOs at a glance (February 2022)
2 years ago
A listing of CLOs that have priced in the last month -
KKR and PGIM among bidders to buy Alcentra: Bloomberg
2 years ago
BNY Mellon is set to offload its credit investment unit Alcentra, according to a report by Bloomberg citing people familiar with the matter -
PGIM expands all debt classes with Euro CLO reset
2 years ago
PGIM has reset a European CLO it signed late last year, greatly increasing the size of the deal in the process -
PGIM switches Euro CLO double A tranche from fixed to floating rate with refi
2 years ago
PGIM has refinanced three tranches – the triple As, one double A tranche and triple Bs - of its 2018 European CLO Dryden 66 -
Credit Fundraising: Private credit and CLO captive equity feature strongly as closes mount up
2 years ago
Credit funds have made a fair start to the fourth quarter, although the $21 billion raised during October is down substantially on September’s impressive record for 2021 -
CLOs at a glance (November 2021)
2 years ago
A listing of CLOs that have priced in the last month -
PGIM drops fixed rate triple A tranche in reset
2 years ago
PGIM has paired with BNP Paribas to price the reset of its 2019 European CLO named Dryden 69 -
CLO Census results: Citi and JP Morgan still top in US but Jefferies breaks through in Europe
2 years ago
Citi and JP Morgan are the clear favourites in US CLO arranging – the pair are locked in a close battle for supremacy over deal volumes and they have been voted joint-best at US CLO execution, according to the results of Creditflux’s CLO Census -
Global CLO trading lab: bank sells $834 million triple As in quarterly reallocation as hedge fund trades CLO equity
2 years ago
Thursday’s secondary CLO market was the busiest of 2021, with over $1 billion of US CLOs on offer. This featured an enormous b-wic worth $834.3 million, where sources have told Creditflux of the bank behind the aucton. While a large credit hedge fund is said to have sold out of control CLO equity
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