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Fund manager increases exposure to NYL Investors' 2015 CLO
8 years ago
A structured credit fund made €3.9 million of CLO purchases last month, in a bid to take advantage of widening spreads in the secondary market. -
Dryden CLO single-B trades to show 30 point gap in US/euro pricing
8 years ago
A secondary market auction on Friday saw a single-B rated note from the Dryden 29 deal trade with a cover price of 83 cents on the dollar -
Single-B CLOs hit the market as price talk reaches mid-50s
8 years ago
Single-B rated debt tranches of CLO 2.0 deals are expected to trade at deep discounts today, according to secondary market sources -
2006 CLO equity position beats price talk by 50 points to trade over par
8 years ago
A legacy CLO which returned 25.3% to equity last year, surprised some in the market by trading above par. A number of dealers had valued the tranche in the 50s. -
Bank shrugs off departure to take key role in large CLO b-wic
8 years ago
Investor sources say that a bank, which recently lost its head CLO trader, was one of the most active market-makers on a $217 million CLO b-wic which took place on Friday -
CLO buyer left with coal in its stockings despite healthy turn out for owic
8 years ago
Market sources say that the $850 million CLO equity owic which took place yesterday resulted in did-not-trades across the board. However, the owic clearly caught the attention of CLO investors -
Control equity investor looks to fill its stockings with $850 million of CLOs
8 years ago
A CLO equity investor is looking to go on an $850 million spending spree ahead of the holidays. The unknown investor has released an owic in which it is aiming to buy 100% of the equity in 15 CLOs -
BTG Pactual offloads European CLO assets, reports Bloomberg
8 years ago
Bloomberg reports that Brazilian investment bank BTG Pactual has sold more than $250 million of European ABS assets this month, as it attempts to raise cash -
Senior notes in Doubleline CLO make secondary market debut
8 years ago
Triple-A rated notes in a CLO launched by debutant manager Doubline Capital are in for the bid today, according to trader sources -
Investor releases owic as it seeks $160 million of CLO equity
8 years ago
An investor is looking to buy $160 million of CLO equity tranches in the secondary market, according to trader sources -
Prices head north of par as investors bid up seasoned CLO mezz
8 years ago
Primary CLO volumes may have slumped recently but there is still plenty of demand for CLO debt, judging by prices seen in the secondary market. -
Hedge fund dashes CLO bargain buyers’ hopes
8 years ago
A recent bid list in the CLO secondary market provoked feverish speculation that a large structured credit buyer was being forced to sell -
Senior CLO investor dumps low-coupon triple As
8 years ago
A triple-A CLO investor offloaded $56.7 million of risk as six senior CLO notes traded in the secondary market yesterday -
Equity in unusual 2006 European CLO trades at 10 cents
8 years ago
The equity in a CLO which attracted controversy in 2009 for retiring junior debt has made a rare appearance in the secondary market. -
CLO investor reveals reserve levels after double-Bs fail to trade
8 years ago
A $28.5 million CLO auction took place on Friday in which the seller shed some light on CLO valuations. The b-wic featured 20 names and despite only two bonds trading, the seller disclosed its reserve price for some of the positions. -
Double-Bs in BlackRock 2.0 trade up to defy soft CLO market
8 years ago
Junior CLO spreads have gapped out massively over the last two months, but one investor appears to have made a capital gain after selling a 2012-vintage BlackRock CLO -
JP Morgan takes central role as CLO senior notes hit the secondary market
8 years ago
Senior tranches dominated the CLO secondary market yesterday and sources say that JP Morgan was the most active market-maker in these positions. -
Control CLO investor distributes $90 million bid list
8 years ago
Bids are due tomorrow on a $90 million CLO equity b-wic which features control positions in CLOs managed by Babson Capital Management and CIFC Asset Management. -
Equity prices slump as CLO market suffers biggest shock since 2011
8 years ago
Investor sources have told Creditflux that US CLO equity valuations have dropped dramatically in the past two months -
B-wic shows slump in CLO equity demand as volatilty hits credit markets
8 years ago
Even top-performing CLOs have suffered in the last month with equity tranches said to be down by several points. A b-wic yesterday appeared to confirm this. -
Investor looks to sell $687 million of senior CLOs
8 years ago
A senior CLO investor is looking to offload $100 million-plus chunks of 2.0 paper, according to market sources. -
Control CLO equity fails to trade in secondary despite low 70 bids
8 years ago
A majority equity stake in Steele Creek CLO 2014-1 was available in the secondary market yesterday and sources say that while bids in the low 70s were being made, the position failed to trade -
Control equity investor seeks bids for 2014-vintage CLO
8 years ago
The CDO secondary market is bursting back into life with nine b-wics scheduled for tomorrow. One notable auction taking place sees control equity in Steele Creek CLO 2014-1 go under the hammer -
Investor swaps CLO equity for warehouse
8 years ago
CLO manager's parent sells equity to free up cash for a new warehouse facility -
Majority equity holder in Sound Harbor CLO scraps sale plans
8 years ago
The control investor behind Sound Harbor Loan Funding 2014-1 has scrapped a b-wic which was due to today,
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