Refine Search
Article Categories
Strategy Tags
- Direct lending (1)
- High yield bonds (4)
- Investment grade credit (3)
- CLO (21)
- Distressed debt (3)
- Leveraged loans (1)
- Synthetic/SRT (5)
Geography Tags
-
Beneath the triple C: Life could be better, but it’s just a letter, under the CCC
1 year ago
Many market participants were eagerly looking forward to a break in December after a gruelling year, but the rating agencies were in no mood to oblige. -
Europe welcomes four new CLOs in a day after nothing for one month
1 year ago
No issuance to speak of in a month, and then four CLOs come along at once -
"Some observers believe Europe’s opportunity in private debt lies at the lower end of the middle market"
2 years ago
European private debt has lagged its counterpart in the US. But a growth spurt may not be far off -
Anchorage prints 60th Euro CLO new issue of 2021
2 years ago
Anchorage Capital has priced the 60th European new issue CLO of 2021, taking new issue volume above €24 billion -
Cross Ocean targets up to $1 billion for European special situations fund
2 years ago
Cross Ocean Partners is seeking up to $1 billion for its latest European special situations fund -
CLO pipeline: queue gets longer as Blackstone goes again and Sancus makes first move
2 years ago
The queue to price for US CLO managers is only getting larger with 18 new issue CLOs in the pipeline, according to market sources, along with 18 repricings and two new issue European CLOs and two mid market CLO resets -
CLO pipeline: and breathe... issuance splurge clears the backlog
3 years ago
Over 20 deals remain in the CLO pipeline, despite a glut of issuance last week in which 38 transactions priced, totalling $18.1 billion -
CLO pipeline: go long! new issues and resets push refis aside
3 years ago
The CLO market is ready to go beyond refinancings - after this year's opening blitz of those deals - into the longer tenored territory of resets and new issues -
CLO pipeline: Deutsche Bank and Carlson hit comeback trail
3 years ago
The CLO market is preparing to be very active in the coming weeks, as the issuance slow-down is set to be in the rear view mirror -
Bain saves 19.2bp on European CLO funding costs with partial refi
3 years ago
Bain Capital has partially refinanced the three most senior tranches of its European CLO, Bain Capital Euro CLO 2018-2 -
CLO pipeline: busy year, so let's take time to reset
3 years ago
The US CLO market this year has been dominated by new issues and refinancings, but now is the time of the reset judging by this week’s pipeline -
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 -
US looks for stronger open after sell off
3 years ago
US credit is opening slightly stronger on Thursday, after its sharp Wednesday rout, prompted by Federal Reserve messaging, carried over forcefully into Asian and European markets -
Redding Ridge prices European CLO triple As at tightest levels since July 2018
3 years ago
A new triple A benchmark has been set for European CLOs with Redding Ridge pricing triple A notes at Euribor plus 87 basis points, inside its low/mid 90s guidance -
Compression plays out as HY and European CLO double Bs outperform
3 years ago
Investment grade and high yield credit spreads have tightened in sync with each other this week, but CDS and CLOs alike underline that the big theme over the past month has been compression between investment grade and high yield -
Europcar bonds hit full throttle on restructuring agreement
3 years ago
Europcar bonds are among the best performing in a flattish market today, after the French vehicle hire firm obtained an agreement with its main creditors on a financial restructuring -
European CLOs rise in secondary with Sound Point deal up 4.25 cents from issuance
3 years ago
Double-B rated CLO tranches received bids in the high 90s on Wednesday with Sound Point Capital Management’s debut European CLO attracting the highest cover of 98.25 cents on the euro. But the CLO rally is lagging moves in corporate credit -
Global CLO league tables - August 2020 YTD
3 years ago
Global CLO league tables - August 2020 YTD -
Global CLO league tables - July 2020 YTD
3 years ago
Global CLO league tables - July 2020 YTD -
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 -
Financials and commodity names lead credit widening as oil slumps
4 years ago
Credit markets ended last week going wider and the theme continues today, as the price of oil slumps further amid growing concern about how the impact of the coronavirus outbreak will stifle demand -
BlackRock prices reset of debut Euro CLO
6 years ago
BlackRock Investment Management has reset its debut European CLO from 2016, according to market sources -
Euro CLO managers support sponsors and originators in (almost) equal measure
6 years ago
€20.9 billion worth of new European CLOs priced last year and, according to Creditflux data, there was an almost equal distribution between deals that went the sponsor route and deals that opted for an originator structure
Want all the latest news, comment, analysis and data?