Refine Search
Article Categories
Strategy Tags
- Direct lending (1)
- High yield bonds (11)
- Investment grade credit (8)
- CLO (48)
- Distressed debt (4)
- Leveraged loans (7)
- Marketplace lending (1)
- Synthetic/SRT (12)
Geography Tags
-
Four managers print $1.5 billion CLO refis
3 years ago
Four CLO managers - CVC Credit Partners, CarVal Investors, Ellington Management Group and Neuberger Berman - each priced a CLO refinancing transaction on Friday -
Curve steepeners gain ground with inflation in focus
3 years ago
Credit performance this week has done little for market-directional trading strategies, but one area gaining traction beneath headline numbers is the steepening of curves -
It's all relative: CLOs are lagging no more, as Carlyle deal drags market tighter
3 years ago
“CLOs are lagging” has been a much repeated refrain over the last nine months. But Carlyle Group has this week produced a US CLO that has dragged spreads to their tightest point in three years so that, rather than comparing CLOs to pre-covid levels, they should be assessed against early 2018 -
It's all relative: senior CLO tranches tighten 18% in Europe as CDS indices sit out rally
The corporate credit rally in January is notable because some assets tightened to levels not seen in over a decade (loans), others rallied albeit with a lag (CLOs) and the most liquid stream of credit (CDS indices) defied moves in other asset classes to widen
-
Credit touches November levels as nerves fray on France and Fed
3 years ago
Fears of a third national lockdown in France and the risk of disappointment from Wednesday's US Federal Reserve meeting have pushed credit wider along with a sell off in stocks -
Fallen angels and financials feel heat as CDS indices roll
3 years ago
CDS indices are rolling into new contracts today, with outgoing series of iTraxx Europe and Crossover widening sharply from the market’s open on technical as well as fundamental factors -
CLO refi volumes reach $320 million this week as Fortress prices second deal
3 years ago
Fortress Credit Investors has priced a second CLO refinancing in the space of as many days, bringing the weekly refi volumes up to $318.72 million - the largest week for CLO refis by volume since February -
Beneath the triple C: downgrades hold steady as Travelport loses its luggage
3 years ago
For the second month in a row downgrades to triple C steadied, with just under $9 billion of CLO loans falling to this rating across 34 corporate borrowers -
Investcorp targets most liquid loans for new European credit fund
3 years ago
Investcorp Credit Management is targeting “the largest and most liquid European issues” after raising €318 million for a levered credit fund that invests in European loans -
JC Penney bankruptcy weighs on CLO and CDX HY baskets
3 years ago
CLO managers hold nearly $250 million of the debt of JC Penney, which filed for chapter 11 protection in the US Bankruptcy Court for the Southern District of Texas on Friday -
Jump-to-default risk collapses after Senate backs biggest ever US relief package
4 years ago
The US Senate's agreement of a record $2 trillion stimulus package is shaking jump-to-default risk from high yield corporate credit today, with some iTraxx Crossover constituents shedding over 1,000bp from the front end of their CDS curves -
Refi wave gets bigger as Apollo and Neuberger reprice CLOs
4 years ago
The US CLO refi wave continues unabated with Apollo Global Management and Neuberger Berman pricing the 27th and 28th refis to hit the market in 2020, according to market sources, pushing volumes to $12.5 billion in the process -
Global CLO b-wic round-up: that's another fine mezz you've gotten me into
4 years ago
European CLO investors are tripping over themselves to buy mezzanine paper in the secondary CLO market -
US loan trading: CLO managers flee Acosta but gorge on Buckeye
4 years ago
Loan holdings in October gave CLO managers a taste of the good, the bad and the ugly: they feasted on Buckeye, fled Acosta, and could not get rid of Deluxe -
Norinchukin's CLO portfolio decreases for first time in years
4 years ago
Japanese CLO heavyweight Norinchukin posted its financial statements yesterday, where it reported a 1.42% drop from its statements at the end of the second quarter -
Euro loan trading: Swissport flies into CLO hands
4 years ago
A total of €339.9 million of Swiss airport business Swissport boarded CLOs in August, making it the most popular issuer in August -
Credit traders' kickstand: ECB rocket boosts Europe's outperformance of US
4 years ago
Investment grade credit index iTraxx Europe has reopened a 5bp differential with US counterpart CDX IG, boosted by the European Central Bank’s stimulus plan -
European CLO round-up: sun shines on Anchorage's quasi-CBO
5 years ago
The European CLO market is at its best when the sun is shining and the sky is blue, judging by the last couple of weeks -
Summer of innovations continues as manager prices Europe's first 2.0 CBO
5 years ago
A US-headquartered manager has priced Europe’s first CBO since the financial crisis, according to market sources -
BlueMountain and JP Morgan ready their fifth CLO deal together in 2018
5 years ago
BlueMountain Capital Management and JP Morgan are preparing to issue their fifth CLO transaction in partnership this year -
Assurant prices its third, and largest, new CLO via JP Morgan
5 years ago
Assurant has priced its third CLO transaction since making its debut in the market in September 2017 -
PGIM prices first GBP CLO of the 2.0 era
5 years ago
PGIM brought a fresh innovation to the CLO market today by pricing the first sterling-denominated deal of the 2.0 era -
Ares lays down a marker with 85bp CLO triple A print as European spreads widen
5 years ago
After pricing a benchmark CLO at the start of the year, Ares Management is back in the primary market after pricing Ares European CLO X today -
US CLO round-up: triple A notes come in all different shapes and sizes
6 years ago
CLO triple As priced at varying levels this week with an 8.5bp gap between the tightest and widest prints -
Euro CLO round-up: five banks combine to launch GoldenTree deal
6 years ago
While GoldenTree priced a novel CLO this week, Ares's newest European CLO priced just this afternoon with an impressive headline triple A print of 68bp
Want all the latest news, comment, analysis and data?