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CLO b-wic line-up: recent deals dominate secondary market
6 years ago
Recently priced deals have been put up for sale in the secondary market as 75.1% of today’s b-wic line-up consists of deals which have been priced (or altered) in the last 12 months -
CLO b-wic line-up: Carlson CLO equity available with non-call due to expire
6 years ago
$48.82 million of US CLO paper is available in the secondary market today through b-wics, according to CLO-i -
Gallatin offloads vertical strip just days after CLOs legally freed from risk retention
6 years ago
The New York manager has become one of the first to trade the vertical strip it held in a CLO following the repeal of US risk retention regulations, according to market sources -
B-wic round-up: demand for secondary CLO equity picks up in 2018
6 years ago
Secondary trading prices for US CLO debt tranches have been falling since the start of the year, with average cover prices for junior debt reverting to where they were six months ago. However, the opposite has to be said for CLO equity -
Tastes change in secondary trading
6 years ago
Our analysis of the secondary market shows that, since 2013, appetite for CLOs run by tier one managers persists through market dips and rallies. -
Global head of CLO trading retires from Goldman Sachs
6 years ago
The global head of CLO trading at Goldman Sachs, Sameer Maru, has retired from the bank after close to two decades -
Control equity position in 2018 CLO goes on the auction block
6 years ago
A 52.88% control equity position in a CLO that closed in February appears on b-wic for sale tomorrow -
B-wic round-up: mid market CLOs find new homes in secondary market
6 years ago
The US secondary CLO market has had another eventful week as $908.2 million worth of CLO notes were made available, out of which $693.2 million, or 76.3%, traded successfully -
B-wic round up: triple A investor locks in gains after major CLO auction
6 years ago
Senior notes completely dominated the secondary market last week as one investor decided to showcase a $635.54 million selection of triple A notes spanning 13 CLOs -
Recently priced CLO triple A bonds up for grabs in $635.54 million B-wic
6 years ago
Large slices of recently priced CLO triple A paper are up for grabs in the secondary market today, according to market sources -
B-wic round up: large chunks of Silvermine CLO trade in $263 million auction
6 years ago
One CLO investor stepped up, in what was otherwise a quiet week in the secondary market, to launch a colossal b-wic totalling $263.1 million -
B-wic round up: investor flips 2018 CLOs without waiting for the closing date
6 years ago
Flipping CLOs is not an unusual trade. But it is when it's done before a transaction has even closed -
B-wic round-up: attention shifts to senior US CLO paper as trade rate hits 100%
6 years ago
The availability of US CLO equity tranches in the secondary market dried up last week, with holders perhaps reacting to regulators' move to repeal US CLO risk retention -
B-wic round-up: it's never too late to buy CLO equity
6 years ago
Secondary CLO market trades from the last week show that investors feel there is value in legacy CLOs where the call options have already been exercised and the debt repaid -
Five CLO control equity positions worth $126.2 million up for grabs this week
6 years ago
Control equity stakes in US CLOs worth $126.2 million have been circulted on b-wics this week -
Control equity position in Seix CLO circulates on b-wic
6 years ago
An 80% stake in a Seix Advisors-managed CLO's equity tranche has appeared on a b-wic -
US CLO debt tranches trade at a premium in secondary market
6 years ago
CLO secondary market in 2018 opens with four positions trading at a premium -
Bids reach 87 cents for equity in re-issued CSAM CLO
6 years ago
A control equity stake in a 2017 CSAM CLO - which traces its roots back to 2007 - was up for sale via a b-wic late last month -
Finra pencils in proposals to trace extra detail in CLO trades
6 years ago
Finra is stepping up its efforts to provide greater transparency on secondary CLO pricing, according to several market sources -
Majority position in 2016 CLO fails to trade in secondary
6 years ago
A CLO equity investor has attempted to trade its control equity position in a 2016 US CLO. -
New CLO equity is being locked up
6 years ago
In what could be a sign of things to come, controlling blocks of equity in CLOs subject to risk retention have not been readily available in the secondary market this year. By Tanvi Gupta -
CSAM-managed CLO's junior notes trade at 104.53 in secondary market
6 years ago
A stake in the double B notes of CSAM's 2012 CLO traded at 14:00 yesterday after circulating on a B-WIC -
US CLO round-up: New Jersey managers come to market in style
7 years ago
After a slow start following Labor day, four US CLOs have priced this week – including a deal arranged by Goldman Sachs for Zais -
US CLO round-up: 2017's leading managers come back for more
7 years ago
Three of the most active managers in the CLO market this year – including two who dared venture into the primary market in the opening weeks of 2017 – returned to price their latest CLO transactions this week. We look at which managers have been most active in 2017 across new issue, refis and resets -
L-shape position trades from manager's 2016 US CLO
7 years ago
Several of the debt tranches and a sizeable amount of equity in Zais CLO 5 traded from a b-wic yesterday, in one of the more unusual secondary CLO market trades of recent times.
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