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Standard Chartered looks to expand London CLO trading team
4 years ago
Standard Chartered is looking to bolster its CLO team by hiring a trader in London -
Global CLO b-wic round-up: equity, equity everywhere, but trading volumes sink
4 years ago
For the second week in a row, over $230 million of US CLO equity went on sale and multiple control equity positions were listed in the CLO secondary market -
Global CLO b-wic round-up: US CLO equity returns in big way as four control positions hit the market
4 years ago
Over $230 million of US CLO equity went on sale last week via bid lists, the first time these assets have made their way to the secondary market in 2020. It also marks the most US CLO equity listed in a week since at least 2018, according to CLO-i -
Global CLO b-wic round-up: junior mezz rebounds with busiest week since June
4 years ago
Secondary market CLO trading has made a busy start to 2020 with $478.6 million of US deals and €103.3 million of European CLOs up for sale last week -
Managers amend CLO structures amid refinancing ripple
4 years ago
CLO managers have deployed various measures to keep their deals ticking amid a European refinancing wave. -
Global CLO b-wic round-up: Junior mezz covers return while triple A supply drives big week
4 years ago
Narrowing of the bid-ask gap that has plagued junior mezzanine tranches could bring a change of fortunes in the US CLO secondary market -
Established firms say managers new to European CLOs will struggle to attract assets
4 years ago
New managers making their way in the European CLO market may have a fight on their hands, with sources noting the difficulty these firms face in getting sizeable allocations. -
Global CLO b-wic round-up: volumes jump as investors get their triple A fix
4 years ago
The US CLO secondary market brought over $1.2 billion in total listings last week with the main driver behind last week’s supply being an increase in US CLO triple A bonds and an anchor equity position. -
Global CLO b-wic round-up: control stake trades as junior notes come to the fore
4 years ago
The European and US CLO secondary markets produced high volumes of junior and subordinated notes last week. Over 30% of listings were rated as equity, single B or double B. -
Rate cuts force US and Europe price re-adjustment
4 years ago
Central banks’ latest round of interest rate cuts sent relative value between US and European CLOs to head into a whirlwind in recent weeks, sources say -
Global CLO b-wic round-up: US and European double B trading patterns diverge
4 years ago
48% of the CLO secondary market was made up of triple A bonds; $255.6 million of US CLOs and €108.55 million of European CLOs. But there were differences in how CLO double Bs are trading in those markets. -
Creditflux CLO Census goes live
4 years ago
Creditflux has opened the voting for its third CLO Census. The annual survey aims to determine who the best CLO service providers are – including arranging banks, law firms, trustees and trading desks – while also shedding light on where market participants stand on key industry issues, answering questions such as: should CLOs incorporate ESG investment guidelines? -
Global CLO b-wic round-up: secondary market awakens with control equity bonanza
5 years ago
Four anchor positions made available on secondary market as equity accounts for over a third of all volumes. -
One day, two investors, three CLO controlling stakes in secondary
5 years ago
Two investors are inviting bids for anchor positions they hold in three CLOs. -
Global CLO b-wic round-up: 71% of equity positions trade as supply picks up
5 years ago
The European and US secondary CLO market took a step back this week as the primary CLO generated $7.8 billion of deal flow globally -
CLO investor looks to offload US and European anchor equity positions
5 years ago
There are two controlling CLO equity stakes up for sale today with a 2017 European deal and a reissued US transaction going under the hammer -
Global CLO b-wic round-up: control equity hits the market as secondary market picks up
5 years ago
The CLO secondary market in both Europe and the US brought healthy volumes last week. There was €174.9 million listed in the European CLO secondary market, while the US returned a with just over $600 million in CLO b-wics. -
Global CLO b-wic round-up: secondary volumes make up for slump in primary
5 years ago
June saw the highest volume of US CLO b-wics this year with over $3.8 billion of US CLOs on the auction block, according to CLO-i. -
Euro CLO b-wic round-up: secondary volumes increase amid demand for short-dated paper
5 years ago
Last week saw over €230 million of European CLO items listed on the secondary market, matching the almost €1 billion seen in refinancing volume. -
Doing CLOs is hard work as recovery lags
5 years ago
There’s scrutiny on staffing, structures and, of course, ‘the challenging arb’. But Q4 volatility created opportunity, which led speakers at the Creditflux CLO Symposium to ask for more -
Global b-wic round-up: Short-dated CLO paper hits the market
5 years ago
Last week brought over $800 million of b-wics listed in the US CLO secondary market for the first time this month, with around 10% being paper that had a reinvestment period that ended in 2019. -
Global b-wic round-up: US CLO equity continues its surge
5 years ago
Last week marked the third straight week that the US CLO secondary market has seen total listings of under $600 million, but over a quarter of that was equity. -
Control equity available in BlackRock CLO just one month after first payment
5 years ago
Control equity in BlackRock's 2018 European CLO is up for auction today at 10am New York time (3pm London), according to market sources -
Global b-wic round-up: secondary flows drop to $599 million in the US
5 years ago
Secondary CLO trading took a back-seat last week, with European market participants away Monday and the US focused on 10 primary market pricings -
Global b-wic round-up: focus shifts to the wings of the capital structure
5 years ago
The secondary US CLO market looks to be rebounding after a slow end to the first quarter of 2019 with first-loss and first-pays drumming up attention
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