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Global CLO b-wic round-up: Europe and US an ocean apart as flows reverse
5 years ago
Last week saw €102.35 million of European CLOs listed on the secondary market, only the second instance of 2019 with over €100 million of items put up for auction, but the US CLO b-wic market closed a strong month with a down week. -
Global CLO b-wic round-up: fixed tranches make their way into European secondary
5 years ago
Last week brought the first instance of fixed coupon tranches trading in the European CLO secondary market this year, according to CLO-i. -
Euro CLO b-wic round-up: mezz is where the money is
5 years ago
This year, there has been one constant: junior mezzanine tranches have accounted for most listings on the secondary market -
Global CLO b-wic round-up: record February underscores secondary market value
5 years ago
A roaring February, bringing $2.615 billion listed in the US CLO b-wic market, ended with only a murmur last week -
Global CLO b-wic round-up: momentum stalls in CLO secondary market
5 years ago
Only $589.94 million worth of assets were posted on CLO b-wics last week with a US public holiday disrupting the flow. But the trade rate was high with some $422.74 million of CLOs changing hands. -
Euro CLO b-wic round-up: triple A notes boost volumes
5 years ago
At first glance, the European CLO secondary market has matched its US counterpart with b-wic volumes peaking last week -
European CLO equity in focus for secondary market with 50% trade rate
5 years ago
European CLO equity valuations ranged from the 50s to 70s, but only two our of four positions traded yesterday -
European CLO secondary market wakes up as several b-wics emerge
5 years ago
European CLO issuance has been non-existent since 26 November, but a flurry of CLO b-wics have been posted over the last few days, which should give investors an indication of where bonds are trading following the prolonged period of inactivity -
Strong demand for euro CLO triple As suggests expectations of a refi wave
5 years ago
A high volume of European CLO triple A bonds were marketed on bwics to trade today at 10am London time -
Buy and hold isn't only option for CLO equity
5 years ago
New US CLO equity is being more regularly flipped into b-wics. Figures suggest that equity pieces of 2017 and 2018 US deals made up 22% of the b-wic market over the past four quarters -
Control equity up for grabs in two 2015 CLOs this Wednesday
5 years ago
Control equity in two 2015 CLOs is up for auction at 9.30am New York time this Wednesday -
JP Morgan AM liquidates fund that made CLO warehouse investments
5 years ago
JP Morgan's Asset Management arm is liquidating the $1 billion Palm Lane Credit Opportunities Fund -
Control equity in recently reset Apollo European CLO goes on the auction block
5 years ago
Control equity in Apollo Global Management’s European CLO will be up for grabs next week -
CLO b-wic line up: equity in Apollo euro deal with low funding costs goes on sale
5 years ago
European CLO equity is so often described as being the most illiquid part of the global CLO market, but the last few days there has been a significant amount of trading in this area. -
CLO b-wic line up: European equity makes up 85% of today's market share
5 years ago
European CLO equity has found a sudden burst of liquidity, albeit in bite-size pieces -
CLO b-wic lineup shows it’s never too late to trade 1.0 equity
5 years ago
Old legacy deals make a comeback today as €37 million and $12 million of 1.0 equity is up for grabs in two European deals - Eurocredit CDO VI and Oak Hill European II - and one US deal, Gale Force 3 CLO. -
CLO b-wic line-up: control equity in Investcorp euro deal goes under the hammer again
5 years ago
An investor is looking to sell a control equity position in Investcorp Credit Management’s 2015 European deal, Harvest XI -
CLO b-wic line-up: equity in 2.0 CLO with the lowest funding costs hits the market
5 years ago
It is set to be an eventful day for the secondary market as $264 million of US CLO b-wics and €35.9 million of European CLO b-wics are taking place -
CLO b-wic line-up: over $300 million of senior CLO paper goes on the block
5 years ago
Senior notes dominate the secondary market today as $306.5 million worth of triple A notes are up for grabs -
CLO b-wic line-up: middle market positions trickle into secondary market
5 years ago
CLO b-wic lineup: middle market positions and blast of double Bs flood the market -
CLO b-wic line-up: 5% CLO stakes go up for sale
5 years ago
With US CLO risk retention a thing of the past the door has opened for managers to offload their vertical strips -
CLO b-wic lineup: junior debt in Columbia CLO goes under the hammer
5 years ago
From triple A notes down to the equity, a bit of everything is up for grabs today -
CLO b-wic line-up: $42 million of double B CLOs go up for sale
6 years ago
$41.9 million of double B notes are up for grabs today via b-wics. Out of these 16 line items, GSO Capital Partners’ Seneca Park is a noteworthy deal with the CLO being just two months away from the end of its reinvestment period -
CLO b-wic line-up: soon to be static Euro triple As go up for sale
6 years ago
Fresh off the UK bank holiday yesterday, there is one CLO aution scheduled today for CLO investors interested in European triple A-rated tranches -
CLO b-wic line-up: price talk circulates on CVC CLO control block
6 years ago
The control equity position in CVC Credit Partners’ 28 days-old reset, CVC Cordatus Loan Fund VI, is available in the secondary market today
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