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Apollo redeems ALME Loan Funding V CLO via BWIC
3 months ago
Apollo is the seller of the EUR 237m BWIC that was due on 16 January as it liquidated its ALME Loan Funding V CLO -
European ABS and CLOs rally on Fed rates forecast
3 months ago
Trading activity in European ABS and CLOs was strong on Thursday (14 December) after the Federal Reserve signalled it would cut rates in 2024 -
Palmer Square liquidates 2022 CLO through BWIC
3 months ago
Palmer Square is the seller of a mammoth EUR 350m loan and bond BWIC portfolio that was auctioned last Thursday (4 January) as it has been winding down Palmer Square European Loan Funding 2022-3 -
European ABS and CLOs rally on Fed rates forecast
4 months ago
Trading activity in European ABS and CLOs was strong on Thursday after the Federal Reserve signalled it would cut rates in 2024 -
Secondary market activity in Europe quietens on US holiday, but strong sentiment prevails
5 months ago
Secondary trading was quieter in Europe this week, especially the last two days, due to the US Thanksgiving break -
ABS rallies on better-than-expected inflation prints
5 months ago
The European ABS market has rallied over the last two days on news of rapidly falling inflation in both the US and the UK -
European structured finance market constructive on rates pause — market snapshot
5 months ago
European ABS and CLOs had a constructive week in the secondary market, reflecting better sentiment in broader credit -
European secondary activity quieter as CLO spreads widen further
6 months ago
Activity in the secondary market was quieter for a second week, especially with half-term holidays in the UK, according to market sources -
Structured finance secondary market quiets down as volatility intensifies
6 months ago
Secondary market activity in European structured finance was subdued this week, in the wake of further market volatility sparked by the Israel-Hamas war -
Hedge fund profit-taking prompts ABS sales as spreads soften in deteriorating macro conditions
6 months ago
More European ABS and CLO BWICs were on offer this week, as some hedge funds are selling their positions with a view to take early profits before the market widens further. -
ABS spreads hold up in spite of September issuance deluge, while CLOs soften
7 months ago
Trading activity in European ABS has slowed down, as the market absorbs one of the busiest months for issuance for years -
European secondary ABS market rallies amid vibrant summer primary
9 months ago
After last week’s spread widening, triggered by a repricing of monetary policy expectations, sentiment in Europe’s structured finance market is on the upswing again. -
Secondary activity ramps up as post-Barcelona rally continues
10 months ago
BWIC activity across European ABS and CLOs increased this week as investors and asset managers look to take some risk off heading into the summer -
CSAM and Five Arrows print Euro CLOs as bwic activity ramps up
11 months ago
Credit Suisse Asset Management and Five Arrows rounded off the week with two new issue European CLOs, while secondary bwic volumes increased week-on-week -
Barclays shifts Euro CLO trading to ABS team with departure
1 year ago
A European CLO trader at Barclays, who took on more responsibility for trading following a keu figure departure, is understood to have parted ways with the bank late last year -
European CLO market weathers liability-driven investment crisis as just 4% of b-wics fail to trade
1 year ago
European CLO b-wic supply surged in September as liability-driven investment strategies sought to raise collateral via the floating rate CLO market. -
Apollo scooped up $1.1 billion CLO paper amid UK LDI crisis, officials confirm
1 year ago
Apollo Global Management bought a whopping $1.1 billion of triple A and double A-rated CLO paper yielding over 8% in the three weeks of elevated bwic supply in October -
Private equity firms are becoming CLO converts: TwentyFour
1 year ago
Private equity firms have increasingly bought CLO and other securitised debt tranches in recent weeks instead of their usual preference for physical assets - a trade TwentyFour believes "makes perfect sense" -
Sofr away from me – basis puts new CLO triple As in dire straits
1 year ago
A relative value gap has opened between secondary and primary market CLO triple A tranches, with the former looking attractive as volatility heightens and the basis grows between Libor and Sofr. This presents an additional problem for managers hoping to do new business -
Investors scoop up €228 million of senior European CLOs after record b-wic
1 year ago
Record European CLO secondary volume has been easily digested, with a large $228.2 million b-wic on Tuesday providing a prime example -
US loan index falls below 92 to almost wipe out gains since July
1 year ago
The S&P/LSTA Leveraged Loan Index sank to an average bid of 91.92 cents by Monday, down by two points in as many weeks, wiping out almost all the gains seen in the late-summer market rally -
European CLOs emerge as gilt-y pleasure for US investors amid record b-wic volume
1 year ago
European CLO b-wics have flooded the market this week with sources indicating elevated supply on Wednesday and Thursday resulted in some of the busiest days on record. Officials at Bank of America say their weekly trading volume approached €1 billion -
Widening asset/liability gulf will hurt CLOs: Barclays
1 year ago
A mismatch between CLO asset / liability rate risk is increasing in the US as more leveraged loan issuers opt for one-month pay frequency, Barclays credit strategists have found -
BNP Paribas splits European secondary ABS and CLO leadership as it hires from rival
1 year ago
BNP Paribas has hired an experienced ABS trader, while promoting its senior CLO trader to a leadership role -
Short duration CLOs are putting reset risk in the post: Barclays
1 year ago
The CLO market’s recent trend of shorter duration issuance could be setting up a problem for managers down the line that will impact their equity returns, Barclays has warned
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