Refine Search
Article Categories
Strategy Tags
- Direct lending (7)
- Emerging markets (6)
- High yield bonds (19)
- Investment grade credit (10)
- Structured credit (31)
- CLO (remove)
- Distressed debt (4)
- Leveraged loans (42)
- Synthetic/SRT (12)
- ABL Financing (6)
Geography Tags
-
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 -
Bridgepoint becomes control equity investor in 2021 CLO after secondary trade
1 year ago
Bridgepoint says it bought an additional 30% equity stake in its third European CLO, Bridgepoint CLO 3, meaning the firm has a majority equity interest in the deal at 61%. The price suggests the CLO is performing well -
European junior CLO debt can withstand downturn without taking principal loss: TwentyFour
1 year ago
European CLO single Bs are able to weather a “moderately pessimistic forecast” in which loan defaults spike to 6.5% for two years, without coming close to taking a principal loss, according to a blog written by TwentyFour Asset Management’s Elena Rinaldi. -
"If anything is to be salvaged from the rest of 2022, the economy needs a hero — and quickly"
1 year ago
Something has gotta give as a recession looms in the US. Might it be energy? -
Can someone call the triple A? We’ve stalled
1 year ago
CLO issuers are in need of AAA roadside assistance. Despite the emergence of new buyers, a lack of senior CLO investors — particularly US banks — has brought the primary market to a halt -
They said it: "We are proud to be moving our industry in a direction that will bring greater liquidity..."
1 year ago
Brian Carosielli, co-head of global credit trading at Bank of America, on a new CLO trading platform -
Points up front: BofA takes both sides
1 year ago
As dealers joined forces for the Octaura electronic trading platform, KopenTech announced a rival... -
Loan traders eagerly await electronic trading solution
1 year ago
The announcement of Octaura’s electronic loan and CLO trading platform last month has been met with positivity by market participants, who laud the unified approach taken by large investment banks in supporting the initiative -
Euro double As and US triple As offer best value in CLOs: BNP Paribas
1 year ago
Secondary market double A rated tranches offer the best relative value in European CLOs’ capital structures, while US triple As in primary starting to look attractive, according to BNP Paribas credit strategists -
CLO spreads are not pricing in recession: JP Morgan
1 year ago
CLOs are priced fairly for a growth slowdown but not a recession, according to JP Morgan credit strategists, who warn spreads are at risk if US growth contracts -
Jefferies raids Citi CLO team again with key trading hire
1 year ago
Jefferies is poised to poach another top Citi European CLO official -
Another head of European CLO trading departs
1 year ago
The head of European CLO trading at a major bank has left his role in London -
Oaktree identifies CLOs among top picks in credit
1 year ago
Oaktree Capital Management’s head of performing credit Armen Panossian has outlined CLO tranches among his three favoured investments in this market -
Octaura's real-time trading solution paves way for loans and CLOs to drop illiquid tag
1 year ago
The unprecedented cooperation between CLO trading desks that culminated last week in the launch of Octaura could change the way credit investors judge the relative value merits of loans and CLOs versus liquid alternatives such as high yield bonds -
European secondary volumes rise through ups and downs
1 year ago
Europe’s secondary CLO market has been boosted by elevated supply as primary issuance trickles amid market volatility. Sources indicate that around €370 million of paper appeared on b-wics across the capital stack in each of the first two weeks of May. -
We’ll get through this awkward patch
1 year ago
Wide liabilities have made pricing CLOs trickier in the past few months. But speakers at Creditflux’s CLO Symposium were optimistic that the arbitrage is OK — so long as you can place those triple As -
Credit Rendezvous: Pass masters
2 years ago
Most often, a credit market downturn has its roots mired in one big, blatant obstacle that credit managers have to focus their attention to overcome. But right now, it’s not the dominant risk factor that has to be defeated, it’s the sheer number of them... -
High yield / loan slowdown affects year-end projections and pricing: Barclays
2 years ago
A sharp decline in primary market activity means expectations for high yield bond and even leveraged loan issuance need to be lowered, say Barclays credit strategists. And that in turn has implications for relative value -
Accunia seeks diversification with Euro CLO equity fund
2 years ago
Accunia Credit Management’s first fund geared predominantly to secondary European CLO equity has been launched with a view to ensuring better diversification across managers and vintages, according to portfolio manager Christian Grane -
"Faltering oil supply is lamentable at a time of strategic and moral shortfall"
2 years ago
We need to accept the pain and cut dependence on Russian oil today -
CLOs look attractive after corporate rally - but not all tranches: Barclays
2 years ago
Rallying corporate cash credit spreads over the past two weeks have widened the basis with CLOs and made these products look attractive again, according to Barclays strategists -
CLO sellers bide their time amid widening Ukraine crisis
2 years ago
Russia’s invasion of Ukraine has sent shockwaves across the world, and CLOs, despite limited exposure to either country, have felt its impact. Those signs are most visible in the secondary market -
Banks join fight against slow loan settlement in mini-win for CLOs
2 years ago
Several developments are in the works to tackle painfully slow loan settlement times in Europe, with Goldman Sachs, JP Morgan, Clifford Chance and the Loan Market Association among the firms looking to drive change -
Global CLO trading lab: Payments season prompts equity to surge but short-dated bonds trade low
2 years ago
Over the last two weeks, $2.8 billion of US CLOs and €640 million of European CLO paper have appeared on b-wics, with equity making up 33% and 40% of the respective markets
Want all the latest news, comment, analysis and data?