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European CLO primary spreads still have a long way to go
3 months ago
Are European CLO spreads in the primary market cheap or expensive? Our latest research shows that while US managers can celebrate AAAs reaching the 150s, in Europe spreads still have a long way to go to reach historical norms. -
Global CLO league tables - May 2023 YTD
11 months ago
Global CLO league tables - May 2023 YTD -
Global CLO league tables - April 2023 YTD
1 year ago
Global CLO league tables - April 2023 YTD -
Global CLO league tables - February 2023 YTD
1 year ago
Global CLO league tables - February 2023 YTD -
Global 2022 CLO league tables
1 year ago
Global 2022 CLO league tables -
Beneath the triple C: Winter is coming for CLOs as downgrades outstrip upgrades
1 year ago
Both US and European issuers have felt downward pressure from the rating agencies as we head towards the end of the year, with downgrades to triple C now firmly outpacing upgrades out of it. -
Global CLO league tables - November 2022 YTD
1 year ago
Global CLO league tables - November 2022 YTD -
Retailers, travel cos and Italian banks lead charge as market rally accelerates
1 year ago
Retail companies have been resurgent on Thursday as the credit market’s relief rally gathered pace, with Europe seeking to catch up with the US following its strong surge -
Credit and equity retreat from extremes but oil slumps further
2 years ago
Financial markets are mounting a tentative recovery on Tuesday, having been hammered to new bearish extremes at the start of the week -
Earnings wait puts German firm’s investors in real state
2 years ago
The credit market’s brief relief rally on Thursday morning has given way to a resumption of the bearish run, with one European high yield borrower entering dangerous territory and Tesla coming under pressure in US credit after its share price took a hit -
Euro CLO mezz widens but seniors hold firm as BlueBay and Sound Point price new issues
2 years ago
BlueBay Asset Management and Sound Point Capital Management became the latest CLO managers to price European new issues -
Euro CLO league tables: Upstarts Jefferies and Palmer Square fall just short of market leaders
2 years ago
ABC as easy as 1, 2, 3: Apollo leads new issuance as Barclays and CVC emerge as overall leaders, despite the efforts of newcomers Jefferies and Palmer Square. The European CLO market had a record year in 2021 as overall issuance fell just €3.2 billion short of €100 billion, more than double the previous record set in 2017 of €45.7 billion and a 325% increase on the coronavirus-impacted market in 2020 -
Caution returns to credit trading following tech sector rout
2 years ago
After a strong Tuesday session, financial markets are taking a more cautious step back on Wednesday amid returning inflation concerns and following a weak session for Chinese tech stocks -
Travel cos look sunny as credit returns with wind in sails
2 years ago
European credit is off to a positive start for the year, with a 3bp rally in iTraxx Crossover taking it to its tightest print since the 20 September roll -
Euro CLO league tables: Record new issuance month as CVC and Barclays jump back to top
2 years ago
November set yet another record for the European CLO market as managers priced €6.3 billion of new paper, the most in a month in the 2.0 era -
Euro CLO league tables: deal flurry takes Barclays and CVC to the top
2 years ago
The European CLO market machine swatted away any suggestion of a summer slowdown in August with €6.74 billion of issuance coming to market -
Oaktree Euro CLO moves market tighter as Deutsche Bank joins forces with Standard Chartered
2 years ago
European CLO triple As have jumped tighter with Oaktree Capital Management resetting senior notes at 93 basis points, compared to the 96.2bp July average for European CLOs with similar reinvestment profiles -
Global CLO trading lab: quality and optionality shine as 2020 and 2019 mezz trades up
2 years ago
The primary and secondary CLO markets are moving in tandem with both markets drifting wider amid a wealth of supply -
Euro CLO league tables: Killer Bs: Barclays and Blackstone cause buzz to lead new issuance
3 years ago
The coronavirus pandemic-induced volatility had a marked effect on the European CLO market in 2020 with total issuance falling by €18.5 billion and new issuance €7.8 billion lower than 2019’s figures -
Global CLO b-wic round-up: junior tranches trade above par as US volumes reach $45bn
3 years ago
A busy week of over $1.4 billion of US CLO secondary bonds and €290 million of European CLO paper gave light to CLO spreads across the capital structure continuing their push towards pre-covid levels -
Euro CLO league tables: Barclays heads close race for new issues
3 years ago
Bridgepoint became the fifth European debut manager in 2020 when it teamed up with Barclays to price Bridgepoint CLO I on 13 November. The €301.85 million deal featured triple A notes at 121bp over Euribor, 11bp wide of market tights -
Euro CLO league tables: Credit Suisse emerges top after big changes at Europe’s CLO desks
3 years ago
October was the busiest month for the European CLO market since the coronavirus first forced global lockdowns in March. Volume reached €4 billion across 12 transactions -
Primary pumped as Trump gazumped and vaccine hopes jump
3 years ago
A 'yuge' rally is underway in credit markets today, with optimism over Joe Biden's apparent victory in the US presidential election turning to elation following a big covid-19 vaccine breakthrough -
Euro CLO league tables: Deer Park takes GSO to top and gets Deutsche off the mark
3 years ago
For the second time in as many months a new name sits at the top of the European rankings as GSO Capital Partners takes the throne -
Euro CLO league tables: Apollo blasts its way to top spot
3 years ago
July marked the largest month of European CLO issuance since coronavirus pandemic-induced volatility hit financial markets
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