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Beneath the triple C: Stormy October hits CLOs with rising tide of downgrades
1 year ago
After a slight respite in the pace of downgrades over the summer for CLOs, October brought renewed momentum as macro-economic pressures - primarily high interest rate burdens for corporate borrowers and supply side inflation - became the recurring rationale -
Beneath the triple C: ebbs and flows leave triple C levels at a temporary stasis
1 year ago
Following a rising tide of downgrades in May the loan market stabilised somewhat in June, with seven issuers held by CLOs downgraded to triple C and a counter-swell of five names upgraded to single B. -
Fidelity breaks through with Article 8-aligned European CLO
2 years ago
Fidelity International has paired with Barclays on its first new issue European CLO since lifting out and onboarding MeDirect’s leveraged loan and CLO team -
The only way is up: single A investor expresses rates view through BlackRock Euro CLO
2 years ago
BlackRock has printed its second European new issue CLO of 2021, BlackRock European CLO XII, achieving triple A tights in the process -
BNP Paribas AM cuts CLO tranche costs throughout structure with refi
2 years ago
=BNP Paribas Asset Management has refinanced a 2019 Euro CLO, arranged via its banking arm, with tightening across all tranches -
Euro CLO triple A benchmark drops to 94bp as CVC edges to top spot
2 years ago
The benchmark for European CLO triple As has dropped further with levels tightening to 94 basis points over Euribor on CVC’s latest new issue -
BofA adds to Euro CLO volume with Permira new issue and Spire triple A refi
2 years ago
Bank of America added €635.6 million to its European CLO arranging volume having priced a new issue for Permira and a partial refi for Spire -
Investcorp passes €3 billion 2021 volume with new issue via Barclays
2 years ago
Investcorp Credit Management has taken its European CLO 2021 volumes above €3 billion after pricing its second new European CLO of the year named Harvest XXVII yesterday -
Beneath the triple C: CLOs benefit as upgrades make for lighter triple C buckets
3 years ago
For the first time since the sell off in March last year, downgrades to triple C have come to a near-standstill -
Italian banks push wider on EU coronabond stand-off
4 years ago
Political divisions over tackling the coronavirus economic crisis are front and foremost for European credit traders this week ahead of an EU leaders virtual summit on Thursday, with Italian and Spanish banks among today's worst performers in CDS -
Global CLO b-wic round-up: control equity hits the market as secondary market picks up
4 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. -
Euro CLO league tables: no arb, no refis, no debuts - but healthy new issuance
5 years ago
New issues have dominated the European CLO market so far this year, representing 89.19% of total first quarter issuance
12 results found Showing page 1 of 1
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