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Forthcoming new issue from LCM points to further CLO spread tightening
1 year ago
LCM Asset Management is marketing a new CLO via Deutsche Bank, with price talk indicating liability spreads could be poised for further tightening -
New Barings CLO scores first sub-200bp triple A print since July
1 year ago
Barings broke the US CLO market's issuance drought on Thursday, pricing the first primary transaction of the week and scoring the tightest debt execution since July in the process -
Triple A CLOs widen to 225bp after CSAM prices US deal
1 year ago
Credit Suisse Asset Management priced a new CLO on Friday with triple As pricing at a record wide yield of Sofr plus 225 basis points -
Blackstone scores tightest five-year CLO pricing of the month
1 year ago
Blackstone Credit priced a new CLO on Wednesday that has funding costs of 255.9 basis points, the tightest debt execution seen for a five-year reinvestment deal in July -
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 -
Tikehau scores 99bp triple As on Euro CLO reset but mezz trails wide of market
2 years ago
Tikehau Capital has scored tight triple As on the reset of its 2016 vintage European CLO, Tikehau CLO II, but mezz tranches trails slightly wider -
Talk about Elevation: US CLO volume soars, with 2018 record bested, as ArrowMark finds its notch
2 years ago
New issue CLO volume in the US surpassed $2 billion for the third business day in a row on Tuesday, and overall yearly issuance hit a new record, as ArrowMark Partners became the latest manager to join the fray -
Mid market CLO league tables: No change up top but KKR and Silver Point enter race
2 years ago
The mid market CLO space welcomed two new faces to its ranks last month as Silver Point Capital and KKR priced a new issue CLO each -
Mid market CLO league tables: stalwarts Golub and Natixis reign supreme again
2 years ago
It may have taken seven months, but the mid market CLO league tables have familiar faces at the top with Golub Capital and Natixis leading the way in manager and arranger issuance, respectively -
CSAM prints largest new issue Euro CLO since 2017
3 years ago
Credit Suisse Asset Management has priced the largest European new issue CLO since at least November 2017, according to Creditflux data -
Sound Point docks 24bp from 2017 US CLO triple As
3 years ago
Sound Point has shaved 24 basis points off the triple A notes of its 2017 CLO named Sound Point CLO XVII with a refinancing -
JP Morgan shaves costs on over $1 billion of CLO refis for Sound Point and MJX
3 years ago
JP Morgan printed over $1 billion CLO refinancings this week by arranging cost-saving transactions for Sound Point Capital Management and MJX Asset Management -
Redding Ridge prices its largest CLO of 2020 with first five-year deal post-covid
3 years ago
Redding Ridge Asset Management priced its sixth - and largest - new CLO of 2020 on Friday, naming the $520.71 million transaction RR 12 -
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 -
Capital Four markets four-year European CLO
3 years ago
Capital Four is marketing its second European CLO, just over a year after making its debut in CLO management -
Global CLO b-wic round-up: CLO lower mezz tightens while equity investors strive for duration
3 years ago
A large supply of CLO paper flooded the secondary market last week as $1.5 billion of US CLO bonds and €370 million of European CLOs were listed, according to CLO-i -
CLO double Bs on sale as sub-investment grade rally fizzles out
3 years ago
After more than a month of rapid tightening, CLO double Bs trended wider last week by roughly 60 basis points, as the market for these sub-investment grade tranches stabilises in the mid-800s -
Global CLO b-wic round-up: secondary prices reach March levels
3 years ago
The Memorial Day bank holiday in the US and the late May bank holiday in the UK meant a short week for CLO trading, but that did not stop a good supply of US CLO triple A rated paper making its way to the secondary market -
Global CLO b-wic round-up: equity makes a return as investors search for price levels
4 years ago
Three European CLO equity bonds have traded with colour attached in the last two weeks in the secondary market -
Global CLO b-wic round-up: spreads tighten across the board as bond-flex CLOs trade well
4 years ago
Price levels have tightened and, more importantly, stabilised across the secondary CLO market over the last two weeks, but the Easter break led to a drop off in CLO b-wic supply -
Global CLO b-wic round-up: $8 billion of US CLOs listed in record-breaking March
4 years ago
Last week brought an end to the busiest month in both the US and European CLO secondary markets since at least 2014. $7.7 billion of US CLO paper was on sale in March with a further €1.8 billion of European CLO bonds available, bringing the total listed in Q1 to $13.9 billion and €3.6 billion -
Global CLO b-wic round-up: US CLO equity returns in big way as four control positions hit the market
4 years ago
Over $230 million of US CLO equity went on sale last week via bid lists, the first time these assets have made their way to the secondary market in 2020. It also marks the most US CLO equity listed in a week since at least 2018, according to CLO-i -
Global CLO b-wic round-up: volumes jump as investors get their triple A fix
4 years ago
The US CLO secondary market brought over $1.2 billion in total listings last week with the main driver behind last week’s supply being an increase in US CLO triple A bonds and an anchor equity position. -
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. -
Anchor equity in 2018 CLO reissue fails to trade in secondary market
4 years ago
The anchor equity piece of Anchorage Capital’s 2018 reissue, Anchorage CLO 5-R was up for grabs yesterday on a b-wic seen by Creditflux
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