Refine Search
Article Categories
Strategy Tags
- Direct lending (1)
- High yield bonds (2)
- Investment grade credit (2)
- CLO (29)
- Distressed debt (1)
- Synthetic/SRT (2)
Geography Tags
-
New Bain CLO prices tight and sees Europe's longest reinvestment period of 2023
9 months ago
Bain Capital Credit priced its first European CLO of 2023 on Monday, scoring some of the tightest prints in the market since the first quarter in the process -
Europe leads broad rally amid speculation on softening rates timeline
1 year ago
After a cautious start to the week, credit markets have rallied ahead of policy decisions by the US Federal Reserve and Bank of England, amid growing investor anticipation of a slowdown in rate hikes as well as hope of a reopening Chinese economy -
Oaktree rejigs cap stack and cuts reinvestment on upcoming European CLO
1 year ago
Jefferies is targeting next week to price Arbour CLO IX, with changes to the reinvestment period and a smaller overall deal. As expected, price talk has widened since September marketing -
Credit rally gathers momentum as Fed pitches for credibility
1 year ago
European credit’s relief rally has extended on Tuesday, with US stock futures pointing in a positive direction on return from the country’s holiday and the US dollar slipping a touch against the euro -
KKR offers 105bp area for junior triple As with Avoca Euro CLO refi
2 years ago
KKR Credit Advisors is looking to refinance triple A to triple B minus debt tranches from its Avoca CLO XX this week -
Barclays pulls levers as CVC resets and GoldenTree CLO surpasses Spire leverage
3 years ago
Barclays added to its arranging volume on Friday as GoldenTree Asset Management priced the market's highest levered European CLO -
European CLO triple As go tighter still as KKR prints at 83bp
3 years ago
Triple A spreads ground tighter in January with KKR’s latest European CLO -
Global CLO b-wic round-up: Junior tranches rally amid heavy supply, including portfolio liquidation
3 years ago
The US CLO secondary market rally is showing no signs of slowing down after a week of over $1 billion worth of bonds was listed and well absorbed, according to market sources. The European market also had a roust week with over €300 million of paper up for grabs, although the market stayed generally flat with some tightening in double and single Bs -
Relative value plays swell secondary
3 years ago
The secondary CLO market has been revived this year as volumes shatter 2019 totals. Investors are finding that secondary values outweighs that in primary, with the added bonus of full portfolio disclosure -
OC health check: August reports slow torrent of fresh breaches to a trickle
3 years ago
198 CLOs reported an over-collateralisation (OC) breach in August, only three of which were completely new breaches. This is a slowdown from July, when 230 deals suffered some kind of OC breach, according to the latest reports from CLO-i -
Global CLO b-wic round-up: double Bs lead the way as rally endures and drags equity with it
3 years ago
The CLO secondary market continued its hard rally last week as prices rose across the whole asset class with double B rated CLO bonds leading the charge tighter -
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: dealer bid strengthens secondary CLO market across the board
3 years ago
The US CLO secondary market had over $1 billion listed in b-wics last week, the first time at this level in three weeks according to CLO-i. A further €270 million went on sale in the European CLO secondary market, as the dealer bid returned to assist in continued tightening across the capital stack -
Invesco sets new benchmark in European CLO market
4 years ago
Invesco priced Europe’s sixth new issue CLO of the year on Friday, according to market sources. Invesco Euro IV pays 93bp over Euribor on its triple As, the tightest print of any European CLO with four or more years of reinvestment -
Euro CLO round-up: smaller (and newer) issuers print deals as spreads edge wider
4 years ago
It has been a relatively busy week for the European CLO market after three new deals priced to end a 17- day silence in the primary market. The quiet spell was broken by smaller CLO issuers. -
Global 2019 YTD CLO league tables at a glance
5 years ago
Global 2019 YTD CLO league tables at a glance -
CVC prices €409.6 million new issue CLO via BNP Paribas
5 years ago
CVC Credit Partners is back in the primary CLO market today -
Investcorp prices €467.3 million CLO reset
6 years ago
Investcorp Credit Management teamed up with Morgan Stanley to reset Harvest CLO XV on Tuesday -
European CLO round-up: managers turn attention to resets and re-issues
6 years ago
The European CLO market has experienced a quiet fortnight with only three resets and one re-issue pricing over the Easter period -
London-based manager joins CLO re-issue wave with €412.2 million deal
6 years ago
The manager has become the latest to reissue a CLO after hiring Morgan Stanley to restructure its debut transaction -
Minnesota pension fund looks to commit $535 million to 'private credit'
6 years ago
Minnesota State Board of Investments has recommended investments worth $535 million to private credit, according to board documentation seen by Creditflux -
Euro CLO round-up: KKR Credit prices record-setting CLO
6 years ago
Times are good for European CLO managers (on the liability side of things at least) with CLO spreads as tight as they have been since the rebirth of the market in 2013 -
Axa IM returns to European CLO market with refi of 2015 deal
6 years ago
Axa Investment Managers priced the tightest triple A print of the year in its first transaction since 2016 -
Euro CLO round-up: spreads tighten as 2017 volumes hit €33 billion
6 years ago
There was a little bit of everything on show last week in Europe with one new issue, one reset and two refis pricing in the CLO market -
Goldman Sachs prices London CLO manager's first new deal of 2017
6 years ago
The manager has priced its first new issue CLO since December 2016, according to market sources
Want all the latest news, comment, analysis and data?