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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 -
Global CLO league tables - January 2022 YTD
2 years ago
Global CLO league tables - Jan YTD -
CLO 2022 Outlook: 2021 is hard act to follow, but CLO buyers have positives aplenty
2 years ago
New CLO issuance in 2022 will remain elevated but below 2021’s record numbers, banks agree. But there is no consensus among strategy desks on the volume of repricings to come, partly due to the unknown impact of the Sofr transition. -
Global CLO trading lab: Seasoned equity prices lag as debt spreads level out
2 years ago
The CLO secondary market took a back seat to the surging primary market in August and September with secondary US CLO volume accounting for just 3.7% and 4.2% of the total US CLO market (primary and secondary volumes). But opportunities are there in CLO equity tranches -
Global CLO league tables - April 2021 YTD
3 years ago
Global CLO league tables - April 2021 YTD -
Global CLO trading lab: secondary volumes inflate and easily get absorbed
3 years ago
Weekly secondary CLO volume has been lower across the capital structure in recent weeks as 2021’s refinancing wave left investors with plenty of choice -
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 -
Global CLO b-wic round-up: CLO mezz tranches widen amid macro concerns
3 years ago
Last week was busy for the primary European CLO market but not for secondary, with €1.35 billion of new issue European CLOs priced across four transactions but just €190 million of European CLO paper listed in b-wics -
Global CLO b-wic round-up: Palmer Square sets highest cover as double B curve inverts
4 years ago
Palmer Square and MJX set the CLO secondary market trading range, but pickings in Europe were the slimmest they have been in almost five months -
Global CLO b-wic round-up: spreads widen in short week to end manic June
4 years ago
A shortened week brought an end to a manic month of secondary CLO activity. $343.5 million of US CLO and €309 million of European CLO paper was on sale last week, dropping $1.05 billion and €170 million from the previous week -
Global CLO b-wic round-up: secondary prices reach March levels
4 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 -
US and European CLO triple Bs hit secondary market as downgrade fear sets in
4 years ago
Downgrade risk is being priced into triple B-rated CLO tranches, according to market sources, after a wave of mezzanine and junior CLO debt tranches swept onto b-wics yesterday -
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: 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 b-wic round-up: secondary flows drop to $599 million in the US
5 years ago
Secondary CLO trading took a back-seat last week, with European market participants away Monday and the US focused on 10 primary market pricings -
Global b-wic round-up: focus shifts to the wings of the capital structure
5 years ago
The secondary US CLO market looks to be rebounding after a slow end to the first quarter of 2019 with first-loss and first-pays drumming up attention -
Global CLO round-up: buttermilk-shakes things up as CLO spreads go everywhere
6 years ago
Ahead of the US Labor Day weekend, CLO issuers have been grafting away with $6.5 billion pricing across the US market through 11 deals -
CLO round-up: reset triple As price apart on divergent portfolios
6 years ago
CLO spreads have been volatile of late with seemingly no consistency in triple A CLO prints from deal to deal. In a reset-heavy week, BlackRock and Marathon Asset Management were positioned at opposite ends of the spectrum -
CLO b-wic line-up: over $300 million of senior CLO paper goes on the block
6 years ago
Senior notes dominate the secondary market today as $306.5 million worth of triple A notes are up for grabs -
CLO b-wic line-up: $42 million of double B CLOs go up for sale
6 years ago
$41.9 million of double B notes are up for grabs today via b-wics. Out of these 16 line items, GSO Capital Partners’ Seneca Park is a noteworthy deal with the CLO being just two months away from the end of its reinvestment period -
CLO b-wic line-up: soon to be static Euro triple As go up for sale
6 years ago
Fresh off the UK bank holiday yesterday, there is one CLO aution scheduled today for CLO investors interested in European triple A-rated tranches -
Large US CLO manager prices its first refi of 2017 via Credit Suisse
6 years ago
A US manager that typically favours resets over refis has achieved a 68bp cut in CLO triple A financing as part of a refi -
CLO round-up: refis and resets dominate as pipeline builds
7 years ago
CLO volumes this week have hit $1.9 billion globally, but this has been centred on refis and resets. The new issue CLO pipeline is building however with Ares, Canyon and LCM close to new US CLOs
23 results found Showing page 1 of 1
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