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Geography Tags
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Palmer Square includes senior/junior triple As and delayed draw double Bs in Euro CLO
1 year ago
Barclays arranged the €400.8 million deal, which features a one-year reinvestment period -
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 -
Euro CLO league tables: Barings €20 million behind PGIM in overall issuance as Jefferies extends lead
1 year ago
The European CLO manager base reaches 41 as six new issues priced for a total of €1.9 billion -
Global CLO league tables - October 2022 YTD
1 year ago
Global CLO league tables - October 2022 YTD -
CQS returns to Euro market with first new CLO since 2015
1 year ago
CQS has priced its first European CLO in seven and a half years, opting for a short reinvestment and non-call period -
Global CLO league tables - September YTD
1 year ago
Global CLO league tables - September YTD -
LP round up: $2.7bn flows to 20 credit managers as investors battle PE overallocation
1 year ago
Investors faced huge headwinds in September with inflation, rising interest rates, and geopolitical turmoil, alongside the UK gilts sell-off at month end -
Beneath the triple C: US CLOs take a dip in the triple C as Europe watches from the sun lounger
1 year ago
The US CLO market bore the brunt of downgrades to triple C in July and August, with a total of $6.22 billion of paper affected. European CLOs enjoyed a more relaxing summer holiday, with only 1 name representing €33.88 million worth of bonds downgraded to triple C. -
Euro CLO league tables: Goldman Sachs, Fidelity and Tikehau enter fray as Jefferies extends lead
1 year ago
Four European CLO managers braved the market in August to price a new issues, the same number as August 2021 -
Global CLO league tables - August 2022 YTD
1 year ago
Global CLO league tables - August YTD -
Euro CLO league tables: gear shift brings flurry of new issues before summer break
1 year ago
After a slow June, the European market picked up its pace in July with managers eager to price deals before the summer lull -
Global CLO league tables - July 2022 YTD
1 year ago
Global CLO league tables - July YTD -
Tikehau collects €3.3 billion for fifth European direct lending strategy
1 year ago
Tikehau Capital revealed in its H1 2022 results it reached a final close for its fifth European direct lending fund in July, collecting €3.3 billion for the strategy -
Russia and retail put stop to credit rally with big spread reversal
1 year ago
Russia’s move to cut gas supplies once again to Europe, as well as a Walmart profit warning in the US, are weighing heavily on markets Tuesday and sending credit spreads sharply wider -
Global CLO league tables - June 2022 YTD
1 year ago
Global CLO league tables - June YTD -
Quarterly rankings: Carlyle climbs to top of pack with CBAM boost
1 year ago
Carlyle Group has cemented itself as the largest manager globally, following its acquisition of fellow CLO manager CBAM -
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. -
Skew opens up as indices pivot following broad sell off
1 year ago
The opening of the US session on Thursday has brought a firmer tone, after European and Asian markets extended their weak run. But the reversal in index direction has left single name credits still sitting at much wider spreads -
Global CLO league tables - May 2022 YTD
2 years ago
Global CLO league tables - May YTD -
Beneath the triple C: CLOs take first knock since covid scrapes
2 years ago
CLO managers have been hit by a number of loan downgrades to triple C for the first time since the wave of pandemic-related cuts trickled to a halt in early 2021. Companies indirectly linked to the health sector suffered most in May -
You seem familiar
2 years ago
The overlap between European CLOs has risen to 51.6%, but the largest issuers are only slightly more aligned to their peers at 55.19% — so bonds are proving to be an important differentiator -
Russia oil ban accord unites markets in sell off
2 years ago
EU leaders’ compromise agreement on banning Russian oil imports by sea has presented a united front few may have thought possible only days ago. But financial markets have not reacted positively, with risk assets selling off as the euro slumps and oil hits its highest level since March -
Property giant takes a tumble as European fortunes diverge
2 years ago
Adler Group, the German real estate giant, is once again coming under intense pressure in the credit market amid reports the country’s financial watchdog has begun a criminal investigation into its dealings -
Global CLO league tables - April 2022 YTD
2 years ago
Global CLO league tables - April YTD -
German real estate co troubles mount on short-seller response and earnings no-show
2 years ago
Friday is proving a bad day to end a bad week in a bad year for Germany's Adler Group, with debt risk measures hitting new levels as short-seller Viceroy responds to the firm's recent investigation by KPMG and the market rumour mill goes up a gear
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