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European CLO primary spreads still have a long way to go
4 months ago
Are European CLO spreads in the primary market cheap or expensive? Our latest research shows that while US managers can celebrate AAAs reaching the 150s, in Europe spreads still have a long way to go to reach historical norms. -
European credit returns to peak covid levels with UK getting pounded
1 year ago
What looks set to be another challenging week for financial markets has opened as bearishly as last week ended, with credit spreads in Asia and Europe once again surging to new wides -
Global CLO league tables - February 2022 YTD
2 years ago
Global CLO league tables - Feb YTD -
Post-CPI relief rally gives way to bears as reality bites
2 years ago
A bearish tone has returned to financial markets in the latter part of the week, despite investors seemingly taking in stride the highest US inflation growth numbers for almost 40 years -
Global CLO pricing lab: let’s all point at that 108bp print while spreads leak out
3 years ago
The tsunami of CLO paper coming to market is the biggest technical factor causing spreads to widen, according to sources -
Global CLO pricing lab: investors get over fatigue and embrace reset roll over
3 years ago
The demand for CLOs is showing no signs of slowing down after the market had experienced some fatigue at the end of the first quarter and into the second. In the last two weeks, there have been 47 CLO transactions across all forms of pricing in the three markets; led by 18 US CLO new issues -
2020 wrap: CLO funds bloom despite rocky ground
3 years ago
2020 was a busy year for CLO fundraising, with Creditflux recording at least 30 funds that launched over the 12 months to invest across the CLO capital structure -
Global CLO b-wic round-up: dealers get involved amid rally, but dispersion persists
3 years ago
The CLO secondary markets returned to form last week with $716.2 million of US CLO bonds and a further €306.5 million of European CLO paper listed. Although for both markets over half of the total volume listed came from Thursday’s scheduled b-wics -
Global CLO b-wic round-up: US CLO triple As finally rally while European investors go ‘all in’
3 years ago
A huge supply of $731 million of US CLO triple A bonds pushed US CLO secondary volumes to just shy of $1.5 billion last week -
Global CLO league tables - May 2020 YTD
4 years ago
Global CLO league tables - May 2020 YTD -
Global CLO league tables - April 2020 YTD
4 years ago
Global CLO league tables - April 2020 YTD -
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: CLO triple As recover but mezz left behind
4 years ago
The CLO secondary market was a tale of two halves last week. 100% of all bonds listed in b-wics on Monday and Tuesday had no covers released (either traded or did not trade), but the end of the week was a different story for both markets -
Credit traders' kickstand: this is not a drill
4 years ago
Freefall in financial markets has brought one of the credit market’s most volatile sessions on record, as coronavirus cases globally near 100,000 and the WHO has warned governments are not doing nearly enough. iTraxx Crossover one-day volatility is up with the 2008 global financial crisis and 2011 European sovereign crisis -
Global 2018 CLO league tables at a glance
5 years ago
A snapshot of the overall league tables as of 31 December 2018 -
Global CLO round-up: there's something for everyone as CLOs put on a good spread
5 years ago
This week, equity investors have something to be thankful for with triple A CLO spreads showing signs of tightening -
Global CLO round-up: what goes around comes around
5 years ago
It is no news that spreads are reverting back to the elevated levels of last year and, with each new deal pushing the market wider, the rolling three-month term curve in the US has been forced to stretch and move left, right and centre. -
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 -
US power generators: Falling prices spark bankruptcies
6 years ago
As renewables and gas undercut traditional power generators, bond holders are preparing for price shocks. By Euan Hagger -
Accunia prices its second CLO in €386.6 million transaction
6 years ago
Accunia European CLO II priced yesterday in a deal arranged by Deutsche Bank -
CLO round-up: it's a good time to be a debut manager
6 years ago
New managers are taking advantage of welcoming debt investors by speedily raising CLOs. Our analysis shows that 2017 is the perhaps the best time to price a debut CLO since 2013 -
CLO round-up: ICG switches risk retention method as Apollo CMV nears debut
6 years ago
ICG completed a total revamp of a European CLO this week (vertical to horizontal risk retention, and sponsor to originator); BlueMountain set a record for tightest US 2.0 CLO print and Apollo is marketing its first risk retention-compliant US CLO -
CLO round-up: triple-A investors answer the call as spreads hit 118bp
6 years ago
Hold the phone, CLO triple-A spreads are as tight as 118bp. That's if you're lucky enough to be on the approved list of a major Japanese bank -
CLO round-up: US CLO triple As hit 121bp amid late flurry of deals
6 years ago
What had started off as a quiet week in the new issue CLO market has ended with a bang as MJX Asset Management refinanced a deal on Thursday while American Money Management (reset) and CVC Credit Partners (new US CLO) have priced today
25 results found Showing page 1 of 1
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