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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 -
Global CLO b-wic round-up: triple A volumes hit nine-year highs, but equity valuations could be "single digits"
4 years ago
Over $2.5 billion of US CLO paper listed in b-wics in last week's manic trading, with a further €435 million of European CLO bonds also on sale. CLO buyers and sellers turned to the safest part of the capital structure – the triple A rated notes – and away from its most illiquid asset class, with no equity bonds listed in either market -
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 -
Credit traders' kickstand: QE and dispersion sever 'haves' from 'have nots'
4 years ago
The underperformance of European high yield credit has picked up this week, on rising concerns about dispersion in funding access -
Euro CLO round-up: debt investors own the floor as tempo picks up
4 years ago
It was one of those rare weeks in Europe when volumes surpassed the much larger US CLO market and, to cap it all off, spreads made a big jump tighter. -
Loan trading round-up: CLO managers fall out of love with First Data
5 years ago
An analysis of loan trading among CLO managers in February shows that First Data is falling down the pecking order with managers selling $182 million of the company's loans -
Euro CLO b-wic round-up: mezz is where the money is
5 years ago
This year, there has been one constant: junior mezzanine tranches have accounted for most listings on the secondary market -
List of debut managers in Europe grows as Invesco crosses the ocean
5 years ago
Invesco has added its name to the list of US CLO managers crossing the Altantic after launching its first 2.0 deal in the European market -
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. -
Five Arrows shoots its way into 2018 US CLO market
5 years ago
Five Arrows Managers has priced its first US CLO transaction of the year, resetting its 2014 deal Ocean Trails CLO V -
US CLO league tables: CSAM aces it to take top spot in new issue reshuffle
5 years ago
Carlyle Group now leads the CLO market on two fronts with the firm moving into top spot in the 2018 US CLO rankings, adding to its position as a market leader in Europe -
BlackRock's AUM increases 22% in a year as ETFs contribute to growth
6 years ago
BlackRock’s assets under management have surpassed $6.2 trillion following “a record year” for the firm in 2017, company officials said in a recent earnings call -
Direct lending leverage takes off
6 years ago
HPS, NXT and Crescent target mid market with leverage in Q4. By Grace Jennings-Edquist -
Pension-backed manager launches debut credit fund at €855 million
6 years ago
A London-based boutique has raised €855 million for a credit fund, Creditflux has learned -
Apollo surpasses $4 billion in 2016 issuance with latest reset
7 years ago
Apollo Global Management has priced its second CLO reset in the space of a month, and fourth of the year -
ICG prices 122a-compliant US CLO in $406 million deal
7 years ago
Intermediate Capital Group has priced its first US CLO of the year, in a $406 million risk retention-compliant deal -
European CLOs show signs of tightening as PGIM prices €413 million deal
8 years ago
PGIM – formerly known as Pramerica – recently priced its first European CLO of the year, according to market sources -
JP Morgan markets €413 million CLO for large global manager
8 years ago
JP Morgan has begun marketing a new European CLO for a regular global issuer, according to market sources -
American Capital revives CLO single Bs as it prices static deal
8 years ago
American Capital has launched a new static CLO, according to market sources -
Investors pile into mezzanine Crossover tranches amid dispersion spike
9 years ago
After a slow start following their launch in October, tranches on the iTraxx Crossover series 22 index have attracted increased investor attention in recent weeks amid a rise in dispersion -
Options traders expect uptick in volumes and volatility
9 years ago
Options activity has fallen away in recent months as low volatility dissuaded investors from hedging -
Large asset manager prepares to convert TRS into $1.8 billion of CLOs
10 years ago
One of the largest CLO managers in the business looks like adding significantly to its AUM figure with two giant sized CLOs -
BofA sets its sights on pricing largest broadly syndicated CLO of 2012
11 years ago
CLO investors are awaiting a landmark deal as Bank of America aims to price a $770 million CLO -
RBS prices the year’s largest broadly syndicated CLO
11 years ago
RBS priced the largest CLO of broadly syndicated loans this year on Friday, bringing to market an upsized deal for a New York-based manager -
Investors hammer in immense bids for GoldenTree CLO equity
11 years ago
A GoldenTree CLO is the latest to see its equity tranche bid up to dizzying levels in the secondary market
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