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BofA points out flaws in NAIC CLO proposal while Morgan Stanley warns of primary slowdown
1 year ago
Bank of America research has pointed out what it believes are further flaws in the National Association of Insurance Commissioners’ proposal to take CLO modelling and monitoring in-house. And Morgan Stanley research says the CLO proposals could weaken demand for CLO triple Bs in particular, hampering CLO formation -
NAIC extends comment period for CLO proposals by a week as BofA critiques plan
1 year ago
The National Association of Insurance Commissioners has confirmed to Creditflux that it has extended its comment period for its proposal to take CLO monitoring inhouse -
NAIC unit suggests going beyond ratings by taking CLO evaluations in-house
1 year ago
A unit within the National Association of Insurance Commissioners has recommended that it takes oversight of the CLO investments held by US insurers by modelling these holdings in-house -
Global CLO trading lab: Equity supply spikes as investors go long
2 years ago
CLO equity returned to the secondary market in a big way last week, after a month of very little visibility, with $118.3 million of US CLO and €44.9 million of European CLO subordinated notes on sale -
Global CLO pricing lab: let’s all point at that 108bp print while spreads leak out
2 years ago
The tsunami of CLO paper coming to market is the biggest technical factor causing spreads to widen, according to sources -
Anchorage prints 2021's third bond-flex CLO
3 years ago
Anchorage Capital Group has priced its latest bond-heavy CLO offering named Anchorage Credit Funding 13, teaming up with GreensLedge to print the $458.8 million deal -
European CLOs will perform well in 2021 but expect new deal quality drop, says Moody's
3 years ago
In a report published today, rating agency Moody's said CLOs will continue to perform due to credit enhancement levels and despite rising defaults. But CLO portfolio overlaps look set to increase -
Who’s got the moves US: oil and gas leads renaissance for US CLO managers
4 years ago
The US leveraged loan market has held steady over the last two weeks. After rising to just below 87 of par in mid-April, the S&P LSTA US Leveraged Loan index closed at 85.75 to start this week -
Senior European CLO spreads edge wider as PGIM markets reset
4 years ago
PGIM is marketing a reset of a 2014-vintage European CLO with price talk on the floating rate senior notes at 98 basis points, say market sources -
BlueMountain prices first new issue US CLO for five months
4 years ago
BlueMountain Capital Management has priced its first new issue CLO since May, according to market source -
Global CLO b-wic round-up: control stake trades as junior notes come to the fore
4 years ago
The European and US CLO secondary markets produced high volumes of junior and subordinated notes last week. Over 30% of listings were rated as equity, single B or double B. -
US CLO round-up: summer blues don’t weigh on the issuance parade
4 years ago
Summer is shining on US CLOs as $3.8 billion worth of activity entered the market last week. The flow brought four new deals (including one middle market deal), one reset and two refinancings. -
US CLO round-up: Golub orbits curve as managers double up
5 years ago
A breakthrough regarding Japanese risk retention rules ended last week on a high note for CLOs as the Japan Financial Services Agency has announed that CLOs can sit outside the remits of its securitisation regulations -
Global 2019 YTD CLO league tables at a glance
5 years ago
Global 2019 YTD CLO league tables at a glance -
Global CLO round-up: US market has a fair-way to catch up to Europe
5 years ago
As the Ryder Cup drives a wedge between the US and Europe, managers putt their hopes in CLOs. But the European market is in the lead with three deals to one as Creditflux goes to press -
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 -
Alcentra brings its second dual-compliant US CLO of 2017
6 years ago
Alcentra has priced its latest new US CLO, bringing the dual-compliant Shackleton 2017-XI CLO to market yesterday -
UBS reports €917 million loss as it rebuilds FICC businesses
14 years ago
UBS reports €917 million loss as it rebuilds FICC businesses -
Single name curves remain at record inversion, says JP Morgan
15 years ago
In its 30 January US high grade credit strategy piece, JP Morgan observes that credit default swap curves for high-grade 10 year to five year CDS remained inverted after trading flat on the week. -
Merrill Lynch estimates fallen angel downgrade volumes at $200 billion
15 years ago
As a part of its 2009 credit outlook, Merrill Lynch analysts examined sectors most vulnerable to downgrades from investment grade to high-yield.
20 results found Showing page 1 of 1
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