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They said it: "The board announces the discovery of a website purporting to represent Volta"
2 years ago
They said it -
Axa IM prints first new CLO of 2021
2 years ago
Axa Investment Managers priced its first new CLO of 2021 on Tuesday, teaming up with Natixis to issue the deal -
Global CLO trading lab: Octagon CLO comes out top in CLO double B spike
2 years ago
Double B-rated bonds made up 40% of the European and US CLO secondary markets last week. $222 million of US CLO double B bonds were on sale and a further €105 million of European CLO double B items were listed -
CLO pipeline: Five out, five in as market digests new issuance wave
2 years ago
Five new issue US CLOs priced from last week’s pipeline, but five more have replaced them in this week's edition of our pipeline report -
Control position in strong 2018 Axa CLO on sale today
2 years ago
$29.2 million of Allegro VII, a 2018 CLO managed by Axa Investment Managers, is on sale today in an all US CLO equity b-wic at 10am EST (3pm UK time). The bond is the fifth US CLO majority equity position to be listed on a b-wic this year -
Axa IM joins group of post-reinvestment CLO refinanciers
2 years ago
Axa Investment Managers has teamed up with Goldman Sachs to refinance a CLO four months out of reinvestment -
Triple A loan tranches keep getting bigger as Axa IM resets European CLO
3 years ago
Axa Investment Managers has reset its 2015 vintage European CLO Adagio IV and has become the latest manager to feature a substantial loan tranche as part of the transaction -
Axa IM combines single As in European CLO refi
3 years ago
Deutsche Bank arranged the € 274.7 million transaction, which cuts cost of debt by 31.8 basis points -
Goldman refis 2013 and 2017 CLOs for Axa IM and Napier Park
3 years ago
Goldman Sachs flexed its CLO refinancing muscles on Tuesday, arranging very different cost-cutting deals for Axa Investment Managers and Napier Park Global -
Axa IM leads as ESG grows in European CLO industry
3 years ago
European CLOs are increasingly launching with express ESG mandates embedded as issuers seek to get ahead of what appears to be an inevitable shift towards ethical investing -
Axa IM returns to US new issue CLO market after one-year break
3 years ago
Axa Investment Managers has returned to the new issue CLO market in the US after pricing the $406.25 million Allegro CLO XII via BNP Paribas -
CLO pipeline: 15 managers make a final push
3 years ago
15 US CLO managers are in the near term pipeline with just a few days before primary markets close for the holiday season. Among these, nine are aiming to price a new deal while the rest include a reissue, a reset and four refinancings. -
Global CLO b-wic round-up: Secondary markets rally despite ‘worst liquidity seen all year’
3 years ago
An adjournment in the US for Veterans Day last week still left plenty of time for the CLO secondary market to rally, thanks to Pfizer's covid-19 vaccine breakthrough and a firmer indication of the US presidential election results -
Axa IM completes rare CLO tranche repricing
3 years ago
Axa Investment Managers has completed a rare repricing of the fixed-rate notes of its 2018 CLO Allegro VIII. BNP Paribas arranged the $10.8 million repricing -
Axa IM fund drops in July as it seeks call on non-paying 2013 CLO
3 years ago
Volta Finance, a publicly listed CLO fund managed by Axa Investment Managers, was down 1.2% in July (after its 11 cents per share dividend payment) due to US dollars depreciating against euros by 4.6% during the month, Axa said in the fund's monthly update -
US CLO single Bs reach post-crisis tights despite rating pressure
3 years ago
US CLO single Bs are trading at their tightest levels since the coronavirus pandemic outbreak and ,while these bonds make up a tiny slice of the market, more and more instances of single B b-wics are ocurring -
OC health check: all quiet on the overcollateralisation front
3 years ago
Eight US broadly syndicated loan CLOs reported overcollateralisation test breaches last week during a quiet reporting period in which only 40 CLOs published a trustee report, according to CLO-i, but focus is turning to the swathe of CLO distributions coming due. -
Beneath the triple C: downgrades hold steady as Travelport loses its luggage
3 years ago
For the second month in a row downgrades to triple C steadied, with just under $9 billion of CLO loans falling to this rating across 34 corporate borrowers -
OC health check: US CLOs show improvement as first euro CLOs breach multiple tests
3 years ago
15 deals reported a breach in an overcollateralisation test last week according to the latest reports available on CLO-i, including one European CLO and 14 US broadly syndicated loan CLOs. -
European CLO trader set to join Axa IM
3 years ago
An experienced CLO trader in London is going to be taking on his first buy-side role, sources say -
Listed CLO fund rebounds in April with 5.7% gain
3 years ago
US and European CLO equity tranches brought in gains of 10% in April for the fund, US CLO debt 12.1%, ABS 0.6% and bank balance sheet transactions 0.3% -
Listed CLO fund declares May dividend after equity avoids cashflow diversion
3 years ago
Axa Investment Management has declared an interim dividend on its listed CLO fund, Volta Finance, after cancelling its April dividend citing the uncertainty of cash flow payments -
Global CLO b-wic round-up: equity makes a return as investors search for price levels
3 years ago
Three European CLO equity bonds have traded with colour attached in the last two weeks in the secondary market -
Structured credit fund loses 32.4% in March as junior US CLO debt slumps
4 years ago
Volta Finance’s net asset value dropped 32.4% in March, according to a monthly report released yesterday. US CLO debt was the weakest performer for the structured credit fund, managed by Axa Investment Managers, losing 41.3%. -
Four managers eye breakthrough new issue European CLOs
4 years ago
The European primary CLO market is showing signs of revival with four managers eyeing deals
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