- Direct lending (4)
- Emerging markets (3)
- High yield bonds (26)
- Investment grade credit (4)
- Structured credit (10)
- CLO (150)
- Distressed debt (3)
- Credit derivatives (13)
- Leveraged loans (22)
Pretium returns with first CLO of the year amid personnel changes8 days ago
Pretium Credit Management yesterday returned to the CLO primary market with its first transaction of 2019
Buy iTraxx Europe equity tranche risk but sell Crossover mezz, says JP Morgan8 days ago
Investors should stick with ‘search for yield’ ideas in investment grade credit, say JP Morgan credit strategists, including selling iTraxx Europe 0-3% equity tranches delta hedged, going long the 10-year Europe index, and selling credit volatility through index options while buying equity market volatility
US CLO league tables: JP Morgan narrows gap to Citi in new issues to $50 million15 days ago
July saw $14.9 billion of issuance in the US CLO space with $9.4 billion of that in new issue CLOs. One of the transactions brought to the market was Whitebox Capital Management’s debut CLO, Whitebox I.
Nochu's CLO holdings up 8% in Q2 while JP Morgan buys even faster15 days ago
Norinchukin Bank’s CLO portfolio grew another 8% in the second quarter to JPY 8 trillion ($74.12 billion) by 30 June, according to the bank’s latest quarterly report which was released today
Zais prices new CLO with record five classes of fixed-rate debt22 days ago
Zais Group has priced a new issue CLO via JP Morgan that issues five classes of debt paying fixed rates of interest
Index tranches and Sub Fin basket among top picks after ECB meeting, says JP Morgan23 days ago
The European Central Bank’s statement that rate cuts will likely be paired with tiered deposit rates suggests a boost for the iTraxx Sub Financials index, as well as tier two and additional tier one bank bonds, says JP Morgan in latest credit research. The bank also advocates selling iTraxx Europe 0-3% tranches delta hedged
Whitebox debuts with $401 million CLO26 days ago
Whitebox Advisors yesterday became the seventh debut US CLO manager of 2019, according to market sources
ResponsAbility closes impact securitisation at $175 million1 month ago
ResponsAbility, a Zurich-headquartered impact assessment manager, has closed a $175 million securitisation of loans to microfinance and SME-finance providers in emerging markets
Shenkman affiliate prices first new issue CLO after 12-month hiatus1 month ago
Romark Credit Advisors, the Shenkman Capital Management affiliate formed for risk retention compliance, has priced the third CLO under its own moniker named Romark CLO III
US CLO league tables: Octagon extends lead as many managers hit starting blocks in June1 month ago
CLO volumes recovered slightly in the second quarter, with $43.31 billion of primary activity – a 19.97% increase from the $36.1 billion produced in Q1
They said it: "I saw a CLO OM which ran 484 pages"1 month ago
At Creditflux’s Credit Dimensions event, JP Morgan’s Zaheen Mir argues that CSOs are simpler to understand than CLOs
Past returns: Blocking flexibility of CLO managers1 month ago
Ten years ago, we reported in Creditflux that JP Morgan had mounted a campaign to stop CLOs changing their trading guidelines. The bank’s treasury desk was and is among the biggest buyers of senior CLO tranches and it convinced other senior investors to block a change that would give CLO managers greater flexibility.
Fresh out the box: manager readies debut CLO via JP Morgan1 month ago
A US fund manager is launching its debut CLO - and there's not much in the way of triple A debt
CarVal and JP Morgan team up for third new CLO in just over a year1 month ago
CarVal CLO management priced its third new issue US CLO in 13 months yesterday, according to market sources.
CLO pipeline: Barclays and Goldman branch out to mid market1 month ago
The US CLO pipeline has been full in recent weeks and this continues, with 18 new issue CLOs and a further nine refinancings appearing this week.
Rockford Tower and JP Morgan team to price new CLO2 months ago
Rockford Tower Capital Management priced its second new issue US CLO this year, Rockford Tower CLO 2019-2, according to market sources
CLO issuance faces threat amid loan definition dispute2 months ago
The clash over Millennium Laboratories’ bankruptcy could have ramifications for the CLO market, and it all hinges on the philosophical question: what is a loan?
Arrival of five-year bespokes draws in CLO investors2 months ago
Synthetic bespoke tranches are undergoing a major shift, with dealers projecting five-year business to supersede previously dominant shorter tenors by the end of 2019.
US CLO league tables: Octagon and Citi lead the way3 months ago
April was the busiest month yet in the US CLO market this year with $16.42 billion in transactions, beating February by around $500 million.
Birch Grove becomes 2019's third debut manager3 months ago
Birch Grove Capital yesterday became 2019’s third debut CLO manager, according to market sources
CLO pipeline: refinancings to make a comeback3 months ago
CLO refinancings look set to continue their recent surge in the US CLO market, with another five refinancings and two resets appearing in the pipeline.
Octagon's 2019 CLO volume reaches $3.65 billion after sixth transaction3 months ago
Octagon Credit Investors last week became the first CLO manager to price its sixth transaction of 2019, with a $510.65 million reissue of its 2014 deal, Octagon Investment Partners 20
Price talk circulates for inaugural Birch Grove CLO3 months ago
Birch Grove Capital is marketing its first ever CLO, on which it is working with JP Morgan
Guardian Life subsidiary prices new issue CLO with triple As at 148bp3 months ago
Park Avenue Institutional Advisers, the asset management affiliate of insurer Guardian Life, returned to the new issue CLO market yesterday with its latest offering, PAIA CLO 2019-1
Nassau incorporates blended triple A/double A tranche in new CLO4 months ago
JP Morgan has priced Nassau Corporate Credit’s latest CLO in a five-year reinvestment deal that features a $296.9 million tranche which sits between the triple A notes and double A notes
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