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Palmer Square prints first reinvesting European CLO
3 years ago
Palmer Square Capital Management has printed its first ever reinvesting European CLO, following the issuance of two static CLOs since it debuted in the continent in August -
PGIM resets Dryden 44 and switches from six-month to three-month Euribor
3 years ago
JP Morgan has arranged the reset of PGIM's 2016 vintage Dryden 44, switching paying liabilities from semi-annual basis to quarterly -
JP Morgan prices CLO refis for Fidelity and Sound Point
3 years ago
JP Morgan has priced CLO refinancing deals for Fidelity Investments and Sound Point Capital Management. The two deals total $872 million in volume -
Anchorage resets CLO it bought from Garrison in 2020
3 years ago
Anchorage Capital Group has reset a CLO it bought the management rights to from Garrison Capital, which decided last year to exit the CLO management industry -
US banks embrace CLOs again to drive spread compression
3 years ago
The three big US bank-buyers of senior CLO tranches — Citi, JP Morgan and Wells Fargo — all returned to the mar-ket as investors in January after sitting out for much of 2020 -
Park Avenue prices 2021's fifth US CLO reset
3 years ago
Park Avenue Institutional Advisers has priced the US CLO market's fifth reset of 2021 giving its 2017 CLO a full five-year reinvestment period -
Elmwood breaks own record with largest new issue CLO in almost two years
3 years ago
Elmwood Asset Management has teamed up with JP Morgan to print the largest US CLO since April 2019. The deal, named Elmwood CLO VIII, priced at $913.5 million -
AMMC and Marathon refinance CLOs due to leave reinvestment in April
3 years ago
Another $800 million of CLO refi paper has been absorbed by the market after American Money Management Corporation and Marathon Asset Management cut financing costs for CLOs set to leave reinvestment in April -
BlueMountain Fuji refis European CLO with triple As at 65bp
3 years ago
The Assured Guaranty subsidiary has refinanced four tranches of BlueMountain Fuji Euro CLO II via JP Morgan -
Buy CLO equity to capitalise on reflation, says JP Morgan
3 years ago
CLO equity stands out in a tightly priced market as offering up to double digit yields, say JP Morgan structured credit strategists, who posit it as their top trade -
AMMC, Marble Point and Partners Group each price US CLO refis
3 years ago
Three CLO managers have priced CLO refinancing transactions, with the three deals combining to a total of $1.03 billion. It brings the total volume of US refi paper in 2021 to $4.94 billion since the new year - just $180.9 million short of total post-covid refis in 2020 -
CSAM prices benchmark three-year CLO in largest deal for almost two years
3 years ago
Credit Suisse Asset Management has priced the largest US new issue in almost two years, with the Madison Park Funding XLVIII CLO coming on Friday at roughly $850 million -
Refis, resets and reissues back in vogue as four US CLO managers print deals
3 years ago
Various shades of CLO refinancings dominate the US CLO primary market with four deals - two refis, a reset and a reissue - printing on Wednesday for a total volume of $1.1 billion. This surpassed all US CLO refinancings in the six months from March to September last year -
US CLO league tables: AGL and JP Morgan topple leaders in new issuance, but Apollo and Citi maintain overall dominance
3 years ago
Only 13 months after setting up shop, AGL Credit Management vaulted itself to the top of the US CLO new issue league tables in 2020 -
Global 2020 CLO league tables
3 years ago
Global 2020 CLO league tables -
FS Investment scored late entry in 2020 with debut BSL CLO
3 years ago
The world welcomed a new CLO manager in the final days of 2020 as FS Investments teamed up with JP Morgan to bring its first solo transaction to market -
CLO issuers flex their bond muscles
3 years ago
Some panellists at Creditflux’s US CLO Investor Summit pointed to structural difficulties, but the consensus was that flexibility — particularly the ability to buy bonds — could improve performance -
US CLO league tables: new issue rankings go to wire as post-pricing upsizes pop up
3 years ago
The new issue US CLO rankings are tightly contested with JP Morgan leading Citi by just $641 million with one month left of the year. Even in December's typically slower weeks this is a closeable gap -
Global CLO league tables - November 2020 YTD
3 years ago
Global CLO league tables - November 2020 YTD -
LCH starts clearing US credit index options
3 years ago
LCH, the central clearing house of the London Stock Exchange Group, has expanded its CDSClear service to clear US credit index options -
PGIM reunites with JP Morgan for first US new CLO partnership in six years
3 years ago
PGIM has reunited with JP Morgan for the pair's first new issue US CLO in partnership in almost six years -
CLO pipeline: LCM switches arranger to complete deal and join issuance surge
3 years ago
Over $3.5 billion of global CLO issuance priced last week and managers in all three CLO markets are taking advantage of tightening spreads across the capital structure after three major covid-19 vaccine breakthroughs and increased confidence since the US presidential election -
Correction: JP Morgan shifts bulk of CLO portfolio to held to maturity
3 years ago
JP Morgan has shifted two thirds of its CLO portfolio to the 'held to maturity' part of its balance sheet, posting $31.15 billion worth of CLO holdings on 30 September of which $20.95 billion were held to maturity -
Loan market delivers best one-day returns since April due to US election and vaccine
3 years ago
The S&P/LSTA Leveraged Loan Index recorded its best single day returns since April on Monday as investors celebrated in a string of positive developments that sent markets into overdrive -
US CLO league tables: JP Morgan nips ahead of Citi as debutants pour in
3 years ago
JP Morgan has surged to the top of new issuance rankings following a busy September and October in which the bank was lead arranger for 10 new CLOs totalling $3.9 billion
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