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Citi makes $100 million-plus gains on CLO triple A trade
4 years ago
Citi bought $2 billion of CLO triple As from PGIM last month and made more than $100 million in profit after selling the bonds when triple A prices recovered, according to Bloomberg -
We’ve survived before, we can do so again
$7.8 billion of CLO collateral, split evenly between the US and Europe, is in the loans that have fallen fastest in the past month. But short term CLO pain will bring opportunities for building par4 years ago -
CLOs at a glance: CLO primary market grinds to a halt
4 years ago
A round-up of CLO performance -
PGIM revives CLO plan with switch to static transaction
4 years ago
The CLO market has been on hold for three weeks due to coronavirus-induced volatility, but experienced CLO managers are attempting to revive the primary pipeline via a static format -
European CLO triple Bs go from 99 to 73 in less than a month
4 years ago
European CLO mezzanine prices have fallen by almost 30 cents in less than a month, with a b-wic yesterday featuring a 2019 PGIM-managed CLO underlining the dramatic decline -
We’ve survived before, we can do so again
4 years ago
$7.8 billion of CLO collateral, split evenly between the US and Europe, is in the loans that have fallen fastest in the past month. But short term CLO pain will bring opportunities for building par -
PGIM lines up for print and sprint CLO
4 years ago
PGIM is looking to capitalise on market volatility by issuing a 'print and sprint' style CLO via Jefferies -
PGIM brings first European CLO to brave coronavirus sell-off
4 years ago
PGIM has priced the first European CLO following the market selloff triggered by the coronavirus outbreak, according to market sources -
"We can have a positive impact by bringing diverse thinking to our business"
4 years ago
Edwin Wilches of PGIM takes our credit quiz -
Past returns: Seven-year wait for equity payment
4 years ago
Five years ago we reported that equity investors in three legacy PGIM CLOs received a total of €1.1 million in distributions — seven years late. -
PGIM revises price talk as European CLO spreads jump wider
4 years ago
Price talk has been hiked up for PGIM’s forthcoming European CLO, Dryden 74 Euro CLO 2018 following coronavirus-related market volatility -
Back from the dead: CLO risk retention resurfaces in the US
4 years ago
Risk retention is making an unexpected comeback in the US CLO market as more managers look to structure their deals to comply with European risk retention regulations -
Minnesota pension slates $600 million to four credit funds
4 years ago
Minnesota State Board of Investments has earmarked $600 million to four credit funds -
Kayne Anderson prices US CLO in line with experienced issuer as triple As tighten
4 years ago
Kayne Anderson underlined its position as one of the leading CLO issuers among the new generation of CLO managers, pricing a US CLO on the same day as PGIM -
VIP Cinema makes uncomfortable viewing for CLOs as it's reeled into Chapter 11
4 years ago
CLOs hold $52.9 million of debt in seatmaker VIP Cinema Holdings, which has filed for Chapter 11 bankruptcy protection in the District of Delaware -
Price talk for PGIM European CLO suggests triple A-spread tightening
4 years ago
Triple A spreads could be about to tighten in Europe’s CLO market as PGIM markets its latest new issue deal, Dryden 74 Senior Loan Fund, with price talk in the range of 92-95 basis points over Euribor -
CLO pipeline: make some noise for repricings
4 years ago
CLOs may be a bit late to the spread-tightening party, but a hoard of CLO repricings is aiming to make up for it by sheer volume -
PGIM invests $13 billion in mid market companies in 2019
4 years ago
PGIM Private Capital provided $13 billion in senior and junior capital to 228 middle-market companies globally in 2019, according to a company press release -
CSAM sees sun after nine years in shade
Credit Suisse Asset Management has become the leading CLO manager by assets under management globally after finally topping perennial leader GSO Capital Partners. However, CSAM's lead is the size of just one CLO4 years ago -
PGIM refinances 2016 vintage CLO acquired from Columbia
4 years ago
PGIM has refinanced a 2016 vintage CLO it bought portfolio management rights for in 2018, according to market sources -
CLO giant casts eye on CSOs with plans to hire credit derivatives trader
4 years ago
An asset manager with almost $40 billion in CLO investments is looking to hire a credit derivatives trader in Newark in a role which would include coverage of index tranches and CSOs -
CLO pipeline: a refi of nine cuts time (and margins)
4 years ago
Nine US CLO managers are preparing to refinance one of their CLOs to lower financing costs -
Global CLO b-wic round-up: equity, equity everywhere, but trading volumes sink
4 years ago
For the second week in a row, over $230 million of US CLO equity went on sale and multiple control equity positions were listed in the CLO secondary 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 -
Two CLO control equity pieces go on sale one day before major dates
4 years ago
A pair of control equity positions are up for sale today as investors test the waters in the secondary market
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