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Euro CLO league tables: PGIM and Jefferies lead as Euribor caps come back in fashion
1 year ago
April was the quietest month of the year in the European CLO market with only €2 billion pricing across four new issues and one reset -
Global CLO league tables - April 2022 YTD
1 year ago
Global CLO league tables - April YTD -
Arb work pays off
2 years ago
With day-one arbitrage alone delivering projected CLO cash-on-cash returns of 20-25%, 2021 may have been the best year ever for equity investors — at least until CLO spreads began to widen -
Global CLO league tables - March 2022 YTD
2 years ago
Global CLO league tables - March YTD -
Euro CLO league tables: Jefferies takes huge lead as managers bunch up
2 years ago
The increased volatility and geopolitical risk brought about by Russia’s invasion of Ukraine meant European CLO issuance dropped off in March after a strong February -
Global CLO trading lab: Payments season prompts equity to surge but short-dated bonds trade low
2 years ago
Over the last two weeks, $2.8 billion of US CLOs and €640 million of European CLO paper have appeared on b-wics, with equity making up 33% and 40% of the respective markets -
Global CLO league tables - January 2022 YTD
2 years ago
Global CLO league tables - Jan YTD -
Euro CLO league tables: Upstarts Jefferies and Palmer Square fall just short of market leaders
2 years ago
ABC as easy as 1, 2, 3: Apollo leads new issuance as Barclays and CVC emerge as overall leaders, despite the efforts of newcomers Jefferies and Palmer Square. The European CLO market had a record year in 2021 as overall issuance fell just €3.2 billion short of €100 billion, more than double the previous record set in 2017 of €45.7 billion and a 325% increase on the coronavirus-impacted market in 2020 -
Global 2021 CLO league tables
2 years ago
Global 2021 CLO league tables -
Euro CLO league tables: Record new issuance month as CVC and Barclays jump back to top
2 years ago
November set yet another record for the European CLO market as managers priced €6.3 billion of new paper, the most in a month in the 2.0 era -
Global CLO league tables - Nov 2021 YTD
2 years ago
Global CLO league tables - Nov 2021 YTD -
Euro CLO league tables: Jefferies nips ahead of Barclays as overall leader
2 years ago
The European CLO market has added laurels to a record-breaking year with one of the highest issuance months for new paper. -
Global CLO league tables - Oct 2021 YTD
2 years ago
Global CLO league tables - Oct 2021 YTD -
Credit Fundraising: Private credit and CLO captive equity feature strongly as closes mount up
2 years ago
Credit funds have made a fair start to the fourth quarter, although the $21 billion raised during October is down substantially on September’s impressive record for 2021 -
Global CLO trading lab: Seasoned equity prices lag as debt spreads level out
2 years ago
The CLO secondary market took a back seat to the surging primary market in August and September with secondary US CLO volume accounting for just 3.7% and 4.2% of the total US CLO market (primary and secondary volumes). But opportunities are there in CLO equity tranches -
Euro CLO league tables: deal flurry takes Barclays and CVC to the top
2 years ago
The European CLO market machine swatted away any suggestion of a summer slowdown in August with €6.74 billion of issuance coming to market -
Global CLO league tables - Aug 2021 YTD
2 years ago
Global CLO league tables - Aug 2021 YTD -
Credit Fundraising: Blue Owl and WhiteHorse gain from improving animal spirits
2 years ago
Fundraising perked up in July as managers raised $14.9 billion for credit funds - the third highest monthly amount this year -
CLO pipeline: Birch Grove and Fort Washington dish out first 2021 deals as Carlyle goes for sevenths
2 years ago
CLO investors can feast on a range of deals in the new issue market over the next month. -
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 trading lab: quality and optionality shine as 2020 and 2019 mezz trades up
2 years ago
The primary and secondary CLO markets are moving in tandem with both markets drifting wider amid a wealth of supply -
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 -
Credit fundraising: Audax scores big in lighter month
2 years ago
Fundraising markedly dropped in May, but credit funds still amassed $12.8 billion and 10 credit funds reached final closes across a variety of different strategies -
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 -
Global CLO pricing lab: investors get over fatigue and embrace reset roll over
2 years ago
The demand for CLOs is showing no signs of slowing down after the market had experienced some fatigue at the end of the first quarter and into the second. In the last two weeks, there have been 47 CLO transactions across all forms of pricing in the three markets; led by 18 US CLO new issues
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