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European CLO rollover rate slumps amid refi/reset surge
3 years ago
European CLO investors' rolling rate into refinancings and resets has dropped since the start of the year, with the huge pipeline, a flight to quality and caution about widening spreads all playing a part -
Former MKP CLO tranche investor lands at big US credit manager
3 years ago
A well-known CLO investor who previously worked at MKP and Goldman Sachs has landed at a firm that issues and invests in CLOs -
Euro CLO mezz spreads leak wider but seniors hold firm as ICG resets
3 years ago
European CLO mezzanine reset spreads have widened out slightly this week, highlighted by Intermediate Capital Group’s reset of St Pauls CLO VI via JP Morgan -
AIG offers single B notes in largest CLO to date
3 years ago
AIG Asset Management issued its largets CLO to date on Thursday. Named AIG CLO 2021-1, the transaction came in at a par value of $515.3 million -
Blackstone scores one of tightest ever 2.0 US CLO funding costs
3 years ago
Blackstone Credit has priced one of the tightest 2.0 CLOs ever with funding costs of just 141.61 basis points -
Apex shaves 47bp from triple A in 2017 CLO refi
3 years ago
Apex Credit Partners, the credit manager owned by Jefferies, refinanced three tranches of its 2017 CLO named Apex 2017-1, saving itself 47 basis points on its triple A notes in the process -
PGIM refis 2018 CLO with triple and double Bs wider
3 years ago
PGIM has saved 12.34 basis points after refinancing its 2018 CLO named Dryden 61. Unusually for a refi, the triple and double B notes were wider than in their original issue form -
NatWest Markets prepares for CLO arranging comeback
3 years ago
NatWest Markets is planning its return as an arranger of European CLOs, officials tell Creditflux -
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 -
Allstate produces curve-flattening, benchmark-setting CLO as five-year triple As hit 99bp
3 years ago
CLO re-tiering is gathering pace with Allstate Investment Management Company moving into the top bracket of CLO issuers, judging by the firm’s new five-year US CLO which priced Thursday -
CLO single B tranche buyers emerge from above and below
3 years ago
CLO single B tranche buyers emerge from above and below -
Differences emerge in shape of new CLO bond buckets
3 years ago
The future of bonds in CLO portfolios is beginning to take shape after amendments to the Volcker rule came into effect in October last year -
European CLO and loan spreads jostle in tight race
3 years ago
New issue CLO spreads have tightened so sharply in Europe that market participants are questioning how long the process can continue. -
European desk staffing could limit CLO repricings
3 years ago
.The sheer volume of European CLO resets and refinancings has left market participants questioning the market’s ability to handle the business -
European CLO leverage hits double-figures
3 years ago
European CLO leverage has increased this year, from an average of 9.4 debt-to-equity in 2020 to 10.3 times in 2021, according to Creditflux data. -
CLOs at a glance (March 2021)
3 years ago
A listing of CLOs that have priced in the last month -
Nomura to grow new issue CLOs after warehouse boost
3 years ago
Nomura is emerging as a force in US CLO arranging with sources indicating it has secured multiple big mandates — including a new CLO for Credit Suisse Asset Management -
Neuberger Berman joins tightest CLO resetters with triple As at 104bp
3 years ago
Neuberger Berman has reset its 2017 vintage CLO named Neuberger Berman CLO XVI-S, with the triple A notes printing at just 104 basis points over Libor -
Five Arrows cuts 2019 CLO's debt burden by 34.4bp
3 years ago
Five Arrows Managers has refinanced its 2019 vintage CLO named Ocean Trails VII and lowered its funding costs by 34.4 basis points in the process -
CLO pipeline: US adds deals at frenetic pace as Europe catches breath after record start
3 years ago
US CLO investors have numerous deals to consider with 13 new issues and 15 repricings being prepared to flood the market in the coming days -
Most experienced CLO trading head in the business leaves Wells Fargo
3 years ago
The longest-serving CLO trading head in the business, who is said to have registered a profit in each of his 20 years trading, has parted ways with Wells Fargo in the last few days -
Antares reclaims largest 2.0 CLO moniker at new market tights
3 years ago
Antares Capital reclaimed its title as the manager of the largest 2.0 CLO on Tuesday by upsizing its debut deal to a huge $2.29 billion as part of a reset -
ICG upsize makes US CLO its largest ever
3 years ago
ICG has issued its latest CLO offering, affording the deal an upsize before pricing that makes it the firm's largest ever in the US -
Octagon cuts 2012 CLO's funding costs by 22.89bp in refi
3 years ago
Octagon Investment Partners has shaved 22.9 basis points off the funding costs of its oldest active CLO in a $612.7 million refinancing transaction arranged by Credit Suisse -
Par-Four reaches beyond strategic partners with new CLO via JP Morgan
3 years ago
Par-Four Investment Management has teamed up with JP Morgan to print its latest CLO named Tralee VII
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