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CLO managers seek to defer and redirect equity distributions
3 years ago
Half of US CLOs are due to miss equity payments as downgrades and defaults resulting from the lockdown economy trigger overcollateralisation breaches across the market, according to the latest bank research estimates. But some managers are being granted the flexibility to redeploy cash -
Global CLO b-wic round-up: equity makes a return as investors search for price levels
3 years ago
Three European CLO equity bonds have traded with colour attached in the last two weeks in the secondary market -
Euro CLO league tables: new issues shatter 2018’s record but total issuance falls
4 years ago
The European CLO market continues to grow at a record shattering pace with 2019 new issuance volumes totalling €29.8 billion, an 8% increase on 2018’s previous record figure, from 53 active managers -
Euro CLO league tables: back to earth in tandem as issuance nosedives
4 years ago
August brought just €1.12 billion of issuance in the European CLO market across two refinancings and one reset, the quietest month since January when only €0.51 billion of European CLOs priced -
CLO pipeline: refis can't wait till after summer
4 years ago
The CLO market in both the US and Europe looks to be slowing down in the near future with only two deals added to the running pipeline. -
THL anchor CLO equity seeks purchase in secondary market
4 years ago
Up for auction later today is the 15th controlling stake in a US CLO this year, with nine of the previous 14 having failed to trade -
PineBridge refi shows steep term curve in European CLO market
4 years ago
PineBridge Investments has refinanced its 2016 vintage CLO named Euro Galaxy V, according to market sources -
The sky is not falling in on the CLO market, writes PineBridge
4 years ago
CLO market participants are fighting against the perception that their strategy is the detonator to another nuclear financial crises. PineBridge Investments took aim this week at naysayers predicting doom, re-emphasising arguments made last month during Creditflux's CLO Symposium in London. -
Budge up, more new managers are coming
Room for 10 more? The average loan overlap among recent European CLOs is 48.7% – so the expected influx of new managers will have to work hard to distinguish themselves from the pack4 years ago -
Capital raised for risk retention keeps struggling CLOs afloat
4 years ago
In a bid to turn struggling warehouses into CLOs, managers are prepared to take losses on funds raised for risk retention in order to issue new deals. -
Euro CLO round-up: managers make equity work with innovative structures
5 years ago
Equity arbitrage has been under pressure but managers are braving the market and getting creative with deals to make deal economics work -
114bp is Europe's syndicated triple A benchmark as Pinebridge prices new CLO
5 years ago
114 basis points has been reinforced as the benchmark for syndicated CLO triple As in Europe with Pinebridge Investments becoming the fourth manager to issue at this level -
European CLO equity in focus for secondary market with 50% trade rate
5 years ago
European CLO equity valuations ranged from the 50s to 70s, but only two our of four positions traded yesterday -
PineBridge prices $454.5 million new issue CLO with triple As at 120bp
PineBridge Investments has priced its fourth new issue CLO of the year via Barclays
5 years ago -
Goldman prices new issue US CLO for regular client
5 years ago
A west coast manager issued its eighth CLO transaction of the year, with Goldman Sachs now having completed four of those -
PineBridge prices CLO refi via Mizuho with unusual triple A debt structure
5 years ago
PineBridge Investments teamed up with Mizuho to refinance 2016 CLO, Galaxy XXII, according to market sources -
PineBridge prices CLO transaction with triple A step-up tranche
5 years ago
PineBridge Investments has reissued its 2014 vintage CLO Galaxy XVII, renaming the deal Galaxy XXVIII in the process -
PineBridge markets a $476.65 million CLO reissue
5 years ago
PineBridge Investments is marketing its sixth CLO transaction of the year, according to market sources -
PineBridge prices new issue CLO with just six months of reinvestment
5 years ago
The manager issued a new CLO on Tuesday with just six months of reinvestment capability -
PineBridge reissues 2013 US CLO via Goldman
6 years ago
The manager priced a $424.25 million CLO reissue yesterday -
PineBridge targets sub-100bp triple A print as it markets CLO reissue
6 years ago
PineBridge Investments is preparing to price its first ever CLO reissue transaction, according to market sources -
CLO manager prices $525.8 million reset via Goldman Sachs
6 years ago
The manager priced its third transaction in the CLO market of the year on Friday by resetting a 2015 deal -
Manager prices first new issue CLO in Europe since September 2016
6 years ago
The New York-headquartered manager has launched its first new issue CLO in Europe since 2016, pricing a €411 million deal via Morgan Stanley yesterday -
PineBridge resets 2015 US CLO in $378 million deal
6 years ago
The manager priced a $378 million reset of a 2015 vintage CLO yesterday -
Global asset manager poised to launch its largest ever European CLO
6 years ago
A manager is returning to the European new issue market for the first time since September 2016
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