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Primary US CLO equity more attractive than secondary, says PineBridge
6 months ago
Primary market CLO equity offers better value to investments in the secondary market, according to a new article from PineBridge Investments -
NAIC accepts "excellent" CLO performance, but is not convinced by manager influence
7 months ago
The National Association of Insurance Commissioners has disclosed that it received eight responses to its CLO proposal with the firm summarising these responses as cautious -
PineBridge and VanEck launch investment grade CLO ETF
9 months ago
VanEck has teamed up with PineBridge Investments to launch an exchenge-traded CLO fund named VanEck CLO ETF (CLOI) -
A long time ago in a Galaxy CLO far, far away (October 2018 to be precise)...
1 year ago
PineBridge Investments has made a long-awaited return to the US CLO primary market by pricing its first new issue in over three years -
CLO managers join forces as they line up behind SFDR
1 year ago
A plethora of European CLO managers have teamed up with regulatory reporting provider FinDox to form a working group focused on Sustainable Financial Disclosure Regulation (SFDR), sources tell Creditflux. -
Variety of US CLO-eligible loans makes ramping up a joy [CLO Symposium video]
1 year ago
A buoyant US CLO market is basking in a golden summer with record issuanc. Speakers at Creditflux’s CLO Symposium earlier this month pointed out a vibrant loan market means CLO issuers are spoiled for choice -
Global CLO trading lab: Equity supply spikes as investors go long
1 year 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 -
CLO managers embed new EU sustainable disclosure language in docs after investor push
1 year ago
Bridgepoint, CSAM and Pinebridge are among managers to include language related to the EU’s Sustainable Finance Disclosure Regulation, following a push from CLO investor Lupus alpha -
PineBridge prices fourth European CLO reset of 2021
1 year ago
PineBridge Investments has taken its European CLO 2021 volumes to €1.39 billion after the London-based manager paired with JP Morgan to reset its 2015 deal, Euro Galaxy IV -
PineBridge prints $460 million refi of 2013 CLO
1 year ago
PineBridge Investments priced a $459.2 million CLO refi via Royal Bank of Canada on Wednesday -
PineBridge resets 2016 CLO for five years with triple As at 120bp
1 year ago
PineBridge Investments teamed up with Goldman Sachs on Thursday to reset its 2016 CLO named Galaxy XXII -
Fair Oaks, PineBridge and Sculptor rework €1 billion in Euro CLO resets
1 year ago
Fair Oaks Capital, PineBridge Investments and Sculptor Capital Management all took to the European CLO reset market on Wednesday, in transactions that amounted to over €1 billion -
Beneath the triple C: CLOs benefit as upgrades make for lighter triple C buckets
1 year ago
For the first time since the sell off in March last year, downgrades to triple C have come to a near-standstill -
CLO refi spree heats up with $1.84 billion in one day
2 years ago
Another $1.84 billion of CLO paper refinanced on Friday as five managers - PineBridge Investments, Credit Suisse Asset Management, Mackay Shields, Steele Creek and MJX Asset Management - took to the primary market to cut their funding costs -
Differences surface between two US CLO refis, despite similar tenors
2 years ago
CLOs from 2013 and 2017 with similar tenors priced senior note refinancings 10bp apart on Thursday, highlighting that longevity matter -
European CLO trades wide in secondary amid CLO risk retention issue
2 years ago
A European CLO manager has been caught in a rare situation owing to risk-retention compliance for its 2015-vintage Euro Galaxy IV – and CLO traders have factored this in the secondary market -
US and European control CLO positions land in secondary market
2 years ago
The first control equity positions of 2021 for the European and US CLO markets were listed in the secondary market on Thursday -
PineBridge resets 2016 Euro Galaxy V
2 years ago
PineBridge Investments has reset a 2016 CLO via Bank of America -
Managers brave covid-hit sectors to drum up returns
2 years ago
Price dislocations among companies operating in industries affected by covid-19 mean they may offer some of the best opportunities for CLO managers and CSO investors — and sources say that neglecting these sectors could hurt performance -
RBC arranges two US CLO tranche refis
2 years ago
Barings and PineBridge each priced their first US CLO transactions of 2020 after refinancing fixed rate tranches from 2018 vintage deals, according to market sources -
It’s all going to plan
2 years ago
Whether managers are relaxed because they can make up losses later, or are putting more money into their deals, panellists on the Creditflux West webinar weren’t panicking about OC breaches -
Global CLO b-wic round-up: US triple Bs edge wider but 2020 bonds trade at a premium
2 years ago
The furious rally that the secondary CLO markets have gone through over the last two weeks was brought a halt by the Federal Reserve’s reminder on Wednesday night that all is still not well with the economy -
CLO managers seek to defer and redirect equity distributions
2 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
2 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
3 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
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