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Global CLO b-wic round-up: $8 billion of US CLOs listed in record-breaking March
4 years ago
Last week brought an end to the busiest month in both the US and European CLO secondary markets since at least 2014. $7.7 billion of US CLO paper was on sale in March with a further €1.8 billion of European CLO bonds available, bringing the total listed in Q1 to $13.9 billion and €3.6 billion -
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 -
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 -
Global CLO b-wic round-up: CLO triple As recover but mezz left behind
4 years ago
The CLO secondary market was a tale of two halves last week. 100% of all bonds listed in b-wics on Monday and Tuesday had no covers released (either traded or did not trade), but the end of the week was a different story for both markets -
Beneath the triple C: mighty CLO buckets from Akorns grow
4 years ago
Rating agencies went on a downgrading spree in February, with Moody’s and Standard & Poor’s cutting 20 corporate names to triple C or below – affecting $2.78 billion of paper in US CLOs and €316.6 million in European CLOs. -
Global CLO b-wic round-up: that's another fine mezz you've gotten me into
4 years ago
European CLO investors are tripping over themselves to buy mezzanine paper in the secondary CLO market -
Global CLO league tables - January 2020 YTD
4 years ago
Global CLO league tables - January 2020 YTD -
Global CLO round-up: welcome back, give us a (refi) wave
4 years ago
Tighter corporate credit spreads means new issue volumes are down, but it makes a decent entry point for new CLO managers to price deals and also makes refinancing CLOs imperative -
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 -
JP Morgan's head of European high yield trading leaves for $32 billion asset manager
4 years ago
JP Morgan's head of European high yield trading has left the firm and landed at global credit manager with a large CLO business -
Global CLO round-up: it's time to rethink benchmarks
4 years ago
The CLO market broke out of holiday mode last week by presenting strong issuance on both sides of the Atlantic - $2.8 billion in the US and €1.6 billion in Europe. High volumes have brought with them bigger shifts in market dynamics. This week put the focus on tightening spreads, as benchmark triple A levels dipped. -
GoldenTree prices new issue European CLO as continental volumes pass €2 billion
4 years ago
GoldenTree Loan Management priced its latest European CLO offering yesterday as July new issue volumes on the continent passed the €2 billion mark -
Creditflux reveals finalists for most competitive Manager Awards ever
5 years ago
To compile the shortlist for the annual Creditflux awards, we select the best performers in credit using a combination of detailed, data-driven metrics. The winners will be announced on 8 May -
CLO managers make arbitrage work by boosting leverage
5 years ago
Leverage in European CLOs is now averaging 9.6 times debt to equity versus 8.3 times in the first quarter of 2017 -
Global CLO league tables: new year, new issues
5 years ago
Momentum in the CLO market at the start of 2019 is less forceful than it was at the beginning of 2018 and 2017, on the basis of opening volumes -
GoldenTree turns into a forest with second multi-arranger Euro CLO
5 years ago
GoldenTree Loan Management has used several arrangers to issue its second new CLO in Europe this year, known as GoldenTree Loan Management EUR CLO 2 -
GoldenTree's Euro CLO business blossoms with second 2018 deal in sight
5 years ago
GoldenTree Loan Management is planning its second new issue CLO in Europe since it returned to the market earlier this year -
Serone expands structured credit team as former GoldenTree official joins
5 years ago
London-based Serone Capital Management has added to its team with the hire of a structured products specialist -
GoldenTree adds partner to its structured credit team in London
5 years ago
GoldenTree Asset Management has made a big hire to its London office with a structured credit specialist joining as partner -
GoldenTree resets European 2.0 for 4.5 years with triple As at 94.5bp
5 years ago
GoldenTree Asset Management priced a €412.65 million CLO reset today via Citi, reworking its 2016 European 2.0 transaction named Laurelin 2016-1 -
Louisiana pension fund assigns $200 million to DoubleLine and GoldenTree
5 years ago
Louisiana State Employees' Retirement System has allocated to distressed debt and mortgage credit funds run by two experienced asset managers -
GoldenTree aims for second euro CLO transaction of 2018
5 years ago
GoldenTree Asset Management has mandated Citi to reset its European CLO named Laurelin 2016-1 -
GoldenTree grows third distressed debt fund to $600 million
5 years ago
New York-based GoldenTree Asset Management has raised nearly $600 million for its third distressed debt fund – just over a quarter of its target size -
US firms to continue CLO charge in Europe despite risk retention still applying
5 years ago
Europe is expected to welcome an influx of new CLO managers this year, despite the continent being subjected to CLO risk retention -
Euro CLO round-up: five banks combine to launch GoldenTree deal
6 years ago
While GoldenTree priced a novel CLO this week, Ares's newest European CLO priced just this afternoon with an impressive headline triple A print of 68bp
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