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Global CLO league tables - March 2022 YTD
2 years ago
Global CLO league tables - March YTD -
CVC places liabilities tight of market with first new US CLO of 2022
2 years ago
CVC Credit Partners priced its first US CLO of the year on Friday, with the deal's triple A notes printing 3.73 basis points tight of the 10-day rolling average -
Blackstone and MS Eaton Vance new CLOs achieve market-beating triple As
2 years ago
Blackstone Credit and Morgan Stanley Eaton Vance each priced a new CLO on Friday with triple A spreads around 132 basis points - among the tightest first-pay prints of recent weeks -
Blackstone passes $5 billion in US CLOs this year with 10th new issue
2 years ago
Blackstone Credit teamed up with BNP Paribas on Friday to print its 10th US CLO of 2021, becoming the second manager in history to pass $5 billion annual issuance -
Global CLO trading lab: bank sells $834 million triple As in quarterly reallocation as hedge fund trades CLO equity
2 years ago
Thursday’s secondary CLO market was the busiest of 2021, with over $1 billion of US CLOs on offer. This featured an enormous b-wic worth $834.3 million, where sources have told Creditflux of the bank behind the aucton. While a large credit hedge fund is said to have sold out of control CLO equity -
Carlyle breaks records with 10th US CLO of 2021
2 years ago
Carlyle Group has become the first CLO manager to price 10 US new issues in the space of a year -
114bp is triple A spread to beat as CIFC prints sixth new US CLO of 2021
2 years ago
CIFC Asset Management placed its sixth new US CLO of the year on Wednesday with the triple A notes coming in at 114 basis points over Libor, a full 4.25bp tight of the 10-day rolling average -
Blackstone prints eighth CLO of 2021 and scores tightest funding costs since May
2 years ago
Blackstone Credit paired with Nomura on Thursday to issue its eighth new US CLO of the year, scoring the tightest funding costs since May in the process -
Nomura gets to work on biggest CLO mandate to date with Blackstone new issue
2 years ago
Blackstone Credit is working on its eighth new US CLO of the year with the world’s largest CLO manager assigning arranging duties to Nomura -
Carlyle shoots to top of issuance leaderboard with huge seventh US CLO
2 years ago
Carlyle Group is the CLO manager with the highest US issuance volume so far this year after becoming the first firm to print seven new CLOs -
NYL returns to CLOs with $511 million first-time pairing via Credit Suisse
2 years ago
New York Life Investment Management priced its first new issue CLO in seven months on Thursday -
Gulf Stream takes CLOs under management to almost $2 billion
3 years ago
Gulf Stream Asset Management has issued its fourth CLO since reentering the market in 2020, bringing its total deals under management up to $1.9 billion -
Bain and Citi print first new issue US CLO as partnership since 2018
3 years ago
Bain Capital Credit priced its third new CLO of the year on Wednesday, teaming up with Citi for the first time on a new issue deal since 2018 -
AGL 2021 new issue CLO volume tops $1 billion after second deal
3 years ago
AGL Credit Management priced its second CLO of the year on Tuesday, raising its 2021 new issue volume to $1.01 billion in the process -
Global CLO league tables - February 2021 YTD
3 years ago
Global CLO league tables - February 2021 YTD -
Benefit Street scores first sub-90bp triple A CLO refi since June 2018
3 years ago
Benefit Street Partners has refinanced tranches from its oldest active CLO from 2013, Benefit Street Partners CLO II, placing its triple A notes at just 87 basis points over Libor -
CLO investor draws up solution to phase out ‘TriMark loopholes' but concept divides market
3 years ago
TriMark’s latest transaction has sparked widespread debate among the CLO community, with the borrower having joined Serta Simmons and BoardRiders earlier this year to aggressively amend its credit agreements. One CLO investor says it is working on industry-wide solutions to address the issue including adding concentration limits to CLO documentation -
Credit rally rolls on as indices approach one-month tights
3 years ago
CDS indices are approaching their mid-October tights as reality seeps in of a divided US government and, consequently, little chance of dramatic corporate tax increases. Yesterday, iTraxx Main led the way, tightening 5.3%, followed by CDX NA HY and CDX IG (both 4.5%) and iTraxx Crossover (2.8%) -
Neuberger Berman prints third largest and second tightest post-covid CLO
3 years ago
Neuberger Berman has priced its third new issue CLO of 2020, according to market sources -
Jump-to-default risk collapses after Senate backs biggest ever US relief package
4 years ago
The US Senate's agreement of a record $2 trillion stimulus package is shaking jump-to-default risk from high yield corporate credit today, with some iTraxx Crossover constituents shedding over 1,000bp from the front end of their CDS curves -
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. -
CLO market celebrates Valentine's Day by romancing with resets
4 years ago
Refinancings have been the talk of the month in the CLO market, but this Valentines day saw managers turn their minds to resets -
European financials outperform corporates as coronavirus spreads
4 years ago
Financial CDS is outperforming corporate credit today, and Europe outperforming the US, as the market jumps wider on rising alarm at the spread of China’s novel coronavirus -
US loan trading: CLO managers flee Acosta but gorge on Buckeye
4 years ago
Loan holdings in October gave CLO managers a taste of the good, the bad and the ugly: they feasted on Buckeye, fled Acosta, and could not get rid of Deluxe -
HPS scores tightest print on Friday as CLO volumes soar
4 years ago
HPS Investment Partners stood out from the pack on Friday with some of the tightest debt execution on a day in which a huge $2.89 billion CLO paper was brought to market in the US
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