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Apollo redeems ALME Loan Funding V CLO via BWIC
3 months ago
Apollo is the seller of the EUR 237m BWIC that was due on 16 January as it liquidated its ALME Loan Funding V CLO -
European ABS and CLOs rally on Fed rates forecast
3 months ago
Trading activity in European ABS and CLOs was strong on Thursday (14 December) after the Federal Reserve signalled it would cut rates in 2024 -
Palmer Square liquidates 2022 CLO through BWIC
3 months ago
Palmer Square is the seller of a mammoth EUR 350m loan and bond BWIC portfolio that was auctioned last Thursday (4 January) as it has been winding down Palmer Square European Loan Funding 2022-3 -
KopenTech adds all-to-all electronic trading for CLOs
4 months ago
KopenTech has launched a new all-to-all trading protocol for CLO securities and successfully completed its first two trades, a trading model where all market participants, whether on the sell-side or the buy-side, can anonymously trade with each other -
European ABS and CLOs rally on Fed rates forecast
4 months ago
Trading activity in European ABS and CLOs was strong on Thursday after the Federal Reserve signalled it would cut rates in 2024 -
Secondary market activity in Europe quietens on US holiday, but strong sentiment prevails
4 months ago
Secondary trading was quieter in Europe this week, especially the last two days, due to the US Thanksgiving break -
ABS rallies on better-than-expected inflation prints
5 months ago
The European ABS market has rallied over the last two days on news of rapidly falling inflation in both the US and the UK -
European structured finance market constructive on rates pause — market snapshot
5 months ago
European ABS and CLOs had a constructive week in the secondary market, reflecting better sentiment in broader credit -
European secondary activity quieter as CLO spreads widen further
5 months ago
Activity in the secondary market was quieter for a second week, especially with half-term holidays in the UK, according to market sources -
Structured finance secondary market quiets down as volatility intensifies
6 months ago
Secondary market activity in European structured finance was subdued this week, in the wake of further market volatility sparked by the Israel-Hamas war -
Hedge fund profit-taking prompts ABS sales as spreads soften in deteriorating macro conditions
6 months ago
More European ABS and CLO BWICs were on offer this week, as some hedge funds are selling their positions with a view to take early profits before the market widens further. -
ABS spreads hold up in spite of September issuance deluge, while CLOs soften
6 months ago
Trading activity in European ABS has slowed down, as the market absorbs one of the busiest months for issuance for years -
Secondary CLO prices continued to rise across June
9 months ago
US BWIC secondary prices continued to rise in June, according to a report by KopenTech. -
European secondary ABS market rallies amid vibrant summer primary
9 months ago
After last week’s spread widening, triggered by a repricing of monetary policy expectations, sentiment in Europe’s structured finance market is on the upswing again. -
Secondary activity ramps up as post-Barcelona rally continues
9 months ago
BWIC activity across European ABS and CLOs increased this week as investors and asset managers look to take some risk off heading into the summer -
CSAM and Five Arrows print Euro CLOs as bwic activity ramps up
10 months ago
Credit Suisse Asset Management and Five Arrows rounded off the week with two new issue European CLOs, while secondary bwic volumes increased week-on-week -
Large CLO investor sells three post-reinvestment anchor equity positions
1 year ago
Three control equity positions were on sale on Thursday at 9am EST (2pm GMT) in the same list. The bwic listing was made up of three 2017 US CLOs, all of which are post-reinvestment and have not been reset in the years since -
Primary US CLO triple As 40bp cheaper after secondary rally, says Barclays
1 year ago
A rally in the secondary market for CLO triple A paper last week has meant that primary spreads are cheaper on a relative value basis by around 40 basis points -
Barclays shifts Euro CLO trading to ABS team with departure
1 year ago
A European CLO trader at Barclays, who took on more responsibility for trading following a keu figure departure, is understood to have parted ways with the bank late last year -
CLO triple As face contest with "appealing" US treasuries: Barclays
1 year ago
The challenge of issuing new CLOs has been put into sharper relief, with Barclays strategists arguing US treasuries look attractive versus triple A tranches -
European CLO market weathers liability-driven investment crisis as just 4% of b-wics fail to trade
1 year ago
European CLO b-wic supply surged in September as liability-driven investment strategies sought to raise collateral via the floating rate CLO market. -
Apollo scooped up $1.1 billion CLO paper amid UK LDI crisis, officials confirm
1 year ago
Apollo Global Management bought a whopping $1.1 billion of triple A and double A-rated CLO paper yielding over 8% in the three weeks of elevated bwic supply in October -
CLOs underperform recovery as central bank tone shifts: Barclays
1 year ago
CLOs have lagged the recovery in risk assets over the last week and remain at near year-to-date wides, according to research from Barclays. Strategists add CLO triple Bs look cheap versus high yield corporate bonds -
Private equity firms are becoming CLO converts: TwentyFour
1 year ago
Private equity firms have increasingly bought CLO and other securitised debt tranches in recent weeks instead of their usual preference for physical assets - a trade TwentyFour believes "makes perfect sense" -
Sofr away from me – basis puts new CLO triple As in dire straits
1 year ago
A relative value gap has opened between secondary and primary market CLO triple A tranches, with the former looking attractive as volatility heightens and the basis grows between Libor and Sofr. This presents an additional problem for managers hoping to do new business
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