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CLO market turns international as new investors land
1 year ago
The global CLO market attracted new investors over the first quarter of 2023, according to market sources, while others have moved across the capital stack or into different regions than those to which they have been accustomed -
TwentyFour AM heaps praise on ICG for CLO's enhanced investor protections
1 year ago
TwentyFour Asset Management has hailed Intermediate Capital Group for enhancing documentation protections for mezzanine debt investors in its latest European CLO that priced last Monday via JP Morgan -
ICG prints Euro CLO as junior CLO spreads widen
1 year ago
Intermediate Capital Group priced a new issue European CLO, ICG Euro CLO 2023-1, via JP Morgan this afternoon -
CLOs at a glance (June 2022)
1 year ago
A listing of CLOs that have priced in the last month
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CLOs at a glance (May 2022)
1 year ago
A listing of CLOs that have priced in the last month
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ICG hops into Easter with new CLO as European pipeline builds
2 years ago
The European CLO pipeline is slowly building -
BlackRock Euro CLO set to price, with KKR and ICG in line and 115bp emerging as triple A benchmark
2 years ago
BlackRock is expected to price a European CLO issue today via Bank of America. The immediate CLO pipeline is thin, but KKR is marketing a deal via Morgan Stanley and ICG is marketing via Citi -
Euro CLO triple As show signs of succumbing to macro volatility as €1 billion paper prints
2 years ago
Over €1 billion worth of European CLO paper priced on Wednesday with two new issues from KKR and Spire, alongside a reset from ICG -
ICG opens Dubai office with senior hire
2 years ago
The firm has hired a senior official from LGT to lead the expansion -
CLOs at a glance (November 2021)
2 years ago
A listing of CLOs that have priced in the last month -
ICG resets European CLO for third time
2 years ago
Intermediate Capital Group has reset a 2013 European CLO transaction, having initially reset it in 2017, reissued in 2018 and reset the deal in 2018 -
ICG prints 2019 Euro CLO refi with tight triple As
2 years ago
Intermediate Capital Group has become the latest manager to partially refinanced its 2019 vintage European CLO, St Paul’s CLO IX -
ICG ditches St Paul's label as it prints first European CLO under new PM
2 years ago
The “St Paul’s” branding has been synonymous with European CLOs managed by Intermediate Capital Group for a decade, but the London-based manager has dropped the title on its latest new issue -
CLO pipeline: four US and two European managers prepare first 2021 CLOs
2 years ago
The CLO market is set to carry on roaring with the pipeline as full as ever despite the summer slowdown just around the corner -
Siaci €202 million loan to leave CLOs after merger as new debt guided in low 400s
2 years ago
Burrus has outlined price talk on an €850 million loan backing its acquisition and merger with Siaci, a popular CLO credit -
ICG resets 2017 Euro CLO with triple As at 89bp
2 years ago
Intermediate Capital Group has paired with Goldman Sachs to reset its 2017 European CLO, St Paul’s CLO VII, taking the manager’s 2021 volume over the €1 billion mark -
Global CLO trading lab: Octagon CLO comes out top in CLO double B spike
2 years ago
Double B-rated bonds made up 40% of the European and US CLO secondary markets last week. $222 million of US CLO double B bonds were on sale and a further €105 million of European CLO double B items were listed -
CLO pipeline: Five out, five in as market digests new issuance wave
2 years ago
Five new issue US CLOs priced from last week’s pipeline, but five more have replaced them in this week's edition of our pipeline report -
Refi triple As widen as ICG prices partial European CLO refi
2 years ago
Intermediate Capital Group has refinanced the triple A notes on its 2014 European CLO, St Paul’s CLO X, with spreads wide of 2021 averages -
Beneath the triple C: CLOs benefit as upgrades make for lighter triple C buckets
3 years ago
For the first time since the sell off in March last year, downgrades to triple C have come to a near-standstill -
European CLO repricing volume passes €14bn as ICG resets 2019 deal
3 years ago
Intermediate Capital Group becomes the latest CLO manager to reset a deal, having reworked its 2019 vintage St Paul’s CLO X -
Euro CLO mezz spreads leak wider but seniors hold firm as ICG resets
3 years ago
European CLO mezzanine reset spreads have widened out slightly this week, highlighted by Intermediate Capital Group’s reset of St Pauls CLO VI via JP Morgan -
OC health check: 41 CLOs heal their breaches
3 years ago
147 CLOs breached an over-collateralisation test in October, down from 183 in September. 41 CLOs that breached an OC test in September passed all OC tests in October, most of which had October payment dates -
Global CLO round-up: fresh start for five year deals as market reopens
3 years ago
The CLO market is still producing deals at a good pace, with $2.6 billion of global issuance last week. Four new issue deals priced in the US with Intermediate Capital Group and NYL Investors pricing their first transactions of the year while CVC Credit Partners made it two and Barings three in 2020 -
OC health check: August reports slow torrent of fresh breaches to a trickle
3 years ago
198 CLOs reported an over-collateralisation (OC) breach in August, only three of which were completely new breaches. This is a slowdown from July, when 230 deals suffered some kind of OC breach, according to the latest reports from CLO-i
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