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Euro CLO investors look to cash in as market confidence returns
3 years ago
A mixed b-wic comprised of €35 million European CLO tranches is on offer at 9.30am New York time Tuesday, with investors looking to capitalise on tightening spreads as confidence gradually returns to the market -
European investors eye 180bp pick-up on triple B CLOs traded in April
3 years ago
A b-wic consisting of mostly European triple B CLOs that traded in late April is on offer at 9.30am New York time tomorrow, according to market sources, as data shows spreads for the rating band averaging 546 basis points over Euribor as of 27 May -
Fitch takes action on 29 European CLO tranches
3 years ago
Fitch Ratings took action on 29 European CLO tranches yesterday, placing the majority of these on rating watch negative -
Invesco suffers Moody's downgrade after struggling to delever balance sheet
3 years ago
Moody's has downgraded Invesco Ltd from A2 to A3 citing the "challenges Invesco has faced delevering its balance sheet following the acquisition of Oppenheimer Funds", the rating agency said in a notice -
Benchmark European 2020 CLO trades 11 points down in secondary
4 years ago
A senior European CLO investor has flipped €21.9 million worth of notes onto the secondary market, selling eight of nine line items via a b-wic, sources say. Meanwhile, US CLO trading switched from being investment grade focused over the last month to being centred on below IG tranches yesterday: IG volumes reached $574 million versus $926 million for lower rated tranches -
Euro CLO league tables: Carlyle doubles down in February as 2019's leaders look on
4 years ago
Carlyle Group has jumped to the top of the European CLO manager league tables after bringing two deals to the market in February -
Invesco sets new benchmark in European CLO market
4 years ago
Invesco priced Europe’s sixth new issue CLO of the year on Friday, according to market sources. Invesco Euro IV pays 93bp over Euribor on its triple As, the tightest print of any European CLO with four or more years of reinvestment -
CLO pipeline: make some noise for repricings
4 years ago
CLOs may be a bit late to the spread-tightening party, but a hoard of CLO repricings is aiming to make up for it by sheer volume -
Invesco is first manager to refinance late 2017 CLO
4 years ago
Invesco yesterday became the first CLO manager to refinance a deal that priced in the second half of 2017, according to market sources -
Private credit specialist hires Wells Fargo for first CLO after poaching Invesco PM
4 years ago
A $20 billion asset manager is working with Wells Fargo on its first CLO. The manager is well versed in mid market loans, but its first CLO will be backed by syndicated loans -
Deluxe decline leaves CLOs feeling deflated
4 years ago
Deluxe looked decent: trading in the 90s for much of this year, with 60% of its term loan sitting in CLO portfolios. But its rapid descent underlines the dangers posed by idiosyncratic events. -
Deluxe decline leaves CLOs feeling deflated
Deluxe looked decent: trading in the 90s for much of this year, with 60% of its term loan sitting in CLO portfolios. But its rapid descent underlines the dangers posed by idiosyncratic events4 years ago -
European corporate loans can fit into various fund types and this year there has been an increase in managed accounts targeting these assets. But CLOs are still the best structures to house loans4 years ago
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Single B spreads tighten dramatically as Invesco prices third euro CLO
4 years ago
Invesco yesterday brought its third CLO new issue to market via Barclays, according to market sources -
Invesco prices largest new CLO in three years
4 years ago
Invesco returned to the CLO primary market yesterday to issue its largest new money transaction in three years, according to market sources -
Barclays markets two new issue CLOs in Europe
4 years ago
Barclays is marketing the latest European CLOs for Invesco and Anchorage Capital Group, according to market sources -
Past returns: Unfinished business in CLOs
4 years ago
Five years ago in Creditflux we reported that DA Capital was looking for a way back into CLO management. The firm had sold its four US CLOs in 2011 to Citi Alternative Investments (now known as Napier Park Global Capital), but a rally had convinced the firm it was time to issue CLOs again. -
Invesco refinances 2016 CLO and moves to floating rate-only liability structure
4 years ago
Credit Suisse collapses fixed into floating tranches -
Euro CLO league tables: May’s refinancings fall just shy of €1 billion
4 years ago
European CLO monthly issuance has stayed roughly level since February what has differed recently though is the volumes of all forms of refinancings. -
Euro CLO round-up: after three-year hiatus, two Apollo/Redding Ridge CLOs come along at once
4 years ago
The Japanese bid for CLO triple A notes is taking a break for at least a few weeks, according to market sources, effectively removing a key contributor to the benchmark levels set this year. -
Invesco returns to market with its second 2.0 European CLO
4 years ago
Invesco has priced its second euro CLO after entering the European market in November last year, according to market sources -
Market goes green with envy at Invesco's tight Verde CLO print
5 years ago
Invesco marked its return to the CLO primary market on Friday with a $506.44 million new issue named Verde CLO -
US CLO round-up: Golub orbits curve as managers double up
5 years ago
A breakthrough regarding Japanese risk retention rules ended last week on a high note for CLOs as the Japan Financial Services Agency has announed that CLOs can sit outside the remits of its securitisation regulations -
Invesco unveils "belt and road" debt fund
5 years ago
Invesco has unveiled a new fixed-income Ucits strategy that aims to capture investment opportunities driven by China’s “Belt and Road” initiative -
List of debut managers in Europe grows as Invesco crosses the ocean
5 years ago
Invesco has added its name to the list of US CLO managers crossing the Altantic after launching its first 2.0 deal in the European market
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