Creditflux

Diverging views emerge over performance of ESG investing, RBC survey reveals
Investors which incorporate ESG principles are convinced it adds value, but those who do not are more uncertain, according to a survey by RBC Global Asset Management 

CVC teams up with RBC for reset and upsize of 2012 CLO
CVC Credit Partners came to market yesterday with a short reset of its 2012 vintage deal Apidos XI

Mid market CLO league tables: Barclays makes entrance as AB picks up the pace
Barclays was involved in its first ever middle market CLO, as July marked the first month of 2019 that Natixis did not arrange a mid market CLO this year.

PGIM prices new issue CLO via RBC as triple A spreads tighten
PGIM yesterday priced its seventh CLO transaction of the year, teaming up with RBC to issue Dryden 68

Eaton Vance hires loan trader in Boston
Eaton Vance Management has hired a loan trader from the sell side  

Steele Creek teams up with RBC for new issue CLO
Steele Creek Investment Management priced a new issue CLO today, partnering with RBC for the first time

Nassau lures bank's CLO origination head as it adds investment arm to manager business
Nassau Re has poached a bank's head of CLO syndicate and origination as it launches a CLO equity and debt investment platform

Allstate secures 123bp triple A print on second US CLO of 2018
Allstate Investment Management Company (AIMCO) has issued its second CLO of the year, placing the deal via RBC

Lifelong CLO trader joins Nomura as head of US CLO origination
One of the most experienced names in US CLO trading has joined Nomura to lead its new issue business, sources say

RBC prices $509 million risk retention-compliant CLO for MJX
MJX Asset Management has priced more than $5 billion worth of CLO paper in 2018 following the launch of Venture 34 yesterday. The US deal is expected to comply with European risk retention rules

Whitehorse comes galloping back into CLO new issue market
Whitehorse Capital Management is back in the CLO primary issuance market following a $458.1 million transaction arranged by RBC

Head of CLO trading parts company with RBC
A well-known CLO trader has left RBC, where he is credited with helping to build the bank's secondary CLO business

Fresh-faced US CLO manager doubles AUM with latest new issue
A new CLO manager teamed up with RBC to price a new issue CLO on Friday, bringing its AUM up to $897.65 million

RBC prices its first deal for Cincinnati-based manager
The CLO is the first time RBC has worked with the manager on a CLO deal

Harvest hires former RBC credit trader in Hong Kong
Harvest Global Investments has added a fixed income portfolio manager to its office in Hong Kong

MJX grabs the cookie cutter for fourth new US CLO of 2017
MJX Asset Management has priced its fourth new CLO of 2017, achieving near identical pricing for Venture XXIX as for the similarly structured Venture XXVIII

CLO boom encourages new ideas
Volumes are up, spreads are down and risk retention is a doddle. That must mean it’s time to push the boat out and innovate

RBC captures the imagination with syndicated CLO vertical strips
RBC’s novel approach to CLO risk retention financing has earned plaudits, with arrangers, managers and investors alike commending the bank for creating a securitised vertical strip

Details emerge of RBC's new risk retention tactic
More light has been shed on securitised vertical strips in CLOs

RBC CLO team gets set for billion-dollar day this week
RBC is gearing up to price two US CLO deals on Thursday, totalling over $1 billion, according to market sources.

RBC gets to work on first CLO of 2017 after winning new manager client
RBC Capital Markets has won a mandate to arrange a US CLO for a new manager client, according to market sources

Bank trades close to $700 million in big week for CLO b-wics
Secondary CLO volumes hit $1.2 billion last week, and some familiar names have emerged as the top market makers

US manager picks different arranger to revive previously-shelved CLO plan
CIFC Asset Management is close to pricing its first CLO of the year, according to market sources.

RBC adds to expanding financials credit team in London
RBC adds to Raffaele Prencipe's financials credit trading team in London 

Investor cashes in as CLO mezzanine tranches recover
A $42 million b-wic yesterday highlighted the extent to which mezzanine CLO tranches have recovered after a tough start to the year.