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CLO pipeline: GoldenTree makes good home for single Bs in swarm of activity
2 years ago
Wider CLO spreads are not deterring US CLO managers or equity investors, as 14 new issues, 10 resets and seven refinancings enter the pipeline -
European PM departs as Investcorp shakes up CLO management approach
2 years ago
A European loan portfolio manager and trader has parted ways with Investcorp Credit Management amid a shake-up in how the firm manages its CLOs -
Investcorp partially refis European CLO ahead of reinvestment end in June
2 years ago
Investcorp has partially refinanced the most senior tranche of a 2015 European CLO, Harvest XI -
Investcorp partially refis European CLO with four months reinvestment left
2 years ago
Investcorp has partially refinanced its 2014 European CLO, Harvest IX, which ends its reinvestment in August -
Investcorp and JP Morgan pair again to reap 2018 European CLO refi
3 years ago
Investcorp Credit Management has partially refinanced the five most senior tranches of its 2018 vintage European CLO, Harvest XX -
Euro CLO repricing hits €4bn as Jefferies arranges first deal and Investcorp drops double Bs
3 years ago
Spread compression is driving European CLO refinancing activity, with three transactions pricing on Friday: Carlyle Euro CLO 2017-2, Harvest CLO XVI and Man GLG Euro CLO III -
Investcorp preps first CLO refi in Europe with triple and double Bs since 2019
3 years ago
Investcorp Credit Management is working with Deutsche Bank to refinance six tranches of its 2018-vintage CLO named Harvest XVI -
Euro CLO league tables: Killer Bs: Barclays and Blackstone cause buzz to lead new issuance
3 years ago
The coronavirus pandemic-induced volatility had a marked effect on the European CLO market in 2020 with total issuance falling by €18.5 billion and new issuance €7.8 billion lower than 2019’s figures -
Global CLO b-wic round-up: junior tranches trade above par as US volumes reach $45bn
3 years ago
A busy week of over $1.4 billion of US CLO secondary bonds and €290 million of European CLO paper gave light to CLO spreads across the capital structure continuing their push towards pre-covid levels -
Euro CLO league tables: Barclays heads close race for new issues
3 years ago
Bridgepoint became the fifth European debut manager in 2020 when it teamed up with Barclays to price Bridgepoint CLO I on 13 November. The €301.85 million deal featured triple A notes at 121bp over Euribor, 11bp wide of market tights -
Global CLO league tables - October 2020 YTD
3 years ago
Global CLO league tables - October 2020 YTD -
European CLO managers switch legacy deals to originators ahead of Brexit deadline
3 years ago
A few European CLO managers are undertaking house keeping ahead of the end of the Brexit transition period in January, by switching the method by which their legacy CLOs comply with risk retention from sponsor to originator -
Global b-wic round-up: Europe drifts wider
3 years ago
The CLO secondary market had a robust week with $860 million of US CLO paper and €315 million worth of European CLO bonds listed. But spreads widened off the back of concerns over lockdowns across the globe, the increased risk of downgrades and tomorrow’s US presidential election -
Euro CLO round-up: fluctuating spreads give mixed signals
3 years ago
Last week was one of the European CLO market’s busiest since the coronavirus crisis began, as four managers brought new deals to market – adding €1.35 billion -
Investcorp completes second largest European CLO since March sell-off
3 years ago
Investcorp has upsized its latest European CLO since marketing, with the manager pricing a €419.6 million transaction -
CLOs hold €250 million of defaulted French events organiser Comexposium
3 years ago
CLOs hold €246.1 million of French events organiser Comexposium, which entered safeguard protection in the Commercial Court of Nanterre on Wednesday -
Investcorp markets third 2020 European CLO with triple As guided at 110bp
3 years ago
BNP Paribas is arranging a new CLO for Investcorp Credit Management, marking a first time partnership. The pair expect to price the transaction early next week, with a portfolio that is about 45% ramped as things stand -
Junior CLO spreads tighten as Investcorp's euro triple Bs hit 400bp
3 years ago
Junior spreads have tightened further with triple B notes hitting 400 basis points as Investcorp prices its second European CLO of 2020, Harvest CLO XIII -
Investcorp markets second European CLO of 2020
3 years ago
Investcorp Credit Management is marketing a new €249.61 million European CLO via Barclays -
Global CLO b-wic round-up: secondary prices reach March levels
3 years ago
The Memorial Day bank holiday in the US and the late May bank holiday in the UK meant a short week for CLO trading, but that did not stop a good supply of US CLO triple A rated paper making its way to the secondary market -
Investcorp targets most liquid loans for new European credit fund
3 years ago
Investcorp Credit Management is targeting “the largest and most liquid European issues” after raising €318 million for a levered credit fund that invests in European loans -
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 -
Investcorp launches Italian NPL fund
3 years ago
Investcorp has raised €340 million for an Italian non-performing loan (NPL) fund, following a similar strategy to a 2017 fund -
Who’s got the moves Europe: CLO managers enjoy climb of Everest
3 years ago
The European S&P/LSTA Leveraged Loan index enjoyed a strong month in April as it rose from 83 of par on 1 April to 89.2 by the end of the month. The index closed at 89.4 on 4 May to start the week -
Global CLO b-wic round-up: equity makes a return as investors search for price levels
3 years ago
Three European CLO equity bonds have traded with colour attached in the last two weeks in the secondary market
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