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CBAM markets second European CLO just 21 days after debut
3 years ago
CBAM, who debuted in European CLO management just earlier this month, has become the first manager to market a second Eurpopean CLO post covid-19 -
CLO double A-single A basis falls to just 10bp in 2.0 record
3 years ago
The basis between US CLO double As and single As has fallen to just 10 basis points – which is the lowest it has been since the financial crisis in 2008, according to Creditflux data -
CLO and distressed fund recovery disparity could grow, say Barclays
3 years ago
CLO investors should apply a haircut to the $55-60 loan recovery range to better estimate recoveries in CLO models, as the disparity between how distressed debt funds and CLOs extract value in a loan restructuring is expected to widen -
Former Barclays global CLO distribution head joins Nearwater
3 years ago
Barclays’ former head of global CLO distribution has landed at a risk retention financing firm as senior managing director in New York -
US CLO league tables: light at the end of the tunnel as primary revives
3 years ago
May brought a rise in US CLO primary market activity with a combined $5.55 billion in new issuance for the month -
US CLO spreads set to tighten across the stack as CIFC targets 170bp triple A print
3 years ago
CIFC Asset Management is marketing its first new issue CLO of 2020 with price talk for the triple A notes pointing to a print of around 170 basis points - a new market tight since the coronavirus pandemic began -
Oaktree gets off the mark with one-year reinvestment CLO
3 years ago
Oaktree Capital Management has priced its first US CLO of 2020, partnering with Barclays to produce a one-year reinvestment deal. The CLO has priced wide of where some three-year deals were being marketed, with Oaktree CLO 2020-1 printing its senior notes at 200 basis points -
Static US CLO advocate prices one-year reinvestment deal
3 years ago
Palmer Square Capital Management on Friday priced a $437.9 million CLO named Palmer Square CLO 2020-1, according to market sources -
Ellington European CLO still on table despite scrapped warehouse rating
4 years ago
DBRS Morningstar has discontinued ratings on the warehouse line backing the launch of Ellington Management’s debut European CLO, but sources say the CLO is still going ahead -
AGL prices novel CLO with ability to reinvest would-be equity distributions
4 years ago
AGL Credit Management has become the fourth manager to issue a new CLO following the coronavirus-triggered sell-off -
Four managers eye breakthrough new issue European CLOs
4 years ago
The European primary CLO market is showing signs of revival with four managers eyeing deals -
Unique CLO upsizes to $22 billion
4 years ago
The world’s largest CLO has more than doubled in size to total a whopping $22 billion -
Palmer Square becomes third manager to tout special static sell-off CLO
4 years ago
Palmer Square Capital Management is the latest manager to unveil a forthcoming static CLO to make good from the loan market's sell-off following the coronavirus outbreak -
CIFC pushes European CLO spreads to new tights
4 years ago
CIFC Asset Management’s second CLO in the European market, CIFC European Funding CLO II, has set a new benchmark for the year as triple A spreads move tighter to 90bp with a cost of debt of 165.6bp. -
AGL prices largest five-year CLO so far in 2020
4 years ago
AGL Credit Management has priced the largest new money CLO of 2020 with five years of reinvestment -
Davidson Kempner hires ex-Barclays convertibles research head
4 years ago
DavidsonKempner, the investment management firm, has hired the former head of European and Asian convertibles research at Barclays to manage convertible bonds in its London office -
CVC resets 2016 US CLO
4 years ago
CVC Credit Partners joined Credit Suisse Management in resetting a 2016 vintage US CLO via Barclays on Friday -
CSAM repeats tested formula with largest CLO reset of 2020
4 years ago
Credit Suisse Asset Management returned to the CLO market on Friday after teaming with Barclays to price a reset of its 2016 vintage US CLO, Madison Park Funding XXII -
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 -
US CLO league tables: old deals get a fresh start in the new year
4 years ago
The majority of CLO issuance last month was in all forms of repricings, which totalled $4.8 billion and accounted for 54.5% of US CLO volumes -
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 -
Short-dated deals are Man's best friend, but long-awaited GLG CLO prices wide
4 years ago
Man GLG has priced its first new issue CLO in Europe since September 2018 -
Wind blows against UK credits after Brexit day bluster
4 years ago
After all the Friday fanfare of the UK’s exit from the European Union, Brexit-exposed credits are quietly heading wider at the start of this week, against the general tightening trend -
KKR goes for three years of reinvestment to capitalise on steep CLO term curve
4 years ago
KKR Credit has priced the first three-year CLO of 2020 as the manager looks to capitalise on a steeper term curve -
CLO pipeline: Medalist ascends podium as new issues pace themselves
4 years ago
CLO managers are biding their time before re-entering the primary CLO market, but this week Investcorp Credit Management, KKR and Medalist Partners are marketing new issue US CLOs
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