Creditflux

CBOs aren’t fixated on interest rate moves
The loan sell off at the start of this year highlighted that CBOs are not a play on interest rates or bond prices — they’re taking advantage of the flexibility to rotate between loans and bonds

US CLO's anchor equity on sale for first time
The 23^rd anchor equity position in a US CLO has been listed on the secondary market today, with $36.875 million of Anchorage Capital 6,up for sale at 1.30pm New York time.

Palmer Square prices first five-year reinvestment CLO of the year
Palmer Square Capital Management on Friday priced its first market-standard new issue CLO of the year

US CLO round-up: Fed up of waiting
The US CLO market made a bright start this year, but 2019 now lags 2018 and 2017 after a weak August checked its momentum. This has left some pinning their hopes on a favourable outcome to the US Federal Reserve meeting this week, amid political overtures to up its game in the wake of the European Central Bank's stimulus package

Palmer Square continues static streak with fourth non-reinvesting CLO of 2019
Palmer Square Capital Management returned to market yesterday with its fourth static CLO of 2019 named Palmer Square Loan Funding 2019-4

CLO pipeline: managers look to avoid a repeat of 2018 with new issue flutter
US and European CLO managers are preparing to up the ante in September, but they will have to defy a trend set a year ago

Palmer Square issues senior notes at 85bp in latest static CLO
Senior CLO financing costs have made a big move tighter after Palmer Square Capital Management priced its third static CLO of the year.

US CLO round-up: something old, something new, GSAM returns with newcomers too
GSAM is back pricing CLOs after 12 years away, while relative newcomers make swifter re-entries in the CLO market 

CLO pipeline: Barclays and Goldman branch out to mid market
The US CLO pipeline has been full in recent weeks and this continues, with 18 new issue CLOs and a further nine refinancings appearing this week.

Palmer Square brings single Bs back to its static CLOs as funding costs tighten
Palmer Square Capital Management priced its second static CLO of the year on Thursday named Palmer Square Loan Funding 2019-2, according to market sources

US CLO round-up: choose your own reinvestment period
Reinvestment periods have played an important role so far this year, with 30.8% of the new issue market opting for terms shorter than four years

Palmer Square follows its own path after pricing static CLO with triple As at 105bp
Palmer Square Capital Management is steering clear of the beaten track most CLO managers go down: the firm has followed up a hybrid CDO with a static CLO

Palmer Square shows it's not afraid of experimenting as it prices debut CBO
Palmer Square - the market leader for static CLOs - has tried its hand at a new structure by pricing its first CBO

Static shock: short-dated CLO spreads rally as Palmer Square prices new CLO
Palmer Square Capital Management produced its fifth static CLO of 2018 on Friday in a $501.45 million deal, which priced tighter than its previous static CLO from September. That's despite the fact that CLO spreads, in general, have widened over that period 

Palmer Square buys out Montage Investments' minority stake
The $5.5 billion alternative asset manager is set to become an entirely management owned company

Global CLO round-up: US market has a fair-way to catch up to Europe
As the Ryder Cup drives a wedge between the US and Europe, managers putt their hopes in CLOs. But the European market is in the lead with three deals to one as Creditflux goes to press

Palmer Square prices static CLO to round off its largest month of 2018
Hot on the heels of a five-year CLO reset last week, Palmer Square Capital Management followed up with its fourth static transaction of 2018

Palmer Square prices actively managed CLO reset via JP Morgan
Palmer Square Capital Management has reset its 2013-2 CLO, renaming the transaction Palmer Square CLO 2018-3 in the process

JP Morgan prices third consecutive static CLO for Kansas-based manager
A Kansas-based manager launched its third static CLO transaction of 2018 yesterday via JP Morgan

Palmer Square prices its second five-year reinvestment CLO of the year
Palmer Square Capital Management has tended to alternate between static and long reinvestment CLOs and the firm has stuck to this formula by pricing a five-year reinvest CLO, having priced two static deals earlier in 2018

CLO manager looks to sell IG bonds in risk retention-compliant deals
A US CLO manager is looking to offload its risk retention holdings from four of its CLOs

Palmer Square hires COO from Scout after surpassing AUM milestone
Palmer Square Capital Management has hired Scott Betz as chief operating officer, following the firm surpassing $5 billion assets under management

US CLO round-up: triple A notes come in all different shapes and sizes
CLO triple As priced at varying levels this week with an 8.5bp gap between the tightest and widest prints

Kansas-based manager prices its second static CLO of the year with JP Morgan
The manager teamed up with JP Morgan for the second time in as many months to price a $505.7 million transaction