- Direct lending (5)
- Emerging markets (4)
- High yield bonds (12)
- Investment grade credit (4)
- Structured credit (9)
- CLO (84)
- Distressed debt (4)
- Credit derivatives (9)
- Leveraged loans (15)
- Marketplace lending (3)
- Real assets (3)
CLO pipeline: DFG keeps its finger on the pulse2 days ago
It will be a busy year-end for new issue CLOs in the US. DFG is returning with Pulsar II, using collateral sourced entirely from the secondary market
CLO pipeline: high triple C bucket opens a Gateway to pricing8 days ago
In less than ideal market conditions, even experienced CLO managers are learning new tricks to keep the pipeline full. Of the 11 US new CLOs that appear in the pipeline this week, two are high triple C bucket transactions
CLO pipeline: ESG, risk retention and secondary loans come to the fore23 days ago
Managers new and old are trying different strategies and structures to price their latest deals
Rising idiosyncratic risk leads to calls for high yield index tranche fix from traders28 days ago
As sources of funding dry up for the weakest borrowers in the credit market, some correlation traders are calling for an overhaul of CDX NA HY index tranches to make trades on wide-end dispersion more effective.
Fund performance29 days ago
A round-up of fund performance click here.
CLO pipeline: Capital time to debut in Europe as liability spreads drop1 month ago
CLO managers are showing no signs of slowing down, as a further 16 US and five European new issue CLOs, including Capital Four's CLO management debut, appear in the pipeline
- Bond and loan volumes dropped in August amid signs that US investors are taking a safety-first approach: 46% of issuance was made up of loans rated BB-/Ba3, compared to 33% earlier this year2 months ago
Fund performance2 months ago
A round-up of fund performance
Global CLO b-wic round-up: US and European double B trading patterns diverge2 months ago
48% of the CLO secondary market was made up of triple A bonds; $255.6 million of US CLOs and €108.55 million of European CLOs. But there were differences in how CLO double Bs are trading in those markets.
CLO pipeline: new kids in class look to excel on first assignments2 months ago
The summer holiday is well and truly over with the European CLO market building on last week’s momentum as three new deals and one reset are to enter the primary market.
CLO pipeline: managers look to avoid a repeat of 2018 with new issue flutter2 months ago
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
- The risk premium for second lien US loans has widened in recent months, while first lien loan margins have gone the other way. It’s a clear signal that lenders are erring on the side of caution.3 months ago
Fund performance3 months ago
A round-up of fund performance
CLO pipeline: Carlyle and KKR plan swift re-entries3 months ago
Carlyle Group and KKR are included in the CLO pipeline this week as both managers have started marketing their latest transactions as the US CLO pipeline begins to look full after a quiet week
CLO pipeline: Golub and Sound Point to cement positions among market leaders3 months ago
Last week there were nine CLOs priced in the US market, including four broadly syndicated loan new issues and two middle market new issues, whereas there was no issuance in Europe. The CLO action over the next few weeks is again weighted towards the US, according to market sources
CLO pipeline: refis can't wait till after summer3 months ago
The CLO market in both the US and Europe looks to be slowing down in the near future with only two deals added to the running pipeline.
CLO pipeline: US takes up baton after European July sprint4 months ago
The US CLO market is ready to kickstart issuance in August as nine deals have been added to the running pipeline.
- US loan issuance has fallen dramatically this year, but many thirsty investors found liquidity in the secondary market or took advantage of plentiful high yield issuance in a record quarter for bonds
Bank of Japan keeps rates in check to keep CLOs within reach4 months ago
The US Federal Reserve’s pivot toward a more dovish monetary policy has buttressed the symbiotic relationship between Japanese investors and US CLO managers
CLO pipeline: there's no drought here as market is doused with deals4 months ago
Deal-makers have been taking in their H2O with little sign of summer slowdown in the CLO market as the pipeline approaches full force
- At Creditflux’s Credit Dimensions event in New York, structured credit investors were told how synthetic CDOs fit neatly alongside CLOs, and there is no need to pick one over the other5 months ago
- Some CSO tranches may off er better returns and provide exposure to higher-rated credit than similar tranches of CLOs. Also, the CSO term curve is steeper and more stable than that of CLOs5 months ago
WhiteRock's Dolfino: "PE deal flow is down, deal sizes are up and spreads are compressing" [video]5 months ago
WhiteRock Capital Partner's Gustavo Dolfino talks to Creditflux's Michelle D'souza after his M&A presentation at the Creditflux Debtwire US Mid Market Forum
CLO pipeline: Barclays and Goldman branch out to mid market5 months ago
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.
CLO pipeline: newcomer emerges with unusual transaction5 months ago
The US CLO pipeline continues to fill up, with 20 new issue US CLOs featured and another 17 deals set to be refinanced.
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