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Barings prints largest post-covid European CLO via Natixis
3 years ago
Barings priced the largest European post-covid CLO on Friday in a €452.8 million transaction named Barings Euro CLO 2020-1 -
PGIM embarks on European CLO comeback with first deal since early March
3 years ago
PGIM is set to price its first post-covid European CLO as the manager markets Dryden 79 with triple A notes within range of a deal which it priced in early March -
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 -
Global CLO b-wic round-up: CLO lower mezz tightens while equity investors strive for duration
3 years ago
A large supply of CLO paper flooded the secondary market last week as $1.5 billion of US CLO bonds and €370 million of European CLOs were listed, according to CLO-i -
Fair Oaks sprints its way to second European CLO in four months
3 years ago
Fair Oaks Capital has priced its third European CLO transaction and second in four months, according to market sources, with the London-based manager opting for a print-and-sprint route for this deal. -
Euro CLO primary spreads hit new tights as BlackRock prices first 2020 deal
3 years ago
European primary CLO spreads have finally begun to tighten, as BlackRock today printed triple A notes on BlackRock CLO X at Euribor plus 120 basis points -
Fair Oaks rotates to Euro CLO equity after 32% gain on double Bs
3 years ago
Fair Oaks Capital is starting to rotate back to CLO equity positions after taking advantage of the stabilising market and using profits from its higher-quality, more opportunistic trades earlier this year to carefully dial up the risk -
It’s been a while — how’s tricks?
The primary CLO market has been open since April, but 41 managers have not managed to price a US CLO in over a year and a lack of access to equity capital means they may struggle to return3 years ago -
CLOs at a glance: CLO managers are quite partial to a refi
3 years ago
There was a wave of CLO partial refinancing in August as equity investors capitalised on lower interest rates to cut the coupon on fixed rate tranches -
Deutsche Bank upsizes comeback European CLO in €344 million GSO deal
3 years ago
GSO Capital Partners has issued its second CLO in Europe since the coronavirus pandemic outbreak, upsizing the transaction by almost €50 million in the 24 hours before pricing -
Palmer Square prices first European CLO
3 years ago
Palmer Square Capital Management has priced an inaugural European CLO via JP Morgan -
Deutsche Bank on track for European CLO comeback after nine-month break
3 years ago
Deutsche Bank is set to make a return to the European CLO primary market on Friday with its first transaction in nine months -
Investors get creative with new ways to trade the curve
3 years ago
Credit index curve trading is gaining new features going into August, evidencing deeper liquidity for CDS strategies, but also that investors already have one eye on the upcoming September rolls. -
Rampant technicals push cash and CDS in different directions
3 years ago
Central bank interventions, primary market issuance and high yield defaults have conspired to create major distortions in credit performance, which sources say are ripe for opportunistic trading. -
CLOs at a glance: managers show creative side to price new issues
CLO managers are having to get creative to print deals3 years ago -
Five Arrows prices same-day CLOs in US and Europe for first time
3 years ago
Five Arrows Managers broke new ground on Friday after pricing two CLOs on one day for the first time in its history -
Redding Ridge back as top CLO issuer post sell-off with new US and EU deals
3 years ago
Redding Ridge Asset Management has shot back to become the largest CLO issuer by volume since the sell off in March after printing a new issue apiece in the US and Europe, according to market sources -
Secondary European CLO market kicks into gear with 38 bonds on sale today
3 years ago
The European secondary CLO market is revving up with 38 debt tranches up for grabs across five b-wics today. The auctions take place this morning New York time and feature about €75 million of CLOs from triple As down to single Bs -
Double As reach 200bp as HPS prices European CLO
3 years ago
HPS Investment Partners has priced its inaugural European CLO of 2020 via BNP Paribas, achieving market tights across nearly all parts of the capital stack -
Hayfin prints Euro CLO with fixed-to-floating tranches
3 years ago
Hayfin Capital Management has printed its first European CLO of 2020, after amending the capital structure to include two fixed-to-floating tranches -
Cairn prices first European CLO of 2020 via Credit Suisse
3 years ago
Cairn Loan Investments has priced its first European CLO transaction of 2020, via Credit Suisse -
CBAM prices second European CLO with triple As at 159bp
3 years ago
CBAM priced its second European CLO on Friday evening via Barclays -
European CLO spreads tighten across stack as Oaktree prices new issue
3 years ago
Oaktree Capital Management broke European CLO market records yesterday by pricing the tightest new issue transaction amid the coronavirus pandemic -
Hayfin features single B tranche in short-dated euro CLO
3 years ago
Hayfin Capital Management is marketing its first European CLO deal, which includes a €7 million single B-rated note -
Global CLO b-wic round-up: spreads widen in short week to end manic June
3 years ago
A shortened week brought an end to a manic month of secondary CLO activity. $343.5 million of US CLO and €309 million of European CLO paper was on sale last week, dropping $1.05 billion and €170 million from the previous week
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