- Direct lending (8)
- Emerging markets (7)
- High yield bonds (remove)
- Investment grade credit (14)
- Structured credit (9)
- CLO (28)
- Distressed debt (9)
- Credit derivatives (14)
- Leveraged loans (15)
- Marketplace lending (7)
- Real assets (7)
Brigade prices rare refinancing of bond-flex CLO from 20183 days ago
Brigade Capital Management has partially refinanced a debut bond-heavy CLO from 2018 known as Brigade Debt Funding I, marking just the fourth such transaction of 2020
Senior bond-flex CLO tranches are 'cheapest bonds within securitised products': BofA16 days ago
Triple A-rated notes of bond-flex CLOs are 'one of the cheapest bonds within securitised products', according to a new research paper by Bank of America
Credit spreads wind back to February to bring shorts into focus21 days ago
The credit rally since April has opened up an opportunity to go short credit, say fund managers, with spreads back to where they were in late February
Five year structures back in vogue as Diameter prices bond flex CLO1 month ago
Diameter Capital Partners has priced the third five-year CLO structure amid the coronavirus pandemic, after teaming with GreensLedge to issue its latest CBO named Diameter Credit Funding III,
Anchorage prices first-of-its-kind bond flex CLO refi1 month ago
Anchorage Capital Group has taken the unusual step of refinancing three tranches of its 2018 vintage CBO named Anchorage Credit Funding 5. Creditflux data shows the deal to be a first-of-its-kind transaction
Anchorage prices first five-year CLO structure since March1 month ago
Five-year CLO structures have returned for the first time since the coronavirus outbreak, thanks to a bond flex deal issued by Anchorage Capital Group
Rampant technicals push cash and CDS in different directions2 months 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.
Anchorage explores possibility of first five-year CLO structure post-coronavirus4 months ago
Anchorage Capital is testing the waters for the first five-year reinvesting CLO structure since the pandemic-led downturn
A round-up of fund performance6 months ago
Tranche traders aim to navigate default risk while staying clear of coronavirus contagion7 months ago
The CDS market is navigating between two sources of risk for equity and mezzanine high yield index tranches. The default of US media company McClatchy has focused idiosyncratic concerns, while the spread of the coronavirus has stoked fears of a systemic sell-off.
IHS Markit mulls CDX EM growth and iTraxx ESG screen7 months ago
Increasing the portfolio size of CDX EM and consulting on an ethically-screened version of iTraxx Europe are among the projects index administrator IHS Markit has been working on ahead of the 20 March roll.
Covid-19 outbreak rattles carry traders7 months ago
The coronavirus panic hitting financials markets at the end of February has been a strong driver of relative value trades, with CDS underperforming both cash bonds and equity, while financial names felt the heat more than corporate borrowers as geographical risk came into play.
BDCs tap bond market to improve funding mix7 months ago
A plethora of business development companies have turned to the institutional bond market to refinance their debt.
Fund performance: CLO funds pick up where they left off7 months ago
A round-up of fund performance
Anchorage lands first bond-flex CLO after Volcker u-turn8 months ago
Anchorage Capital Group has priced its first new issue bond-flex CLO of 2020
Correlation rise stokes mezz rally but adds to CSO woes8 months ago
Below the calm surface of the credit market, correlation has been churning and creating dislocations rich with reward for index tranche traders but complicating bespoke issuance, say sources.
A round-up of fund performance8 months ago
High yield pioneer Shenkman joins roster of bond-flex CLO issuers8 months ago
Romark Credit Advisors, the CLO manager linked with Shenkman Capital, has joined the exclusive but growing group of bond-flex CLO managers
Anchorage prices second-ever reset in bond securitisation market9 months ago
Anchorage Capital Group priced a reset of 2015-vintage bond-flex CLO Anchorage Credit Funding 2 on Friday, completing just the second CBO reset in this market’s history
Fund performance: Long-short funds rule in October as CLO funds struggle10 months ago
A round-up of fund performance
Fortress prices its first CBO of the year10 months ago
Fortress Investment Group priced its first new issue CBO of the year on Friday via GreensLedge, the lead arranger on the deal, and Natixis
Rising idiosyncratic risk leads to calls for high yield index tranche fix from traders11 months 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 performance11 months ago
A round-up of fund performance click here.
Diameter circles back to CBO market with its second transaction1 year ago
Diameter Capital Partners yesterday priced its second CBO, just five months after issuing its first, according to market sources
Capital structure emerges for forthcoming debut CBO from Sculptor1 year ago
Sculptor Capital Management is set to join the ranks of the world’s CBO managers, according to market sources
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