CLO Markets
All Update archive
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CLO Markets Daily - 12 January 2023
*US new issues: OCP 2023-26 senior notes guided at +196bp; Muzinich in market with second deal*Volta Finance FY 2022 NAV down 12.7% US PRIMARY MARKET OnexCiti is m ............
12 January 2023
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CLO Markets US Deal Alert - 12 January 2023, 9.30 UK time
Barclays is pre-marketing the triple-A rated notes of 1988 CLO II, according to investors. The notes are being shown in a SOFR +230-235bp context.This is a US BSL CLO managed ......
12 January 2023
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CLO Markets EU Deal Alert - 11 January 2023, 20.10 UK time
A status update is circulating for Aqueduct European CLO 7, a CLO managed by HPS.The class F tranche is subject and pricing is now targeted for Friday, according to investors.The ......
11 January 2023
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CLO Markets Daily - 11 January 2023
*EU new issues: Aqueduct European CLO 7’s price guidance out*Eurizon Securitized Bond Fund Z returns -3.47% in 2022EUROPEAN PRIMARY MARKET HPSGuidance is available for Aq ............
11 January 2023
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CLO Markets EU Deal Alert - 11 January 2023, 18.30 UK time
Guidance is available for Aqueduct European CLO 7-2022, a CLO managed by HPS.The senior notes are guided in the +215bp area.Pricing is targeted for late this week or early next ......
11 January 2023
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CLO Markets Daily - 10 January 2023
*US new issues: senior notes of TCW CLO 2013-1 marketed*Fair Oaks Dynamic Credit Fund returns -9.31% in 2022; fund manager points to CLO triple-B value relative to HY bonds*Deutsche Bank ......
10 January 2023
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CLO Markets US Deal Alert - 10 January 2023, 16.10 UK time
Jefferies is marketing the senior notes of TCW CLO 2013-1, a US BSL CLO managed by TCW Asset Management Company , according to investors.TCW's previous deal, TCW CLO 2022-1, priced ......
10 January 2023
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CLO Markets Daily - 6 January 2023
*EU new issues: Aqueduct 7 pre-marketed*EU triple-As c.10bp tighter in secondary market*Tier 1 primary US CLO SOFR AAA spread forecast to be close to 200bp by the end of the ......
6 January 2023
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CLO Markets US Deal Alert - 6 January 2023, 18.45 UK time
RBC Capital Markets is marketing Magnetite XXXIV, a US BSL managed by BlackRock, according to investors.Magnetite XXXV priced on 8 July (triple-As at SOFR+205bp).Magnetite XXXIV’s prelimina ............
6 January 2023
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CLO Markets EU Deal Alert - 6 January 2023, 17.50 UK time
BofA is pre-marketing Aqueduct European CLO 7, a CLO managed by HPS, according to investors.Pricing is expected within the next two weeks.The target par amount is €300m (c.€244m ram ............
6 January 2023
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EU CLO roundup – 2022 data and league tables
2022 in numbers67 European new issues priced in 2022, for a total amount of €26.21bn, down from €38.6bn in 2021 (across 94 transactions). Seven of the 2022 deals were static ......
6 January 2023
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European LL Index forecast to hit 88.0 low in H1 2023
Barclays credit analysts expect the European Leveraged Loan Index (ELLI) to fall to a low 88.0 pt in the first half of 2023, before recovering in the second half to ......
6 January 2023
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CLO Markets US Deal Alert - 5 January 2023, 19.10 UK time
BofA is marketing Palmer Square CLO 2023-1, a reinvesting US BSL CLO managed by Palmer Square Capital Management.Pricing is targeted for the week of January 16, according to investors.The de ......
5 January 2023
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CLO Markets US Deal Alert - 5 January 2023, 17.15 UK time
BNP Paribas is marketing Pikes Peak CLO 12, a US BSL CLO managed by Partners Group. Pricing is targeted for next week, according to investors.Partners Group’s previous US deal, Pikes ......
5 January 2023
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NI CLO arbitrage worsens in US, but improves in Europe
The generic excess spread available in new US BSL CLOs declined in December to 10bp (down 31bp from November, dragged lower by a higher cost of debt), while the arbitrage ......
5 January 2023
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CLO Markets US Deal Alert - 4 January 2023, 18.00 UK time
BofA is marketing Benefit Street Partners CLO XXX, a US BSL CLO managed by BSP CLO Management. Pricing is targeted for next week.The manager’s previous deal, Benefit Street Partner ............
4 January 2023
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CLO Markets Daily - 23 December 2022
*US new issues: Tikehau US CLO III upsized to $500.5m from $401.8m*US CLOs likely to end 2022 with negative excess returns across the stack, underperforming liquid credit, according to Barclays*EU ......
23 December 2022
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CLO Markets Daily - 16 December 2022
*EU primary closing for the year after Nassau II pricing*EU spreads soften in secondary market in last days of the week*US new issue triple-A spreads are likely to have peaked, ......
16 December 2022
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CLO Markets US Deal Alert - 16 December 2022, 13.00 UK time
Price talk has been widened for the single-As and triple-Bs of Tikehau US CLO 2022-2, a US static CLO managed by Tikehau Structured Credit Management LLC, according to investors.These two ......
16 December 2022
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CLO Markets EU Deal Alert - 16 December 2022, 17.00 UK time
Bridgepoint CLO IV, a European CLO managed by Bridgepoint Credit Management Ltd, priced via Barclays at the beginning of December, according to market sources.Bridgepoint CLO IV’s pricing d ............
16 December 2022
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CLO Markets US Deal Alert - 14 December 2022, 16.20 UK time
Jefferies is marketing Tikehau US CLO 2022-2, a US BSL CLO managed by Tikehau Structured Credit Management LLC, according to investors.Tikehau will retain a control equity in TKO 22-2, as ......
14 December 2022