CLO Markets

All Update archive

  • 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

  • CLO Markets EU Deal Alert - 14 December 2022, 15.25 UK time

    Nassau Euro CLO II has priced via Jefferies.As previously reported, the deal has been upsized by c.€50m.The deal has a 2NC/2RP term structure. The subordinated notes are retained by ............

    14 December 2022

  • Static CLOs - unloved but useful

    Overall primary CLO issuance dropped in 2022, but one small part of the market grew: static CLOs. This was chiefly an adaptation to very adverse market conditions as static CLOs ......

    14 December 2022

  • Around 20% of US CLO triple-Bs at risk of losing IG rating

    Around 20% of US CLO triple-B tranches could be at risk of losing their investment grade rating, while c.25% of US double-Bs are at risk of downgrade, according to BNP ......

    14 December 2022

  • CLO Markets Daily - 14 December 2022

    *EU new issues: Nassau II priced*Static CLOs, unloved but useful* Around 20% of US CLO triple-Bs at risk of losing IG rating, say BNPP strategists*US new issues: Tikehau US CLO ......

    14 December 2022

  • CLO Markets Daily - 13 December 2022

    *EU new issues: Nassau Euro CLO II upsized*BofA US strategists no longer optimistic that US banks will be programmatic buyers of CLO triple-As next year; Japanese bank demand unlikely to ......

    13 December 2022

  • CLO Markets US Deal Alert - 13 December 2022, 10.10 UK time

    Barclays is marketing Silver Point 1, an inaugural US BSL CLO for Silver Point. Pricing is targeted for next week, according to investors. &am ............

    13 December 2022

  • CLO Markets EU Deal Alert - 13 December 2022, 9.45 UK time

    Nassau Euro CLO II has been upsized by c.€50m and is expected to go subject today, according to investors. Pricing is targeted for either today or tomorrow via Jefferies. A ......

    13 December 2022

  • EU CLO single-A and equity outperform AA and B on a total return basis

    An increasing 3-month EURIBOR rate, high carry (relative to corporates) and - for equity - stable cash distributions have benefited investors in terms of higher interest income and have noticeably ......

    12 December 2022

  • CLO Markets Daily - 8 December 2022

    *EU new issues: Nassau II targeting to price on Monday*EU double-Bs outperform in secondary market after lagging recent rebound; in US, Pretium says that most investors who are allocating to ......

    9 December 2022

  • CLO Markets EU Deal Alert - 9 December 2022, 17.45 UK time

    Nassau Euro CLO II is now expected to price on Monday afternoon, according to investors. An update distributed on Thursday suggested that Jefferies, the arranger, hoped to be able to ......

    9 December 2022

  • CLO Markets US Deal Alert - 9 December 2022, 16.35 UK time

    Barclays is marketing Guggenheim CLO 2022-2, a BSL CLO managed by Guggenheim Partners Investment Management, LLC. The deal has a 2NC/4RP term structure. Pricing is targeted for 15 December, ......

    9 December 2022

  • CLO Markets US Deal Alert - 8 December 2022, 17.10 UK time

    Rockford Tower CLO 2022-3, a US BSL CLO managed by Rockford Tower Capital Management (King Street), has priced via BofA. In the final structure, the equity piece is sized at ......

    8 December 2022

  • CLO Markets EU Deal Alert - 8 December 2022, 15.35 UK time

    A deal update is circulating for Nassau Euro CLO II, according to investors. Jefferies, the arranger, is focusing its marketing effort on the triple-B and double-B rated tranches, the same ......

    8 December 2022

  • CLO Markets Daily - 8 December 2022

    *EU new issues: Nassau II may price tomorrow*The Morningstar LSTA U.S. Leveraged Loan Index default rate could rise to 2.5% by September 2023, from 0.78% in October 2022, according to ......

    8 December 2022

  • CLO Markets Daily - 6 December 2022

    *EU new issues: HayFin and Bridgepoint quietly price new deals*Trading activity for the median EU manager has declined to around 0.5% to 0.6% per months compared to around 2.9% in ......

    6 December 2022

  • CLO Markets EU Deal Alert - 6 December 2022, 14.00 UK time

    HayFin Emerald Management appears to have priced a new European CLO last week via Jefferies. A market source described the HayFin Emerald CLO XI transaction as “mostly private& ............

    6 December 2022

  • CLO Markets Daily - 2 December 2022

    *Investors show little appetite for new deals, while expressing concern over size of investor base next year; Barclays analysts’ spread forecast adds to gloom*Investcorp acquires Marble Poi ............

    2 December 2022

  • Investcorp acquires Marble Point Credit Management

    Investcorp has agreed to acquire Marble Point Credit Management, a US-based CLO manager and an affiliate of Eagle Point Credit Management LLC. Specific terms of the transaction were not disc ......

    2 December 2022

  • CLO Markets Daily - 1 December 2022

    *SCI EU CLO monthly: SG co-arranges first EU CLOs since GFC, showing readiness to deploy its balance sheet for clients, says Societe Generale’s Adrian Luput*Barclays credit analyst ............

    1 December 2022

  • EU CLO roundup - November 2022

    *EU new CLO issuance reaches €3bn in November*SG co-arranges first EU CLOs since GFC, showing readiness to deploy its balance sheet for clients, says Societe Generale&r ............

    1 December 2022
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