CLO Markets
All Update archive
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EU CLO roundup - October 2022
*EU new issuance reaches €1.95bn in October*During the month, being a CLO investor made more sense than being a CLO issuer, says Capital Four*High BWIC volumes kept pressure on spreads ......
2 November 2022
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CLO Markets Daily – 31 October 2022
*EU new issues: Neuberger Berman Loan Advisers Euro CLO 5 and Oaktree’s Arbour XI price late on Monday; Price talk out for KKR’s Avoca XXVIII; Ares XVI pricing targeted ......
31 October 2022
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CLO Markets EU Deal Alert – 31 October 2022, 15.45 UK time
Citi is marketing Avoca CLO XXVIII, a European CLO managed by KKR Credit Advisors (Ireland). Pricing is targeted for next week, according to investors. Similarly to CVC Cordatus Loa ............
31 October 2022
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CLO Markets EU Deal Alert – 31 October 2022, 20.20 UK time
Oaktree’s Arbour CLO XI priced this evening via Jefferies. The Class A notes priced at a discount margin of +221bp. Several tranches priced inside the guidance levels that ............
31 October 2022
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CLO Markets EU Deal Alert – 31 October 2022, 14.50 UK time
Pricing of Ares European CLO XVI, a CLO managed by Ares Management Ltd, is targeted for Wednesday, according to investors. A status updates distributed earlier today indicated that the doubl ......
31 October 2022
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CLO Markets EU Deal Alert – 31 October 2022, 19.30 UK time
Neuberger Berman Loan Advisers Euro CLO 5 priced late on Monday via Credit Suisse. The senior notes priced at a discount margin of +227bp. The deal has a 1NC/1RP term ......
31 October 2022
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CLO Markets EU Deal Alert – 28 October 2022, 15.55 UK time
Price guidance is circulating for Dryden 103 Euro CLO 2021, according to investors. The senior notes, of which there is limited availability, are guided at 220-230bp.Pricing is targeted for ......
28 October 2022
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CLO Markets EU Deal Alert – 28 October 2022, 16.25 UK time
Oaktree’s Arbour CLO XI looks set to price early next week, probably on Monday, according to investors.The updated guidance that circulated on Thursday points to tighter discount margins fo ............
28 October 2022
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CLO Markets EU Deal Alert - 28 October 2022, 15.40 UK time
Grosvenor Place CLO 2022-1, a European CLO managed by CQS (UK) LLP, has priced via BNP Paribas. The deal has a 1NC/1RP term structure. The final structure has a slightly ......
28 October 2022
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CLO Markets Daily – 28 October 2022
*EU new issues: Guidance out for Dryden 103 Euro CLO 2021 and Ares XVI; Grosvenor Place CLO 2022-1 priced*European CLO equity cashflow still solid with a median payment of 4.2% ......
28 October 2022
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European CLOs share of leveraged loans market rises to 59-61%
European CLOs have increased their share of the leveraged loans market from 56-58% in 2021 to 59-61% today, according to Barclays credit analysts. They think that hedge fund partici ............
28 October 2022
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CLO Markets Daily – 27 October 2022
*US CLOs: senior tranches of PAIA 2022-2 subject*Buying CLO bonds over "real" assets makes sense for private equity firms, says TwentyFour Asset management US PRIMARY MARK ............
27 October 2022
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CLO Markets EU Deal Alert – 28 October 2022, 8.15 UK time
BofA is now formally marketing Ares European CLO XVI, a CLO managed by Ares Management Ltd.Pricing is targeted for early next week, according to investors.Protection exists on certain tranches, accor ......
27 October 2022
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CLO Markets EU Deal Alert – 26 October 2022, 17.15 UK time
CVC is in the market with a new European new issue, CVC Cordatus Loan Fund XXVI, according to investors. Pricing is expected next week. The deal, sized at €381.8m (c.30.5% ......
26 October 2022
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CLO Markets US Deal Alert – 26 October 2022, 9.45 UK time
Goldman Sachs is marketing Carlyle US CLO 2022-6, a US BSL CLO for Carlyle.The deal is not intended to be EU risk retention compliant.The triple-As and double-As were 1x covered ......
26 October 2022
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CLO Markets Daily – 26 October 2022
*EU new issues: CVC Cordatus XXVI announced; CQS’ Grosvenor Place CLO 2022-1 and Oaktree’s Arbour XI set to price by week-end*ELFA launches CLO ESG questionnaire*US new: Carlyle i ............
26 October 2022
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CLO Markets US Deal Alert - 25 October 2022 16.30 UK time
AGL is in the market with a new BSL deal, AGL CLO 23.AGL CLO 23 is structured with the intent to comply with EU risk retention requirements. The Issuer has ......
25 October 2022
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CLO Markets EU Deal Alert – 24 October 2022, 18.10 UK time
Barings Euro CLO 2022-1 has priced via Goldman Sachs. The deal is managed by Barings (U.K.) Ltd. The final size is €301.5m and the term structure 1NC/1RP. Details of this ......
24 October 2022
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CLO Markets Daily – 21 October 2022
*EU primary market shows signs of life* Asset managers participation in EU CLOs could decline by 10 percentage points in Europe, say Barclays analysts*EU CLOs' market value metrics have reached ......
21 October 2022
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CLO Markets US Deal Alert – 21 October 2022, 17.45 UK time
KKR Static CLO II, a US static CLO, has priced via Goldman Sachs. The senior triple-As priced at SOFR+222bp. This is KKR Financial Advisors II’s second static deal this ye ......
21 October 2022
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CLO Markets EU Deal Alert – 21 October 2022, 15.25 UK time
Natixis is marketing the triple-As of Dryden 103 Euro CLO 2021, according to investors.The CLO is managed by PGIM Loan Originator Manager Ltd.PGIM priced a US BCL CLO, Dryden 106 ......
21 October 2022