CLO Markets

All Update archive

  • CLO Markets Daily – 7 October 2022

    *EU new issues: AXA in market with static deal, Adagio X EUR CLO*EU triple-A/double-A spread recover despite continued selling*EU CLO roundup: new transactions with an attractive arbitrage emerging i ............

    7 October 2022

  • CLO Markets EU Deal Alert – 7 October 2022, 14.15 UK time

    Barclays is marketing Adagio X EUR CLO, a static CLO of €324.85m managed by AXA Investment Managers US Inc.Pricing is targeted for the beginning of the week of 17 October, ......

    7 October 2022

  • EU CLO roundup - September 2022

    *EU new issuance reaches €2.23bn in September*New transactions with an attractive arbitrage emerging in the US, says CIS Asset Management (Deutschland)September finished on a low note, with ............

    7 October 2022

  • CLO Markets Daily – 5 October 2022

    *EU triple-As c.10bp tighter today in secondary market*After last week’s big sell-off, bottom in valuations seems to have been found for now, says TwentyFour AM*US new issues: Price guidanc ............

    5 October 2022

  • CLO Markets Daily – 4 October 2022

    *EU new issues: senior notes of Penta CLO 12 price at +220bp DM*Spreads firmer in secondary market*BNPP strategists recommends buying short-dated EU senior CLO bonds (AAA/AA/As) and triple-A US CLOs* ......

    4 October 2022

  • CLO Markets EU Deal Alert – 4 October 2022, 19.20 UK time

    Penta CLO 12, a European CLO managed by Partners Group, has priced via Morgan Stanley.The Class A notes priced at a DM of +220bp (E+210bp coupon). Some €50m of Class ......

    4 October 2022

  • CLO Markets Daily – 3 October 2022

    *EU new issues: Penta CLO 12’s deal size shrinks to €293m; price thoughts widened*EU CLO IG spreads cheap after last week's market overreaction, says BofA*76% of loans in U ............

    3 October 2022

  • CLO Markets US Deal Alert – 3 October 2022, 17.00 UK time

    MidOcean Partners is in the market with a EU risk retention compliant deal, called MidOcean Credit CLO XI. The deal is arranged by Natixis; Deutsche Bank acts as co-placement agent.Pricing ......

    3 October 2022

  • CLO Markets EU Deal Alert – 3 October 2022, 15.10 UK time

    Morgan Stanley aims to price this week Penta CLO 12, a European CLO managed by Partners Group.The deal size has shrunk to €293 from €345m, while price thoughts have been ......

    3 October 2022

  • EU CLO IG spreads cheap after last week's market overreaction, says BofA

    Financial markets overreacted last week, forcing a “further divorce between fundamentals, liquidity and prices” in CLO investment grade tranches, especially triple-As down to sing ............

    3 October 2022

  • CLO Markets Daily – 30 September 2022

    *Bleak week as EU spreads widen massively; no forced selling today, bargain prices vanish* Lev loan maturity wall: Refinancing concerns set to grow, especially in lower-quality loans, says Barclays*P ............

    30 September 2022

  • CLO Markets US Deal Alert – 30 September 2022, 17.20 UK time

    Guidance is now available for all the tranches of Danby Park, a US BSL CLO managed by Blackstone Liquid Credit Strategies.Guidance on the Class A notes is wider than the ......

    30 September 2022

  • CLO Markets EU Deal Alert – 29 September 2022, 17.40 UK time

    Citi is marketing CVC Cordatus Loan Fund XXV, a European CLO of c.€391m.The Class A notes are subject. Pricing is targeted for the beginning of the week of 10 October, ......

    29 September 2022

  • CLO Markets US Deal Alert – 29 September 2022, 10.00 UK time

    JPMorgan is marketing Palmer Square CLO 2022-4, a US BSL CLO managed by Palmer Square, according to investors.The deal has a 2NC/5RP term structure.The portfolio’s target par is $500m (c.$2 ......

    29 September 2022

  • CLO Markets Daily – 29 September 2022

    *EU new issues: CVC Cordatus XXV; talk over 50bp wider than Contego X’s pricing levels across the stack*80 handle for EU single-As covers in secondary market*US CLOs: Palmer Square markets ......

    29 September 2022

  • CLO Markets Daily – 28 September 2022

    *EU CLO bond prices slide in secondary market*US new issues: Golub prices dual-currency static middle-market CLO (€70m Class A2 notes at E+200bp)EUROPEAN SECONDARY MARKETSelling pressure in ............

    28 September 2022

  • CLO Markets US Deal Alert – 27 September 2022, 16.15 UK time

    Golub Capital Partners Short duration 2022-1, a dual-currency static middle-market CLO, has priced via Morgan Stanley.Some €70m of euro-denominated Class A2 notes were issued; they pay a cou ............

    28 September 2022

  • Pressure on EU CLO spreads continues unabated

    Selling pressure in the European CLO and ABS markets is not abating today and appears to be driven in large part by pension funds, according to market sources.This is a ......

    28 September 2022

  • CLO Markets US Deal Alert – Fidelity's Ballyrock CLO 21 priced

    Ballyrock CLO 21, a US BSL CLO structured with the intent to comply with EU risk retention rules, priced on Tuesday via BofA. The senior notes priced at SOFR+195bp, in ......

    28 September 2022

  • CLO Markets Daily – 27 September 2022

    *Limited colour on slew of EU BWICs due today but a few covers point to market weakness*BlackRock readies CLO ETF*US new issues: Palmer Square Loan Funding 2022-3 prices after ......

    27 September 2022

  • CLO Markets Daily – 26 September 2022

    *US new issues: senior notes of Blackstone’s Danby Park (2NC/5RP) talked at 190-200bp*EU CLO transactions with high triple-C bucket had a slight tendency in August to buy slightly higher ca ......

    26 September 2022
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