CLO Markets
All Update archive
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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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CLO Markets US Deal Alert – 26 September 2022, 14.50 UK time
Goldman Sachs is premarketing the triple-As of Danby Park, a US BSL CLO managed by Blackstone Liquid Credit Strategies.The notes are guided at SOFR+190-200bp and are around one third covered ......
26 September 2022
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CLO Markets Daily – 23 September 2022
*EU new issues: Guidance out for GoldenTree 6; Contego X priced*CLO AAAs/AAs/As unaffected when stress-tested against recent downturns, Barclays finds*US new issues: Muzinich’s inaugural CL ............
23 September 2022
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CLO Markets EU Deal Alert – 23 September 2022, 15.45 UK time
Guidance is available for GoldenTree Loan Management EUR CLO 6, a CLO managed by GoldenTree.Pricing is targeted for the end of next week or the beginning of the following week, ......
23 September 2022
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CLO Markets EU Deal Alert – 23 September 2022, 8.30 UK time
Contego CLO X priced on Thursday via Barclays.The deal’s final size is €305.8m, down from the €356.25m indicated last week. The Class A notes priced at +200bp, wider than ......
23 September 2022
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CLO AAAs/AAs/As unaffected when stress-tested against recent downturns, Barclays finds
CLO triple-As and double-As remain intact under different scenarios that shock their underlying collateral, Barclays' US credit analysts found after stress-testing a sample of deals based on ............
23 September 2022
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CLO Markets Daily – 22 September 2022
*EU new issues: senior notes of Bosphorus VII (1NC/1RP) price at +200bp; GoldenTree 6 details emerge; Arbour 11 guidance out*US MM CLOs: senior notes of Owl Rock VIII (2NC/4RP) price ......
22 September 2022
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CLO Markets EU Deal Alert – 22 September 2022, 18.00 UK time
Bosphorus CLO VII, a European CLO managed by Cross Ocean Adviser LLP, has priced via Deutsche Bank. The Class A notes priced at +200bp.The deal is notable for its reinvestment ......
22 September 2022
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CLO Markets EU Deal Alert – 22 September 2022, 11.45 UK time
Details have emerged of GoldenTree Loan Management EUR CLO 6, a CLO managed by GoldenTree.Several investors have mentioned this transaction, but noted that most of what they have seen or ......
22 September 2022
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CLO Markets EU Deal Alert – 21 September 2022, 19.45 UK time
Price guidance is circulating for Oaktree’s Arbour CLO XI.The Class A notes are guided at 185-190bp, 5bp wider than the whispers that circulated last week.The guidance levels for the lower ......
21 September 2022
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CLO Markets Daily – 21 September 2022
*EU new issues: Partners Group markets 25.6% ramped Penta 12 (1.5NC/4.4RP)EUROPEAN PRIMARY MARKET Partners GroupMorgan Stanley is now formally marketing Penta CLO 12, a European CLO of & ............
21 September 2022
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CLO Markets EU Deal Alert – 21 September 2022, 14.30 UK time
Morgan Stanley is now formally marketing Penta CLO 12, a European CLO of €345m managed by Partners Group.Price thoughts are available for all tranches except the Class A notes, of ......
21 September 2022
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CLO Markets Daily – September 2022
*Risk in EU triple-A rated CLO tranches currently underpriced if equity markets turn out to be correct in their assessment, according to BIS report*EU new issues: IPTs emerge for Contego ......
20 September 2022
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Tail risk in European markets may be underestimated by CLO investors, says BIS
Tail risk in European markets may be underestimated by CLO investors and EU CLO triple-As may be mispriced, the Bank for International Settlements (BIS) suggests in its quarterly review.A sub-section ......
20 September 2022
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CLO Markets EU Deal Alert – 20 September 2022, 14.30 UK time
Initial price thoughts have emerged for Contego CLO X. The levels were released at the end of last week, according to investors.IPTs on the triple-Bs and double-Bs have been set ......
20 September 2022
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RRE 14's excess interest under pressure
RRE 14 Loan Management, a European CLO managed by Redding Ridge that priced on Friday, has much less excess interest than the manager’s more recent deals, KBRA’s presale report sh ......
20 September 2022
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CLO Markets US Deal Alert – 20 September 2022, 9.20 UK time
Credit Suisse is marketing Madison Park Funding LIV, a US CLO of c.$398m managed by CSAM.Pricing is targeted for 29 September, according to investors.The issuer is domiciled in the Cayman ......
20 September 2022
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CLO Markets Daily – 16 September 2022
*EU new issues: PSTET 2022-3, Carlyle 22-5, RRE 14 and Trinitas III priced; Bosphorus CLO VII expected to price next week*JPMorgan analysts see a "rising probability" of a miss to ......
16 September 2022
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CLO Markets EU Deal Alert – 16 September 2022, 18.00 UK time
Bosphorus CLO VII, a European CLO managed by Cross Ocean Adviser LLP, is expected to price next week.The triple-As, triple-Bs and single-Bs are subject, while the double-As and single-As were ......
16 September 2022
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CLO Markets EU Deal Alert – 16 September 2022, 17.25 UK time
Carlyle Euro CLO 2022-5 priced this afternoon via BNP Paribas.The Class A notes priced at +195bp; this tranche had a sizeable lead interest.The deal, managed by Carlyle CLO Management Europe, ......
16 September 2022
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CLO Markets EU Deal Alert – 16 September 2022, 17.00 UK time
Redding Ridge’s RRE 14 Loan Management has priced via Goldman Sachs. RBC acted as placement Agent and Apollo as co-placement agent.The Class A1 notes priced at +200bp. The deal has ......
16 September 2022