CLO Markets

All Update archive

  • CLO Markets Daily – 30 June 2022

    * EU new issues: Alcentra joins increasingly busy pipeline* US new issues: AGL 20’s senior notes price at SOFR+190bp vs. +160bp for AGL 19 on 1 JuneEUROPEAN PRIMARY MARKET Alcentra ......

    30 June 2022

  • CLO Markets Daily – 29 June 2022

    * EU new issues: Investcorp in market with €123m ramped Harvest XXIX* EU CLO double-Bs looking increasingly attractive, says TwentyFour AM* US new issues: guidance out for LCM 38EUROPEAN PRI ......

    29 June 2022

  • EU CLO double-Bs looking increasingly attractive, says TwentyFour AM

    The effective yield of European double-B-rated CLOs has increased from 6.2% in January to 11.9% today, which “stacks up quite nicely to the Euro HY index at just south of ......

    29 June 2022

  • CLO Markets EU Deal Alert – 29 June 2022, 13.20 UK time

    Credit Suisse is marketing Harvest CLO XXIX, a European CLO managed by Investcorp. Pricing is targeted for the end of next week, according to investors.The deal has a non-call period ......

    29 June 2022

  • CLO Markets Daily – 28 June 2022

    * EU triple-As secondary spreads more entrenched in 200s, moving again goal posts for new issues* EU issuance: Current liability spreads and lack of primary loan supply cast a doubt ......

    28 June 2022

  • CLO Markets Daily – 27 June 2022

    * EU new issues: BNPP AM Euro CLO 2022 marketed* Some European CLO managers seem to have been too early to buy the dip in March, say BofA strategistsEUROPEAN PRIMARY ......

    27 June 2022

  • Some European CLO managers may have been too early to buy the dip in March, says BofA

    Some European CLO managers seem to have been too early to buy the dip in March, say BofA strategists in a study in which they highlight that trading activity has ......

    27 June 2022

  • CLO Markets EU Deal Alert – 27 June 2022, 18.50 UK time

    Citi is marketing BNPP AM Euro CLO 2022, a deal that was first rumoured back in February.The deal is notable for having a non-call period and a reinvestment period of ......

    27 June 2022

  • CLO Markets Daily – 24 June 2022

    * EU new issues: Barings 2022-1 resurfaces; Sound Point in the market with static deal * European CLO MV metrics have declined considerably, underperforming US CLOs, according to Barclays an ......

    24 June 2022

  • CLO Markets EU Deal Alert – 24 June 2022, 17.20 UK time

    Barings is back in the market with Barings Euro CLO 2022-1, a European CLO arranged by Goldman Sachs. Pricing is targeted for July, according to investors.Details of this deal first ......

    24 June 2022

  • CLO Markets Daily – 23 June 2022

    * CVC plans to issue new EU CLO “in the next month”* EU CLO triple-As continue to drift wider in secondary market* VanEck launches actively managed CLO ETF, sub-advised by ......

    23 June 2022

  • CLO Markets Daily – 22 June 2022

    * EU CLO spreads in secondary market at YTD wides* US CLO triple-As remain attractive versus Corporate IG, while the rest of the stack trades rich compared with corporates, according ......

    22 June 2022

  • CLO Markets Daily – 21 June 2022

    * EU new issues: Sound Point IX 47.9% ramped* US CLO mezzanine bonds appear rich relative to high-yield and other non-IG products such as CRT M2, say BofA US strategists ......

    21 June 2022

  • CLO Markets EU Deal Alert – 21 June 2022 15.00 UK time

    More details have emerged on Sound Point Euro CLO IX, a European static deal marketed by Deutsche Bank.According to investors, the portfolio’s par amount is expected to be €400m, w ......

    21 June 2022

  • CLO Markets Daily – 20 June 2022

    * EU new issues: Sound Point considering static deal* Some 27.7% of the 1492 US BSL CLO deals reviewed by CLO Research have a negative equity NAV; some 87.0% of ......

    20 June 2022

  • CLO Markets Daily – 17 June 2022

    * Global ABS conference brings EU market to standstill* ARESE 2013-6A ARR and EGLXY 2018-6X A cover today half a point lower than last week* Group of investment banks and ......

    17 June 2022

  • CLO Markets Daily – 15 June 2022

    * In volatile markets investors do have control over a few parameters, says AXA IM’s Olivier Pons* EU “print and sprint” CLOs looking like desperate trades, says Aegon&a ............

    15 June 2022

  • CLO Markets Daily – 14 June 2022

    * Global ABS conference starts in Barcelona* ESG: The direction of travel is clear, says White & Case’s Chris McGarry* Some performance metrics more useful than others, CLO managers ............

    14 June 2022

  • CLO Markets US Deal Alert – 14 June 2022, 8.00 UK time

    JPMorgan is marketing a new BSL US CLO for Palmer Square, called Palmer Square CLO 2022-3.The deal is EU risk-retention compliant, but the issuer is domiciled in the Cayman Islands, ......

    14 June 2022

  • CLO Markets US Deal Alert – 13 June 2022, 17.30 UK time

    Tikehau is marketing its second US CLO via Jefferies, according to investors. The Class A1 tranche is c.0.53x done at SOFR+185bp, according to the same sources.The transaction, called Tikehau US ......

    13 June 2022

  • CLO Markets Daily – 10 June 2022

    * EU CLO spreads stable to firmer in secondary market for most of the week* Barclays and JPM cut Issuance forecasts* Just over 20% of Black Diamond’s EU CLO portfolio ......

    10 June 2022
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