CLO Markets

All Update archive

  • CLO Markets Daily – 4 May 2022

    * Tone in secondary market remains soft; 2-year EU triple-As trade slightly inside 120bp DM* More opportunities currently arising in secondary market than in the past, says BaringsSECONDARY MARKETThe ............

    4 May 2022

  • CLO Markets Daily – 3 May 2022

    * EU new issues: Invesco 8 guidance updated* New issue EU double-A, single-A and triple-B attractive, say BNPP strategists* Small EU CLO managers have more dispersion in trading activity, according ......

    3 May 2022

  • CLO Markets EU Deal Alert – 3 May 2022 13.45 UK time

    Updated guidance is circulating for Invesco Euro CLO VIII, according to investors.The levels indicated for the low mezz have been brought more in line with the pricing levels of Aurium ......

    3 May 2022

  • CLO Markets Daily – 29 April 2022

    * Hopes that EU CLO triple-A spreads would quickly rally inside 110bp dashed* EU CLOs: Aurium X and Madison 15 reset priced* US new issues: Senior notes of AXA’s Allegro ......

    29 April 2022

  • CLO Markets EU Deal Alert – 29 April 2022 17.00 UK time

    The reset of CSAM’s Madison Park Euro Funding XV priced this afternoon via Jefferies.The Class A notes priced at +115bp, in line with revised guidance. Original guidance was set with ......

    29 April 2022

  • CLO Markets EU Deal Alert – 29 April 2022 17.20 UK time

    Aurium CLO X, a European CLO managed by Spire Management Ltd, has priced via Jefferies. Mizuho was joint bookrunner.The triple-As, double-As and single-As were preplaced. The senior notes priced at ......

    29 April 2022

  • CLO Markets Daily – 28 April 2022

    * EU new issues: Price talk out for Capital Four IV and Northwoods Capital 26* Optional redemption of CBAM’s Bastille 2020-3 considered* US new issues: KKR CLO 42 prices tighter ......

    28 April 2022

  • CLO Markets EU Deal Alert – 28 April 2022 17.45 UK time

    JPMorgan is marketing Capital Four CLO IV, a European CLO managed by Capital Four CLO Management II K/S. The deal has a 1-year NC / 2.1-year RP term structure.Pricing is ......

    28 April 2022

  • CLO Markets EU Deal Alert – 28 April 2022 18.50 UK time

    BofA is marketing Northwoods Capital 26 EURO, a European CLO managed by Northwoods European CLO Management.The deal has a 1-year NC / 2-year RP term structure. Pricing is targeted for ......

    28 April 2022

  • CLO Markets Daily – 27 April 2022

    * EU CLO spreads softer* Redemption of some or all of Cairn CLO VI's rated notes considered; redemption of OHECP 2015-3's rated notes on 12 May cancelled* US new issues: ......

    27 April 2022

  • CLO Markets Daily – 26 April 2022

    * Spire back in market with mostly preplaced deal, Aurium CLO X* Israel’s IBI Investment House and CIFC launch CLO fund* Blackstone holds 100% of Otranto Park CLO sub notes, ......

    26 April 2022

  • CLO Markets EU Deal Alert – 26 April 2022 11.30 UK time (UPDATED)

    Jefferies is marketing Aurium CLO X, a European CLO managed by Spire Management Ltd. Mizuho is joint bookrunner.The triple-As, double-As and single-As have been preplaced. The deal could price as ......

    26 April 2022

  • Blackstone holds 100% Otranto Park CLO sub notes, a first for its BCF vehicle

    Blackstone’s vehicle Blackstone Corporate Funding (BCF) holds all the subordinated notes of Otranto Park CLO, a European new issue that priced in early March via BofA.According to the March ............

    26 April 2022

  • CLO Markets Daily – 25 April 2022

    * Slow start to the week in EU primary and secondary markets* European CLOs continue to offer very attractive carry across the capital structure, with relative value being particularly attractive ......

    25 April 2022

  • CLO Markets Daily – 22 April 2022

    * EU resets: Madison Park Euro Funding XV’s senior notes on track to price at +115bp; NC shifted to 2years* EU new issues: Invesco 8 could price towards end of ......

    22 April 2022

  • CLO Markets EU Deal Alert – 22 April 2022 10.45 UK time

    A status update for the reset of CSAM’s Madison Park Euro Funding XV was sent to investors this morning.The Class A notes are almost covered at +115bp, according to investors. ......

    22 April 2022

  • CLO Markets Daily – 21 April 2022

    * EU new issues: Dryden 96’s 3.5-year senior notes price at +110bp* EU CLO arbitrage and manager styles under scrutiny at London conference * US new issues: Senior notes of ......

    21 April 2022

  • EU CLO arbitrage and manager styles under scrutiny at London conference

    The European CLO new issue market remains open, as debt investors continue to show interest at current spreads but equity investors are much more difficult to get onboard as the ......

    21 April 2022

  • CLO Markets EU Deal Alert – PGIM's Dryden 96 priced

    PGIM’s Dryden 96 Euro CLO 2021 priced today via BNP Paribas.The deal has a 2-year RP/ 1-year NC term structure. This allowed the triple-A notes to price at +110bp (3.5-year ......

    21 April 2022

  • CLO Markets US Deal Alert - 20 April 2022, 16.45 UK time

    CIFC Funding 2022-IV, a US CLO managed by CIFC Asset Management, has priced via BofA.The senior notes priced at SOFR+143bp, wider than the SOFR+132bp of CIFC Funding 2022-II (priced on ......

    20 April 2022

  • CLO Markets Daily – 19 April 2022

    * Madison Park Euro Funding XV reset marketed* EU CLO equity NAV has declined sharply, but cash distributions to equity holders have held up well despite the recent market turmoil, ......

    19 April 2022
×