CLO Markets

All Update archive

  • 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

  • CLO Markets EU Deal Alert – 19 April 2022 16.00 UK time

    Jefferies is marketing the reset of CSAM's Madison Park Euro Funding XV. The roll deadline is on Thursday (21 April). Pricing is targeted for next week, according ............

    19 April 2022

  • CLO Markets Daily – 14 April 2022

    * EU new issues: ICG Euro CLO 2022-1’s senior notes price at +115bp* EU secondary market firmer* The allure of leveraged loans may fade, warns PennMutual Asset ManagementTHE MARKET THIS ......

    14 April 2022

  • CLO Markets EU Deal Alert – 14 April 2022 17.15 UK time

    ICG Euro CLO 2022-1, a CLO managed by Intermediate Capital Group (ICG), priced today via Citi.The triple-As priced at +115bp – the tranche was c.0.9x covered at that level at ......

    14 April 2022

  • CLO Markets Daily – 13 April 2022

    * EBA sticks to provision forcing retention vehicles to have broader income stream* US new issues: senior triple-As of Blackstone’s Unity-Peace Park CLO price at SOFR+142bpEU REGULATIONSRet ............

    13 April 2022

  • EBA sticks to provision forcing retention vehicles to have broader income stream

    The European Banking Authority (EBA) has decided to go ahead with its original plan and stick to a restrictive approach to risk retention in its final draft technical standards.The Securitisation ......

    13 April 2022

  • CLO Markets Daily – 12 April 2022

    * Tone firmer in EU CLO secondary market* US new issues: Carlyle US CLO 2022-2's senior notes price at SOFR+146bpSECONDARY MARKETThe tone in the European CLO secondary market was positive ......

    12 April 2022

  • CLO Markets US Deal Alert - Carlyle US CLO 2022-2 priced

    Carlyle US CLO 2022-2 priced late on Monday via Citi. The senior notes priced at SOFR+146bp, while the junior triple-As priced at SOFR+170bp.Carlyle priced a new issue with the same ......

    12 April 2022

  • CLO Markets Daily – 11 April 2022

    * EU CLO: PGIM in market with Dryden 96, close on the heels of Dryden 91* Median equity NAV of EU CLOs down to 45.9% from 60.2% in early February, ......

    11 April 2022

  • CLO Markets EU Deal Alert – 11 April 2022 12.00 UK time

    BNP Paribas is marketing Dryden 96 Euro CLO 2021 for PGIM.The triple-B notes are talked at 425-430bp, according to investors. Pricing is expected next weekThe deal has a 2-year RP/ ......

    11 April 2022

  • CLO Markets EU Deal Alert – BlackRock XIII priced

    Blackrock European CLO XIII priced today via BofA. The Class A1 notes priced at E+115bp. Euribor is capped at 2.35% for the Class A2 notes - they priced at E+140bp.The ......

    7 April 2022

  • CLO Markets EU Deal Alert – 5 April 2022 18.45 UK time

    Blackrock European CLO XIII is expected to price on Thursday, according to investors.Earlier today the top rated tranches were subject, while guidance is available for the triple-Bs down to single-Bs ......

    5 April 2022

  • CLO Markets EU Deal Alert – 4 April 2022 18.15 UK time

    Citi is marketing ICG Euro CLO 2021-2, a CLO managed by Intermediate Capital Group (ICG).Pricing is targeted for next week, according to investors. The triple-As were c.0.9x covered at 115bp ......

    4 April 2022

  • CLO Markets Daily – 1 April 2022

    * Secondary market spreads firmer; unattractive arbitrage hinders new issuance* EU new issues: KKR in market with second deal of the year, Avoca CLO XXVII* JPMorgan analysts revise US CLO ......

    1 April 2022

  • CLO Markets EU Deal Alert – 1 April 2022 8.30 UK time

    Morgan Stanley is marketing Avoca CLO XXVII, a European CLO managed by KKR.Pricing is targeted for the first half of April, according to investors.The deal has c.4-year RP/ c.1.5-year NC ......

    1 April 2022

  • CLO Markets Daily – 31 March 2022

    * EU CLOs: Permira reverting to “more traditional ramp strategy” for Providus VII; BCCE 2022-1’s senior notes price at +124bpEUROPEAN PRIMARY MARKET PermiraBarc ............

    31 March 2022

  • CLO Markets EU Deal Alert – 31 March 2022 14.45 UK time

    Barclays has changed tack for Permira's Providus CLO VII and is not seeking to price the deal just now, according to sources.“Given the movement in asset prices over the past ......

    31 March 2022

  • CLO Markets EU Deal Alert – 31 March 2022 17.30 UK time

    Bain Capital Euro CLO 2022-1 has priced via Credit Suisse. The manager is Bain Capital Credit U.S. CLO Manager, LLC, Series C.The Class A notes priced at +124bp.As previously ......

    31 March 2022

  • CLO Markets Daily – 30 March 2022

    * Bain Capital Euro CLO 2022-1 upsized to €416.22m from €401.4m originally; pricing slated for tomorrow* First Eagle Investments announces definitive agreement to acquire Napier Par ............

    30 March 2022

  • CLO Markets EU Deal Alert – 30 March 2022 14.45 UK time

    Bain Capital Euro CLO 2022-1 is expected to price on Thursday (31 March), according to investors.All tranches were subject earlier today, except the Class D (which was due to go ......

    30 March 2022

  • CLO Markets Daily – 29 March 2022

    * EU CLOs: Invesco Euro CLO VIII announced* US CLOs tend to have greater extension risk than Euro CLOs as they have more flexible post-Reinvestment language, says BNP Paribas* Negative ......

    29 March 2022
×