CLO Markets
All Update archive
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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
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CLO Markets EU Deal Alert – 29 March 2022 13.00 UK time
Jefferies is marketing Invesco Euro CLO VIII, according to investors. Pricing is targeted for early-mid April.The debt tranches are available, a minority equity interest is available. The deal is siz ......
29 March 2022
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CLO Markets Daily – 28 March 2022
* Bain marketing EU new issue with 2-year NC, Bain Capital Euro CLO 2022-1* EU resets: Trinitas II priced* Altice accounts for c.1.6% of all EU CLO collateral, Ineos c.1.5%, ......
28 March 2022
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CLO Markets EU Deal Alert – 28 March 2022 10.00 UK time
Partners Group’s Penta CLO 11 formally priced on Friday (25 March) via Citi. Final levels had been released earlier in the day.The deal has a 3yr RP/1.5-NC term structure.Partners Group ......
28 March 2022
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CLO Markets EU Deal Alert – 28 March 2022 16.30 UK time
Credit Suisse is marketing Bain Capital Euro CLO 2022-1, according to investors.The deal bucks the recent trend with a non-call period of 2 years. Pricing is targeted for the end ......
28 March 2022
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CLO Markets EU Deal Alert – 28 March 2022 16.45 UK time
The reset of Trinitas Euro CLO II (formerly known as MacKay Shields Euro CLO-2) priced this afternoon via BNP Paribas. Only coupons were published.The deal has a 3-year RP/ 1.5-year ......
28 March 2022
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CLO Markets Daily – 25 March 2022
*ESG: Permira breaking new ground with inclusion of Moody’s ESG score in Providus VII deal; meanwhile Barclays analysts argue that standardisation of disclosures is essential to ESG credibi ............
25 March 2022
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CLO Markets EU Deal Alert – 25 March 2022 11.00 UK time
Barclays is marketing Providus CLO VII, a European CLO managed by Permira.The deal includes some ESG focused eligibility criteria and collateral quality tests. More specifically, the transaction incl ............
25 March 2022
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CLO Markets EU Deal Alert – 25 March 2022 15.45 UK time
PGIM’s Dryden 91 Euro CLO 2021 priced today via Citi. The senior notes priced at +120bp.The deal was upsized to €507.15m.The deal has a 3-year RP/1-year NC structure.PGIM reset in ......
25 March 2022
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CLO Markets EU Deal Alert – 25 March 2022 16.25 UK time
Final levels have been released for Partners Group’s Penta CLO 11, according to investors. The deal has a 3yr RP/1.5-NC term structure.The deal is marketed by Citi.Partners Group priced on ......
25 March 2022
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CLO Markets EU Deal Alert – 25 March 2022 17.10 UK time
AlbaCore Euro CLO IV priced this afternoon via Jefferies. The deal is managed by AlbaCore Capital.The Class A notes priced at +112bp (€60m of triple-As are issued in loan format).The ......
25 March 2022
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CLO Markets Daily – 23 March 2022
* EU new issues: Albacore IV pricing targeted for Thursday or Friday; triple-As' NC period set to be longer than NC period of lower rated notes* US new issues: BLUEMOUNTAIN ......
23 March 2022
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CLO Markets EU Deal Alert – 23 March 2022 12.30 UK time
AlbaCore Euro CLO IV is now expected to price on Thursday or Friday, according to investors.An update sent to investors also indicates that the Class A notes' non-call period will ......
23 March 2022
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CLO Markets Daily – 22 March 2022
* EU new issues: Penta 11 marketing slated for pricing this week* BofA strategists maintain EU new issue CLO forecast at €37bn; cut refi/reset forecast from €35bn to €19bn* ............
22 March 2022
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CLO Markets EU Deal Alert – 22 March 2022 10.15 UK time
Citi aims to price Partners Group's Penta CLO 11 by the end of this week, according to investors. The deal has a 3yr RP/1.5-NC term structure. Closing is expected on ......
22 March 2022
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CLO Markets Daily – 18 March 2022
* Busy week for EU new issues, Goldman stages comeback* Heavy BWIC supply pushes EU CLO triple-A spreads wider* European CLOs' NAVs decline by 23% to 36%, according to DB* ......
18 March 2022
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CLO Markets Daily – 17 March 2022
* EU new issues: Harvest XXVIII Hayfin IX and PSTET 2022-2 priced; Barings 22-1 marketed* EU resets: €210.6m MacKay Shield 2 morphing into €401.9m Trinitas Euro CLO IIEUROPEAN PRIMA ............
17 March 2022
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CLO Markets EU Deal Alert – 17 March 2022 13.45 UK time
Harvest CLO XXVIII, a European CLO managed by Investcorp, has priced via Jefferies.The senior notes priced at +110bp, the wide end of original guidance. The structure also includes €50m of ......
17 March 2022
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CLO Markets EU Deal Alert – 17 March 2022 13.00 UK time
BNP Paribas is marketing the reset of Trinitas Euro CLO II (formerly known as MacKay Shields Euro CLO-2). IPTs are available. Pricing is expected next week, according to investors.The deal ......
17 March 2022
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CLO Markets EU Deal Alert – 17 March 2022 14.50 UK time
Goldman Sachs is marketing Barings Euro CLO 2022-1, a European CLO managed by Barings UK Limited.Pricing is targeted for the first half of April, subject to market conditions, according to ......
17 March 2022
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CLO Markets EU Deal Alert – 17 March 2022 11.15 UK time
Hayfin Emerald CLO IX has priced via BofA.Part of the Class A notes are being issued in loan format – the coupon of the Class A notes and the A-Loan ......
17 March 2022