CLO Markets

All Update archive

  • CLO Markets Daily – 8 March 2022

    * EU NIs: downsized, shorter Henley VII expected to price on WednesdayEUROPEAN PRIMARY MARKET Napier ParkPrice guidance has been updated for Henley CLO VII, a new European CLO for Napier ......

    8 March 2022

  • CLO Markets EU Deal Alert – 8 March 2022 10.00 UK time

    Price guidance has been updated for Henley CLO VII, a new European CLO for Napier Park. The deal has been downsized by €24.1m, according to investors.The deal’s non-call period has ......

    8 March 2022

  • CLO Markets Daily – 7 March 2022

    * Bain Capital Euro CLO 2020-1 reset pulled* BofA strategists lower their EU refi/reset forecast for 2022 from €35bn to €19bn (implying another 21 to 48 deals)* US NIs: Elmwood ......

    7 March 2022

  • CLO Markets EU Deal Alert – 7 March 2022 10.15 UK time

    Conditions for the optional redemption of Bain Capital Euro CLO 2020-1 will not be satisfied on the redemption date, according to a regulatory notice. The proposed refinancing of the rated ......

    7 March 2022

  • CLO Markets Daily – 4 March 2022

    * European CLO market reopens with upsized Otranto Park and CVC Cordatus XXIII* JPMorgan analysts cut European CLO new issue supply forecast to €25bn from €35bnTHE MARKET THIS WEEK& ............

    4 March 2022

  • CLO Markets EU Deal Alert – 4 March 2022, 16.45 UK time

    Blackstone’s Otranto Park CLO priced this afternoon via BofA.The Class A notes priced at +96bp. Only three tranches had guidance – in the case of the Double As, the final ......

    4 March 2022

  • CLO Markets EU Deal Alert – 4 March 2022, 17.10 UK time

    CVC Cordatus Loan Fund XXIII, a European CLO managed by CVC Credit Partners, priced this afternoon via Jefferies.The marketing effort was said to be focusing yesterday on the triple-A rated ......

    4 March 2022

  • CLO Markets Daily – 3 March 2022

    * CVC Cordatus XXIII and Ortanto Park may price on Friday* SOFR: Absorption of Credit Spread Adjustment (CSA) has resulted in higher new CLO issue spreads in the US, in ......

    3 March 2022

  • CLO Markets EU Deal Alert – 3 March 2022, 11.30 UK time

    CVC Cordatus Loan Fund XXIII, a European CLO managed by CVC Credit Partners, looks set to price on Friday (4 March), according to sources.The marketing effort is now focusing on ......

    3 March 2022

  • CLO Markets EU Deal Alert – 3 March 2022, 10.45 UK time

    Blackstone’s Otranto Park CLO could price tomorrow (4 March), according to market sources.A status update sent to investors this morning showed that the three tranches for which guidance is ............

    3 March 2022

  • EU CLO roundup - February 2022

    *EU CLO new issuance reaches €5.1bn in February*DZ’s Christopher Schumann points to resilience of CLOs (with low volatility and very limited exposure to Ukraine/Russia)*Jefferies t ............

    3 March 2022

  • CLO Markets Daily – 2 March 2022

    * European senior secondary-market spreads stabilise around 120bp mark, as market awaits pricing of CVC Cordatus XXIII (now said to be guided at 98-100bp)* Mezz investors have pushed back on ......

    2 March 2022

  • CLO Markets Daily – 28 February 2022

    * Effect of the war in Ukraine on the European CLO market will likely be more indirect than direct, according to BofA analysts; EU CLOs exposure to oil and gas ......

    28 February 2022

  • CLO Markets Daily – 25 February 2022

    * Spreads extend slide on Ukraine woes* JPMorgan analysts lower forecast for US CLO net new issue supply to $110-120bn* S&P's proposed capital model to be materially negative for insu ......

    25 February 2022

  • CLO Markets Daily – 24 February 2022

    * Spreads in secondary market under pressure; primary market on hold* Redemption of Tikehau V consideredMARKET COMMENTMarket conditions soured today, but EU CLO spreads held up quite well, according ......

    24 February 2022

  • CLO Markets US Deal Alert - 24 February 2022, 21.00 UK time

    Symphony CLO XXXII, a US CLO managed by Symphony Alternative Asset Management, has priced via Credit Suisse.Pricing details: & ............

    24 February 2022

  • CLO Markets Daily – 23 February 2022

    * EU NI: Guidance out for Henley VII, KKR’s AVOCA 26 and Spire’s Aurium IX priced* EU resets: St. Paul's CLO IX’s reset pricedEUROPEAN PRIMARY MARKET Na ............

    23 February 2022

  • CLO Markets EU Deal Alert - 23 February 2022, 13.50 UK time

    Price guidance has been released for Henley CLO VII, a new European CLO for Napier Park.Pricing is targeted for the end of this week via Jefferies, according to sources.According to ......

    23 February 2022

  • CLO Markets EU Deal Alert - 23 February 2022, 16.30 UK time

    The reset of St. Paul's CLO IX has priced via Jefferies. All Classes of notes priced outside of guidance.A sub-class of A2 notes, with a Euribor cap, has been added ......

    23 February 2022

  • CLO Markets EU Deal Alert - 23 February 2022, 17.00 UK time

    KKR’s Avoca CLO XXVI has priced via BofA. The Class A notes – for which some protection was in place – priced at +94bp, outside guidance.The equity piece of the ......

    23 February 2022

  • CLO Markets EU Deal Alert - 23 February 2022, 17.45 UK time

    Spire Management Limited’s Aurium CLO IX has priced via Credit Suisse.The Class A notes priced at +95bp, compared to IPTs set in the low 90s.The equity piece of the final ......

    23 February 2022
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