CLO Markets
All Update archive
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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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CLO Markets Daily – 22 February 2022
* Guidance out for CVC Cordatus XXIII* Secondary market spreads under pressure* Neuberger Berman prices US CLO domiciled in Jersey, EU risk retention compliantEUROPEAN PRIMARY MARKET CVCJeff ............
22 February 2022
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CLO Markets EU Deal Alert - 22 February 2022, 14.30 UK time
Jefferies is marketing CVC Cordatus Loan Fund XXIII, a European CLO managed by CVC Credit Partners.Pricing is targeted for the beginning or the middle of next week, according to investors.The ......
22 February 2022
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CLO Markets Daily – 21 February 2022
* Wider spreads in QT environment could adversely impact OC and MVOC ratios, which would likely have a negative impact on equity and single-B investors, says BofA.RESEARCHEU CLO and QTThe ......
21 February 2022
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CLO Markets EU Deal Alert - 21 February 2022, 15.00 UK time
Initial price thoughts are circulating for North Westerly VIII ESG CLO, a new European CLO for NIBC Bank, sources said.The senior tranches are indicated as “call desk”. Sources sa ............
21 February 2022
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CLO Markets Daily – 18 February 2022
* EU triple-As widen in secondary market, primary market holding up better; mezz slide* US bank holdings of CLOs increase by 73% increase (bonds in loan format included) in 2021; ......
18 February 2022
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CLO Markets EU Deal Alert - 18 February 2022, 11.00 UK time
Cairn CLO XV priced late on Thursday via Jefferies.The triple-A rated priced at +92bp. Severall tranches, such as the single-A rated notes, priced wider than original and revised guidance.This is ......
18 February 2022
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CLO Markets EU Deal Alert - 18 February 2022, 11.30 UK time
KKR’s Avoca CLO XXVI is now expected to price early next week via BofA, according to investors.Guidance has been widened on several tranches, according to the same sources.The Class A ......
18 February 2022
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CLO Markets EU Deal Alert - 18 February 2022, 17.15 UK time
The reset of Barings Euro CLO 2019-1 priced this afternoon via Citi. The Class A notes priced at +96bp, broadly in line with price talk. In contrast, the other tranches ......
18 February 2022
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CLO Markets Daily – 17 February 2022
* North Westerly VIII pre-marketed* Eagle Point thinks impact from switch to SOFR from Libor not meaningful and differences in base rates matter little over a long periodEUROPEAN PRIMARY MARKET&n ......
17 February 2022
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CLO Markets EU Deal Alert - 17 February 2022, 12.00 UK time
Morgan Stanley has started showing investors North Westerly VIII, a new European CLO for NIBC Bank, sources said.NIBC placed with investors one new CLO last year (NWEST VII). It reset ......
17 February 2022
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CLO Markets Daily – 16 February 2022
* The single-B rated notes breach 1,000bp mark with Penta 3 reset* Price talk out for Fidelity Grand Harbour CLO 2019-1* Blackstone Loan Financing Limited fund returns in 2022 to ......
16 February 2022
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CLO Markets EU Deal Alert - 16 February 2022, 17.45 UK time
The reset of Penta CLO 3 priced today via JPMorgan.No cash price or DM were released. An investor said that the cash price of the single-B rated notes was expected ......
16 February 2022
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CLO Markets EU Deal Alert - 16 February 2022, 18.45 UK time
Price talk has been released for the reset of Grand Harbour CLO 2019-1, according to investors. The Class A notes are talked in the +94bp area.Pricing is targeted for the ......
16 February 2022
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CLO Markets Daily – 15 February 2022
* EU NI: Henley VII announced; Cairn CLO XV’s triple-As subject at 92, mezz talk widened* US CLO equity distributions show strong fundamentals persist, says DBEUROPEAN PRIMARY MARKET&nb ............
15 February 2022
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CLO Markets EU Deal Alert - 15 February 2022, 12.00 UK time
Jefferies is marketing Henley CLO VII, a new European CLO for Napier Park. Pricing is targeted for this month, according to investors.The senior tranche has 41.8% of credit enhancement – ......
15 February 2022
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CLO Markets EU Deal Alert - 15 February 2022, 13.00 UK time
Citi is marketing the triple-A rated notes of the reset of Grand Harbour CLO 2019-1. Pricing targeted for next week, according to investors.The deal is now called Fidelity Grand Harbour ......
15 February 2022
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CLO Markets EU Deal Alert - 15 February 2022, 15.30 UK time
Price guidance has been widened on Cairn CLO XV’s single-A, double-B and single-B rated notes, according to investors.The Class A notes, which were guided at +90bp last Wednesday, are now ......
15 February 2022
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CLO Markets Daily – 14 February 2022
* EU NI: Upsized Sound Point VIII and RRME 11 price* EU resets: BCCE 2020-1 set to price by end of week* Lower floor value likely to create a sort ......
14 February 2022
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CLO Markets EU Deal Alert - 14 February 2022, 9.30 UK time
RRE 11 Loan Management, a European CLO managed by Redding Ridge Asset Management (UK) LLP, priced late on Friday via Citi.Two tranches were not offered and some Classes were subject ......
14 February 2022
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CLO Markets EU Deal Alert - 14 February 2022, 17.30 UK time
Sound Point Euro CLO VIII priced today via Jefferies after being upsized to €513m from €410.2m.The Class A notes priced at 92bp, in line with guidance. The mezz tranches for ......
14 February 2022