CLO Markets

All Update archive

  • Equity distributions likely to stay range-bound in US, rise slightly in Europe

    Barclays credits analysts think that equity distributions have peaked for US BSL CLOs and should remain range-bound in the near term. They expect distributions among European CLOs to rise to ......

    11 August 2023

  • CLO Markets Daily - 10 August 2023

    *EU new issues: OCP Euro CLO 2023-7’s triple-As now rated by Moody’s, with make-whole provision*US new issues: Bryant Park Funding 2023-21 under guidance*US primary CLO spreads fa ............

    10 August 2023

  • CLO Markets EU Deal Alert - 10 August 2023, 16.20 UK time

    The triple-As of OCP Euro CLO 2023-7, a European CLO managed by Onex Credit Partners, are now rated by Moody’s, which replaces S&P. The Class A notes are expected to ......

    10 August 2023

  • CLO Markets Daily - 9 August 2023

    *US new issues: price talk out for PGIM’s Dryden 102 CLO and Barings CLO 2023-III; Wise CLO 2023-1, Bain Capital Credit CLO 2023-4 priced*Optional redemption considered for BOPHO ......

    9 August 2023

  • Note redemption considered

    Some holders of Bosphorus CLO VII's equity have contacted Cross Ocean Adviser LLP, the investment manager, to assess options available which may lead to an Optional Redemption of some or ......

    9 August 2023

  • CLO Markets US Deal Alert - 9 August 2023, 10.25 UK time

    Bain Capital Credit CLO 2023-4 priced via Morgan Stanley on Tuesday after being upsized.The transaction is managed by Bain Capital Credit U.S. CLO Manager II.The deal is structured as intended ......

    9 August 2023

  • CLO Markets US Deal Alert - 9 August 2023, 10.05 UK time

    Morgan Stanley is marketing Barings CLO 2023-III, a US BSL CLO managed by Barings. Barings 2023-IIIClassS&PSize (M$)C/EWALMVOC, bid IPTsAAAA32036.00%6.2154.07%Call DeskBAA6024.00%8.4 ............

    9 August 2023

  • CLO Markets US Deal Alert - 9 August 2023, 9.30 UK time

    BofA is marketing Dryden 102 CLO, a US BSL CLO managed by PGIM Inc.Pricing is targeted for the week of 21 August, according to investors. Dryden 102ClassS/MSize (M$)Size (%)PAR ......

    9 August 2023

  • CLO Markets EU Deal Alert - 8 August 2023, 17.15 UK time

    Bridgepoint CLO V, a European CLO managed by Bridgepoint Credit Management priced this afternoon. The deal was arranged by Morgan Stanley.This is the platform’s first deal this year, Bridge ............

    8 August 2023

  • CLO Markets EU Deal Alert - 5 August 2023, 8.45 UK time

    Rockford Tower Europe CLO 2023-1, a European CLO managed by Rockford Tower Capital Management (King Street), priced on Friday after being upsized.The deal was arranged by Barclays.King Stree ............

    5 August 2023

  • CLO Manager Corner - RBC BlueBay

    Ashley Blatter, portfolio manager, securitised credit & CLO management, at RBC BlueBay, reflects on the year-on-year drop in CLO issuance, its causes and expectations for the future for his f ......

    4 August 2023

  • CLO Markets US CLO Deal Alert - 3 August 2023, 17.10 UK time

    Sycamore Tree CLO 2023-4, a US BSL managed by Sycamore Tree CLO Advisors has priced via Citi. Par subs are calculated assuming $400m target portfolio:Sycamore Tree CLO 2023-4ClassS&PSize (M$) ............

    3 August 2023

  • CLO Markets US Deal Alert - 2 August 2023, 16.55 UK time

    The reset of RR 23 Ltd, a US BSL CLO managed by Redding Ridge Asset Management, has priced. As part of the process, the deal was upsized to $850m target ......

    2 August 2023

  • EU CLO roundup - July 2023

    *EU new CLO issuance reaches €1.9bn in July*Availability of collateral not an impediment to issuing new CLOs, liabilities are a bigger stumbling block, says MV Credit’s Lu ............

    2 August 2023

  • CLO Markets EU Deal Alert - 2 August 2023, 10.40 UK time

    The Class B1, C and D of Bridgepoint CLO V, a European CLO managed by Bridgepoint Credit Management Limited, are expected to go subject today at 13.00 UK time, according ......

    2 August 2023

  • CLO Markets Daily – 1 August 2023

    *EU new issues: guidance out for OCPE 23-7*US private credit CLOs: Owl Rock CLO XIII priced EUROPEAN PRIMARY MARKET OnexPrice guidance is circulating for OCP Euro CLO 2023 ............

    1 August 2023

  • CLO Markets US Deal Alert - 1 August 2023, 19.10 UK time

    Owl Rock CLO XIII, a private credit CLO managed by Blue Owl Credit Advisors, has priced via Goldman Sachs.NatWest Markets was co-placement agent. ......

    1 August 2023

  • CLO Markets EU Deal Alert - 1 August 2023, 9.50 UK time

    Price guidance is circulating for OCP Euro CLO 2023-7, a European CLO managed by Onex Credit Partners.Pricing is targeted for early/mid next week via Jefferies, according to investors.Onex&a ............

    1 August 2023

  • CLO Markets Daily - 31 July 2023

    *US CLOs: Partial refinancing of Elmwood CLO XVIII priced*Proposals on bank capital further disincentivise US banks from investing and holding CLO mezzanine tranches, say JPMorgan a ............

    31 July 2023

  • CLO Markets Daily - 28 July 2023

    *Burst of activity in European primary market*EU triple-As extend gains, reaching the mid-150s for the stronger profiles*US BSL CLOs: Trinitas CLO XXIII and Canyon 23-1 priced*US static MM: Barings P ......

    28 July 2023

  • CLO Markets US Deal Alert - 28 July 2023, 17.25 UK time

    Barings Private Credit Corporation CLO 2023-1, a static middle market CLO, has priced via BNP Paribas.Barings Private Credit Corporation is the manager. All assets going into the CLO were or ......

    28 July 2023
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