CLO Markets

All Update archive

  • CLO Markets Daily - 19 July 2023

    *EU new issues: Nassau III priced*US new issues: Sycamore Tree CLO 2023-4 update; Ares’ Ivy Hill Middle Market Credit Fund XXI priced*Private credit has probably taken up to around $150bn ......

    19 July 2023

  • CLO Markets US Deal Alert - 19 July 2023, 15.10 UK time

    A status update on Sycamore Tree CLO 2023-4 was sent to investors early today.The transaction, a US BSL CLO managed by Sycamore Tree CLO Advisors, is arranged by Citi.This is ......

    19 July 2023

  • CLO Markets EU Deal Alert - 19 July 2023, 13.00 UK time

    Nassau Euro CLO III priced on Tuesday (18 July) via Barclays.The Class A notes priced at +195bp. When IPTs were released, the triple-As were indicated as “Call desk”. The whisper ......

    19 July 2023

  • CLO Markets Daily - 18 July 2023

    *US new issues: TCW CLO 2023-2’s triple-As pre-marketed; Canyon 23-1 update; Empower CLO 2023-2 priced*Vertical Capital Income Fund (VCIF) rebranded Carlyle Credit Income Fund (CCI ............

    18 July 2023

  • CLO Markets US Deal Alert - 18 July 2023, 18.55 UK time

    Empower CLO 2023-2, a US BSL CLO managed by Empower Capital Management, priced today via Citi.The deal was upsized by c.$50m during the marketing process. ......

    18 July 2023

  • CLO Markets US Deal Alert - 18 July 2023, 15.25 UK time

    Jefferies is pre-marketing the triple-A notes of TCW CLO 2023-2, a US BSL CLO managed by TCW.Pricing is targeted for the end of July, according to investors.TCW 2023-1A priced in ......

    18 July 2023

  • VCIF becomes CCIF with CLO focus

    Vertical Capital Income Fund (VCIF) has been rebranded Carlyle Credit Income Fund (CCIF), reflecting Carlyle’s new role as external investment adviser, replacing Oakline Advisors.CCIF will ............

    18 July 2023

  • CLO Markets Daily - 17 July 2023

    *US new issues: Sycamore Tree CLO 2023-4 under guidance*Not inconceivable that European loan prices will correct, say BofA EU CLO strategists*Higher share of US loans trading above ............

    17 July 2023

  • CLO Markets US Deal Alert - 17 July 2023, 15.45 UK time

    Citi is marketing Sycamore Tree CLO 2023-4, a US BSL CLO managed by Sycamore Tree CLO Advisors, according to investors.This is Sycamore Tree’s third deal this year - STCP ......

    17 July 2023

  • Correction in European loan prices seen possible

    The market may be overconfident that most European leveraged loans will be successfully refinanced or extended, BofA European strategists say in a report, noting that “it is not inconceivab ............

    17 July 2023

  • CLO Markets Daily - 14 July 2023

    *EU primary market reopens*EU triple-As tighten at last in secondary market *US new issues: Dryden 107 CLO formally priced*US resets: Symphony CLO 34-PS priced*JPMorgan analysts lower year-end foreca ............

    14 July 2023

  • US CLO AAA spreads forecast lowered

    JPMorgan analysts now expect US triple-A new issue spreads for tier-one managers to compress 15bp to 160bp by the end of 2023, which is 10bp tighter than their previous forecast."Our ......

    14 July 2023

  • European CLO pipeline and chart

    European pipeline, as of Friday morning: European new issue pipelineManagerSize €mArrangerStatus/timingDeal alertCairn CLO XVIICairn/Polus404.2JPMorganIPTs/pricing week of 24 ............

    14 July 2023

  • Amortising EU triple-As set to rise in next 12 months

    Amortising triple-As are increasing with 24% of active European CLOs having amortising AAAs, as more than 30% of active CLO 2.0 deals issued before this year are out of reinvestment ......

    13 July 2023

  • CLO Markets EU Deal Alert - 13 July 2023, 15.55 UK time

    Initial price thoughts are circulating for Cairn CLO XVII, a European CLO managed by Cairn Loan Investments II (Polus).Pricing is targeted for the week of 24 July via JPMorgan, according ......

    13 July 2023

  • Mid-year spread forecast for US CLOs released

    Barclays credit analysts have published their mid-year spread forecast for US CLOs. They expect secondary-market triple-As through single-As to tighten in the secondary half of the year, and ............

    13 July 2023

  • CLO Markets Daily - 13 July 2023

    *EU new issues: IPTs out for Cairn XVII*US new issues: Canyon CLO 2023-1 under guidance*Barclays publishes mid-year spread forecast for US CLOs*Fitch downgrades Cairn CLO III's Class F notes to ......

    13 July 2023

  • CLO Markets Daily - 12 July 2023

    *CLO Manager corner: M&G*EU new issues: PSTET 23-2 priced*US resets: Symphony CLO 34-PS expected to price tomorrow*US new issues: Trimaran CAVU 2023-1 priced CLO MANAGER CORNERM& ............

    12 July 2023

  • CLO Markets US Deal Alert - 12 July 2023, 17.35 UK time

    RBC Capital Markets is marketing the reset of Voya CLO 2022-2, a US BSL CLO managed by Voya Alternative Asset Management.Pricing is targeted for the beginning of the week of ......

    12 July 2023

  • CLO Markets US Deal Alert - 12 July 2023, 14.20 UK time

    The reset of Symphony CLO 34-PS, a US BSL CLO managed by Symphony Alternative Asset Management (Nuveen), is expected to price tomorrow, according to investors.Classes X, AR, B-1R, CR, DE, ......

    12 July 2023

  • CLO Manager corner - MandG Investments

    One of the main differentiators of M&G Investments’ CLO programme is the ESG approach it takes, with the aim of broadening the investor community, Fiona Hagdrup, fund manag ............

    12 July 2023
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