CLO Markets

All Update archive

  • CLO Markets US Deal Alert - 29 June 2023, 15.45 UK time

    OCP CLO 2023-28, a US BSL CLO managed by Onex Credit Partners, has priced via BofA.The deal has been upsized by $20m during the marketing process. The double-As and single-As ......

    29 June 2023

  • CLO Markets Daily - 28 June 2023

    *CLO Manager corner: Aegon AM*US new issues: Sound Point CLO 36 priced*US resets: Junior triple-As added to structure of OAKC 2022-12A (Oak Hill); Symphony CLO 34-PS under guidance; CSAM’s ......

    28 June 2023

  • CLO Manager corner - Aegon Asset Management

    The idea of expanding in the European market originally was an organic concept for Aegon Asset Management, the firm told SCI CLO Markets following the acquisition of NIBC’s Europea ............

    28 June 2023

  • CLO Markets US Deal Alert - 28 June 2023, 8.40 UK time

    BofA is marketing the reset of Symphony CLO 34-PS, a US BSL CLO managed by Symphony Alternative Asset Management (Nuveen).Pricing is targeted for the week of 10 July, according to ......

    28 June 2023

  • CLO Markets US Deal Alert - 28 June 2023, 7.50 UK time

    The reset of Madison Park Funding LXII, a US BSL CLO managed by Credit Suisse Asset Management, priced yesterday via JPMorgan.The transaction originally priced in July 2022 via Credit Suisse. ......

    28 June 2023

  • CLO Markets Daily - 27 June 2023

    *Bain prices upsized US BSL, rumoured to be readying European deal*BofA cuts European CLO new issue forecast for 2023 from €22bn to €18bn*Total volume of refi/reset eligible US deal ............

    27 June 2023

  • CLO Markets US Deal Alert - 27 June 2023, 15.40 UK time

    Bain Capital Credit CLO 2023-3, a US BSL CLO managed by Bain Capital Credit U.S. CLO Manager II, has priced via Citi.As previously reported, the transaction was upsized by $100m.The ......

    27 June 2023

  • FY EU CLO new issue forecast cut to €18bn

    BofA strategists have lowered their European CLO new issue forecast for 2023 from €22bn to €18bn.“Open CLO warehouses have low ramp on average, our outlook for new issue l ............

    26 June 2023

  • CLO Markets Daily - 23 June 2023

    *EU new issues: Nassau III marketed*Short-dated EU triple-As tighten*Incorporating EU risk retention features to US BSL CLOS helps diversify investor base, but does not appear to affect triple-A spre ............

    23 June 2023

  • No spread benefit for US BSL CLOs from meeting EU RR rules

    Incorporating EU risk retention features to US BSL CLOs helps diversify the investor base, but does not appear to affect triple-A spreads, according to Barclays credit analysts.Spreads are likely to ......

    23 June 2023

  • CLO Markets EU Deal Alert - 23 June 2023, 14.50 UK time

    Barclays is marketing Nassau Euro CLO III, according to investors.The triple-As, which have 40% of credit enhancement, are said to be shown at 190bp area. The deal has a 2NC/4.5RP ......

    23 June 2023

  • CLO Markets Daily - 20 June 2023

    *US new issues: Zais 19 priced*EU BWIC flows pick up* CLO creation will likely slow down over the summer given lack of loan supply and poor equity arbitrage, say BofA ......

    20 June 2023

  • CLO Markets US Deal Alert - 20 June 2023, 19.10 UK time

    Zais CLO 19 (ZAIS 2023-19), a US BSL CLO managed by Zais, priced today via Jefferies.The Class A notes priced at 232bp. In May these triple-A notes were whispered at ......

    20 June 2023

  • CLO Markets Daily - 16 June 2023

    *US resets: Oak Hill in market with reset of OHA Credit Funding 12 (priced in June 2022)*US new issues: Carlyle US CLO 2023-3 marketed; Bain 23-3 upsized*JPMorgan analysts lower US ......

    16 June 2023

  • US CLO supply forecast cut to $100bn

    JPMorgan analysts have lowered their US CLO supply forecast to $100bn from a forecast of $115bn-125bn previously (YTD issuance: $52.3bn), pointing to the challenges high spread tiering poses for the ......

    16 June 2023

  • CLO Markets US Deal Alert - 16 June 2023, 10.50 UK time

    Barclays is marketing Carlyle US CLO 2023-3, a US BSL CLO managed by Carlyle CLO Management.Pricing is targeted for early July, according to investors.Carlyle US CLO 2023-3ClassF/MSize (M$)Size (%)C/ ............

    16 June 2023

  • CLO Markets US Deal Alert - 16 June 2023, 10.10 UK time

    Citi is marketing the reset of OHA Credit Funding 12, a US BSL CLO managed by Oak Hill. As part of the process, the deal will be upsized, according to ......

    16 June 2023

  • CLO Markets US Deal Alert - 15 June 2023, 11.40 UK time

    Cedar Funding XVII, a US BSL managed by Aegon USA Investment Management, is in the market via arranger and initial purchaser Jefferies, according to investors.The deal's triple-As were said to ......

    15 June 2023

  • Global ABS Conference - Day 2

    CLO triple-As spreads and the triple-A investor base were major talking points today at the Global ABS conference. CLO triple-As are viewed as extremely attractive, but at the same time, ......

    14 June 2023

  • Global ABS conference - Day 1

    The 27th Global ABS conference started today in Barcelona. The turnout is huge: 4,900 delegates (among them, 2,300 investors and issuers) have registered, according to the organiser, IMN. This is ......

    13 June 2023

  • CLO Markets US Deal Alert - 13 June 2023, 21.30 UK time

    Owl Rock CLO XII, a US private credit CLO managed by Owl Rock Capital Advisors, has priced via BofA.The transaction is structured with the intent to comply with EU risk ......

    13 June 2023
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