CLO Markets

All Update archive

  • CLO Markets EU Deal Alert - 13 April 2023, 20.15 UK time

    AlbaCore Euro CLO V is expected to price tomorrow (Friday), according to investors. Guidance has been revised on the Class B1, D and E.The structure has been modified, leading to ......

    13 April 2023

  • CLO Markets US Deal Alert - 13 April 2023, 11.00 UK time

    Palmer Square 2023-2, a US BSL CLO, managed by Palmer Square Capital Management, is being marketed by JPMorgan.The deal has been calculated based on a target par amount of $400m ......

    13 April 2023

  • CLO Markets US Deal Alert - 13 April 2023, 09.00 UK time

    OHA Credit Funding 15, a US BSL CLO managed by Oak Hill Advisors, priced yesterday via BNP Paribas.OHA Credit Funding 15 ClassSize ($m)S/M/FSubordinationCouponDMA202.00NR/Aaa/NR37.00%SOFR+183183 ............

    13 April 2023

  • BofA spots value either side of the Atlantic

    The latest research from Bank of America (BofA) European CLO analysts examines relative value between European and US CLOs. It finds opportunities in both products in different parts of the ......

    11 April 2023

  • CLO Markets Daily - 6 April 2023

    *EU new issues: CV Cordatus 27 priced*US new issues: Silver Point CLO 2 under guidance*IMN CLO conference: CLO pros take volatility in their stride*EU CLOs starting to show small increase ......

    6 April 2023

  • CLO Markets EU Deal Alert - 6 April 2023, 16.30 UK time

    The pricing details of CVC Cordatus Loan Fund XXVII-A, a European CLO managed by CVC Credit Partners Investment Management, have been released.The double Bs priced at a DM of 930bp. ......

    6 April 2023

  • CLO Markets EU Deal Alert - 6 April 2023, 11.40 UK time

    CVC Cordatus Loan Fund XXVII-A, a European CLO managed by CVC Credit Partners Investment Management, has priced via Goldman Sachs.Market sources said the bonds have been posted on the Bloomb ......

    6 April 2023

  • CLO pros take volatility in their stride

    The mood was constructive at IMN 10th Annual Investors’ Conference on European CLOs and Leveraged Loans held in London on 4 April, but many market participants - notably investors ......

    6 April 2023

  • CLO Markets US Deal Alert - 5 April 2023, 19.25 UK time

    Trinitas CLO XXII, a US BSL CLO managed by Trinitas Capital Management, has priced via Citi.Some $8m of junior triple-As were added to the structure.According to Review Port, the initial ......

    5 April 2023

  • CLO Markets Daily - 3 April 2023

    *EU new issues: Albacore V IPTs out*US new issues: Vibrant CLO XVI under guidance*EU CLO Roundup: The best course of action in Q1 was to primarily invest in new issues ......

    3 April 2023

  • EU CLO roundup - March 2023

    *EU new CLO issuance reaches €1.89bn in March*The best course of action in Q1 was to primarily invest in new issues rather than wait for cheap offers in the secondary ......

    3 April 2023

  • CLO Markets EU Deal Alert - 3 April 2023, 15.00 UK time

    Initial price thoughts are available for AlbaCore Euro CLO V, according to investors.Pricing is targeted for next week (Week of 10 April) via BofA. NatWest acts as co-placement agent.The cap ......

    3 April 2023

  • CLO Markets Daily - 31 March 2023

    *EU primary market gives signs of life*US new issues: Texas Debt Capital CLO 2023-II (CIFC) marketed; 37 Capital CLO 3 (Putman) priced*US CLO AAAs need to tighten significantly to make ......

    31 March 2023

  • US CLO AAAs need to tighten significantly to make resets viable

    US CLO triple-A spreads in the primary market need to recover significantly to 145-150bp over SOFR before there is an uptick in reset activity, which can help increase reinvestment periods ......

    31 March 2023

  • CLO Markets Daily - 30 March 2023

    *EU new issues: AlbaCore Euro CLO V’s triple-As whispered in 185-190bp context*US new issues: Ares CLO LXVIII priced*Barclays analysts say U S and European banks remain liquid and ............

    30 March 2023

  • CLO Markets EU Deal Alert - 30 March 2023, 11.15 UK time

    Marketing of AlbaCore Euro CLO V is being relaunched, according to investors.The price whisper for the triple-As is said to be in a 185-190bp context. Pricing targeted end of next ......

    30 March 2023

  • CLO Markets Daily - 29 March 2023

    *EU new issues: CVC in market with Cordatus 27-A*US new issues: Madison Park Funding LXIII’s senior triple-As price at +185bp EUROPEAN PRIMARY MARKETCV ............

    29 March 2023

  • CLO Markets EU Deal Alert - 29 March 2023, 17.55 UK time

    Goldman Sachs is marketing CVC Cordatus Loan Fund XXVII-A, a new European CLO managed by CVC Credit Partners Investment Management. Pricing is targeted for next week, before the Easter break, ......

    29 March 2023

  • CLO Markets US Deal Alert - 29 March 2023, 17.15 UK time

    Madison Park Funding LXIII, a US BSL CLO managed by Credit Suisse Asset Management, has priced via Nomura Securities.In the final structure, the equity piece is c.$5.6m thicker. The tranche ......

    29 March 2023

  • CLO Markets US Deal Alert - 29 March 2023, 17.15 UK time

    Madison Park Funding LXIII, a US BSL CLO managed by Credit Suisse Asset Management, has priced via Nomura Securities.In the final structure, the equity piece is c.$5.6m thicker. The tranche ......

    29 March 2023

  • CLO Markets US Deal Alert - 28 March 2023, 19.25 UK time

    Venture 2023-47, a BSL CLO managed by MJX Asset Management, priced on 14 March and closed today via Jefferies. MJX VENTR 2023-47ClassS/MSize (M$)C/ECouponA1AAA/Aaa24040.0%SOFR+1.92%AJAAA/NR2035.0%SO ............

    28 March 2023
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