CLO Markets

All Update archive

  • 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

  • B minus rated debt in EU HY highest since 2010

    Barclays has estimated that the proportion of B- rated debt in the pan-European high yield market today is around 11% in nominal terms, up from 6% this time last year, ......

    28 July 2023

  • CLO Markets US Deal Alert - 28 July 2023, 20.00 UK time

    Canyon CLO 2023-1, a US BSL CLO managed by Canyon CLO Advisors, has priced via Goldman Sachs,The fixed-rate double-A rated tranche was removed during the marketing process (the notes were ......

    28 July 2023

  • CLO Markets Daily - 27 July 2023

    *EU new issues: Harvest CLO XXX’s triple-As price at +175bp, double-Bs at +820bp DM*JPMorgan analysts still expect US new issue triple-A spreads for tier-1 managers to compress -15 ............

    27 July 2023

  • CLO Markets EU Deal Alert - 27 July 2023, 18.00 UK time

    Investcorp's Harvest CLO XXX has priced via Citi. The Class A notes priced at +175bpThe deal was c.55% ramped as of last week.According to Review Port, the initial preliminary offering ......

    27 July 2023

  • CLO Markets Daily - 26 July 2023

    *EU new issues: IPTs out for Rockford Tower Europe CLO 2023-1; Cairn CLO XVII priced*RRME 14 rated notes to be redeemed in October*US new issues: Generate 12 formally priced EUROPEA ......

    26 July 2023

  • CLO Markets EU Deal Alert - 26 July 2023, 19.20 UK time

    Cairn CLO XVII, a European CLO managed by Cairn Loan Investments II (Polus), has priced via JPMorgan.The senior notes priced at +180bp, in line with IPTs.A Cairn transaction was rumoured ......

    26 July 2023

  • CLO Markets US Deal Alert - 26 July 2023, 15.05 UK time

    Generate CLO 12, a US BSL CLO managed by Generate Advisors, formally priced today.The deal was arranged by Goldman Sachs. Generate ......

    26 July 2023
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