CLO Markets

All Update archive

  • 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

  • CLO Markets Daily - 27 March 2023

    *US new issues: Guidance out for Trinitas XXII mezz; AGL 24 marketed; Flatiron 23 priced*BofA strategists think US CLO spreads are “likely biased wider before they tighten&rdqu ............

    27 March 2023

  • CLO Markets US Deal Alert - 27 March 2023, 18.50 UK time

    Flatiron CLO 23, a US BSL CLO managed by New York Life Investors, has priced via JPMorgan.The deal is structured with the intent to comply with the EU risk retention ......

    27 March 2023

  • CLO Markets US Deal Alert - 27 March 2023, 16.00 UK time

    Price guidance is available for the mezzanine tranches of Trinitas CLO XXII, according to investors.Two weeks ago, the triple-As were shown in a +185bp context, according to investors.The de ............

    27 March 2023

  • CLO Markets US Deal Alert – 24 March 2023, 21.15 UK time

    Apidos CLO XLIV, a US BSL CLO managed by CVC Credit Partners, has priced via BofA.In the final structure, the junior triple-As have 36.5% of par subordination, up from 36% ......

    24 March 2023

  • CLO Markets Daily - 24 March 2023

    *EU spreads hold up better than feared during the week, but volatility was back on Friday*SCI Premium Content: CLO managers are increasingly investing in their own methodologies and disclosure proces ......

    24 March 2023

  • CLO Markets Daily - 23 March 2023

    *EU CLO spreads grinding tighter*Rebound of European Leveraged Loan Index (ELLI) “reassuring but may not prove as robust as it first appears”, says Fidelity.*When CLO secondary vo ............

    23 March 2023

  • CLO Markets Daily - 22 March 2023

    *US new issues: Flatiron CLO 23 marketed*Fitch sees little impact on EMEA CLOs from the recent failures of US regional banks, and expects no rating impact on CSAM’s EU CLOs ......

    22 March 2023

  • CLO Markets US Deal Alert - 22 March 2023, 16.15 UK time

    JPMorgan is marketing Flatiron CLO 23, a US BSL CLO managed by New York Life Investors.The deal is structured with the intent to comply with the EU risk retention and ......

    22 March 2023

  • CLO Markets Daily - 20 March 2023

    *EU Triple-As trade in 200 area/low 200s context in secondary market*EU manager trading activity down sharply, says BofA* BofA strategists find EU CLO triple-A paper “very cheap relative to ............

    20 March 2023

  • EU manager trading down sharply

    Trading activity amongst CLO managers has been volatile over the last 12 months with significant declines in March last year, before briefly recovering towards the end of last year, and ......

    20 March 2023

  • CLO Markets Daily - 17 March 2023

    *Market conditions turn sour; EU triple-A likely back in 200s*US new issues: CVC in market with Apidos XLIV (5% ramp); Ares CLO LXVIII’s guidance widened*US MM CLOs: Audax Senior Debt ......

    17 March 2023

  • CLO Markets US Deal Alert - 17 March 2023, 15.30 UK time

    BofA is marketing Apidos CLO XLIV, a US BSL CLO managed by CVC Credit Partners.Guidance is circulating. A minority equity is available, according to investors. Pricing is targeted for late ......

    17 March 2023

  • New-issue US AAA spreads could widen to 225-235bp for T1 managers

    US triple-A spreads in the primary market could widen to 225-235bp for top-tier managers, levels last seen in November 2022, according to Barclays credit analysts. Recent prints were below these ......

    17 March 2023
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