CLO Markets

All Update archive

  • CLO Markets Daily - 6 December 2022

    *EU new issues: HayFin and Bridgepoint quietly price new deals*Trading activity for the median EU manager has declined to around 0.5% to 0.6% per months compared to around 2.9% in ......

    6 December 2022

  • CLO Markets EU Deal Alert - 6 December 2022, 14.00 UK time

    HayFin Emerald Management appears to have priced a new European CLO last week via Jefferies. A market source described the HayFin Emerald CLO XI transaction as “mostly private& ............

    6 December 2022

  • CLO Markets Daily - 2 December 2022

    *Investors show little appetite for new deals, while expressing concern over size of investor base next year; Barclays analysts’ spread forecast adds to gloom*Investcorp acquires Marble Poi ............

    2 December 2022

  • Investcorp acquires Marble Point Credit Management

    Investcorp has agreed to acquire Marble Point Credit Management, a US-based CLO manager and an affiliate of Eagle Point Credit Management LLC. Specific terms of the transaction were not disc ......

    2 December 2022

  • CLO Markets Daily - 1 December 2022

    *SCI EU CLO monthly: SG co-arranges first EU CLOs since GFC, showing readiness to deploy its balance sheet for clients, says Societe Generale’s Adrian Luput*Barclays credit analyst ............

    1 December 2022

  • EU CLO roundup - November 2022

    *EU new CLO issuance reaches €3bn in November*SG co-arranges first EU CLOs since GFC, showing readiness to deploy its balance sheet for clients, says Societe Generale&r ............

    1 December 2022

  • US new issue triple-As could widen to 250bp in H1 2023

    Barclays credit analysts expect CLO spreads to widen further in 2023, and issuance to be fairly muted in the first half of the year before recovering in the second half. ......

    1 December 2022

  • EU CLO issuance of €22bn "feasible" in 2023

    BofA CLO strategists think that €22bn of new European CLO issuance in 2023 is "feasible". In a pessimistic scenario, issuance would be as low as €15bn; in an optimistic scenario, ......

    1 December 2022

  • Tools to boost recoveries on defaulted assets may be tested in next cycle

    The coming default cycle may test the notion that the ability to purchase assets in workout scenarios will increase CLOs' recoveries on defaulted assets, according to Moody’s Investors Serv ............

    30 November 2022

  • CLO Markets US Deal Alert – 30 November 2022, 10.00 UK time

    BofA is marketing Rockford Tower CLO 2022-3, a US BSL CLO managed by Rockford Tower Capital Management. The deal has 1.5NC/3RP term structure. Pricing is targeted for next week, according ......

    30 November 2022

  • CLO Markets Daily – 29 November 2022

    *US new issues: CVC Apidos CLO XLII priced after $50m upsizing US PRIMARY MARKET CVC CVC Apidos CLO XLII, a US BSL CLO, priced today via Barclays. The de ......

    29 November 2022

  • CLO Markets US Deal Alert – 29 November 2022, 19.00 UK time

    CVC Apidos CLO XLII, a US BSL CLO, has priced via Barclays. The deal has been upsized by $50m. The senior triple-As priced at SOFR+220bp (no guidance was available). The ......

    29 November 2022

  • CLO Markets Daily – 28 November 2022

    *Softer tone in EU secondary market *KBRA finds it “hard to envision additional material spread widening” for EU CLOs given current wide levels SECONDA ............

    28 November 2022

  • CLO Markets Daily – 25 November 2022

    *EU new issues: Bridgepoint CLO IV and Nassau Euro CLO II expected to price next week *EU investment-grade spreads grind tighter; low mezz stall*ESG Scores are similar amon ............

    25 November 2022

  • CLO Markets EU Deal Alert – 24 November 2022, 11.30 UK time

    Initial priced thoughts are circulating for Bridgepoint CLO IV, a European CLO of €360.4m managed by Bridgepoint Credit Management Ltd, according to investors. Pricing is targeted f ............

    24 November 2022

  • CLO Markets Daily – 23 November 2022

    *EU new issues: Onex’s OCP Euro CLO 2022-6 priced EUROPEAN PRIMARY MARKET OnexOnex Credit Partners’ OCP Euro CLO 2022-6 priced late ............

    23 November 2022

  • CLO Markets EU Deal Alert – 23 November 2022, 20.50 UK time

    Onex Credit Partners’ OCP Euro CLO 2022-6 has priced via Citi and NatWest Markets (joint arrangers and placements agents). The deal is static. Proceeds from sales of Credit Risk Ob ......

    23 November 2022

  • CLO Markets US Deal Alert – 22 November 2022, 21.45 UK time

    Capital Four US CLO III has priced via Goldman Sachs. The triple-As priced at SOFR+250bp. A D2 tranche has been added to the structure. The target par amount is $400m ......

    22 November 2022

  • CLO Markets Daily – 22 November 2022

    *EU new issues: Bridgepoint 4 marketed*JPMorgan analysts raise 2023 US CLO issuance forecast to $120bn ($115-125bn range) from $100bn ($95-105bn) set on 13 October. European CLO supply is ex ............

    22 November 2022

  • 2023 CLO issuance forecast raised

    JPMorgan analysts have raised their 2023 US CLO issuance forecast to $120bn ($115-125bn range) from $100bn ($95-105bn) set on 13 October. European CLO supply is expected to reach €25bn, up ......

    22 November 2022

  • CLO Markets EU Deal Alert – 22 November 2022, 10.45 UK time

    Barclays is marketing Bridgepoint CLO IV, a European CLO of €360.4m managed by Bridgepoint Credit Management Ltd. Pricing is targeted for next week, according to investors.  ............

    22 November 2022
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