CLO Markets

All Update archive

  • CLO Markets EU Deal Alert - 10 March 2023, 11.50 UK time

    Natixis is marketing Madison Park Euro Funding XIX, a European CLO managed by CSAM, according to investors. The deal is said to be c.50% ramped.CSAM’s last new issue, Madison Park ......

    10 March 2023

  • Barclays cuts 2023 European HY and LL default rate forecasts

    Barclays credit analysts have revised their 2023 default rate forecast down to 2.0% for the pan-European high yield sector and to 2.5% for European leveraged loans.The British bank has based ......

    10 March 2023

  • CLO Markets EU Deal Alert - 10 March 2023, 8.00 UK time

    Providus CLO VIII, a European CLO managed by Permira European CLO Manager, has priced via Jefferies, according to market sources.The deal was upsized by c.€50m. The Class A  ............

    10 March 2023

  • ICG praised by TwentyFour AM

    TwentyFour Asset Management is giving some praise to ICG and the documentation of its ICG Euro CLO 2023-1 deal, which priced earlier this month. The UK asset manager can be ......

    9 March 2023

  • CLO Markets Daily - 8 March 2023

    *Today’s EU triple-A covers point to increased manager tiering*Q1 EU CLO equity distributions come in at just 2.8%, lowest quarterly print since pandemic induced low of 2.5%, accor ............

    8 March 2023

  • CLO Markets Daily - 7 March 2023

    *EU new issues: Senior/junior triple-Bs added to Providus 8 structure*US market nearing mid-way point in its level of ESG maturity, says DB EUROPEAN PRIMARY MARKET ............

    7 March 2023

  • US market nearing mid-way point in its level of ESG maturity

    The US CLO market in 2023 is nearing a mid-way point in its level of ESG maturity, according to Deutsche Bank analysts.From a maturity perspective, the market lies somewhere between ......

    7 March 2023

  • CLO Markets EU Deal Alert - 7 March 2023, 9.55 UK time

    Providus CLO VIII, a European CLO managed by Permira European CLO Manager, is expected to price either late today or tomorrow, according to investors.The structure has been modified to add ......

    7 March 2023

  • CLO Markets Daily - 6 March 2023

    *EU new issues: Voya VI Priced*US new issues: MidOcean Credit CLO XII marketed; senior notes of New Mountain CLO 4 price at +195bp, the wide end of guidance*EU CLO IG ......

    6 March 2023

  • CLO Markets US Deal Alert - 6 March 2023, 14.30 UK time

    Deutsche Bank is marketing MidOcean Credit CLO XII, a US BSL CLO managed by MidOcean Credit RR Manager.The deal is intended to satisfy EU/UK risk retention compliance. MidOcean intends to ......

    6 March 2023

  • CLO Markets EU Deal Alert - 6 March 2023, 8.40 UK time

    Voya Euro CLO VI, a European CLO managed by Voya Alternative Asset Management, priced on Friday via Barclays.The Class A notes priced at +175bp.According to Review Port, the initial preliminary ......

    6 March 2023

  • CLO Markets Daily - 3 March 2023

    *EU new issues: ICG Euro CLO 2023-1 priced (41% of C/E for senior notes, +175p print)*US new issues: Senior notes of WAMCO’s Crown City CLO V price at SOFR+202bp*Softer tone ......

    3 March 2023

  • EU CLO roundup - February 2023

    *EU new CLO issuance reaches €3.79bn in February*Most new-issue triple-As price in 170-180bp range*EU CLO market has good start to the year; but structuring a CLO with an equity ret ......

    3 March 2023

  • CLO Markets EU Deal Alert - 3 March 2023, 16.50 UK time

    ICG Euro CLO 2023-1, a European CLO managed Intermediate Capital Managers Ltd, priced on Thursday via JPMorgan.The deal was c. 22% ramped as of 7 February. ......

    3 March 2023

  • CLO Markets EU Deal Alert - 3 March 2023, 11.00 UK time

    Providus CLO VIII, a European CLO managed by Permira European CLO Manager, could price either today or early next week, according to investors.The top tranches are subject. The tran ............

    3 March 2023

  • CLO Markets Daily - 1 March 2023

    *EU new issues: Tikehau IX priced; Voya VI expected to price by week-end*US new issues: CIFC’s Texas Debt Capital CLO 2023-I priced EUROPEAN PRIMARY MARKET Tikeh ............

    1 March 2023

  • CLO Markets EU Deal Alert - 1 March 2023, 18.15 UK time

    Voya Euro CLO VI, a European CO managed by Voya Alternative Asset Management, is expected to price on Friday, according to investors. IPTs were distributed earlier this week.The subordinated ............

    1 March 2023

  • CLO Markets EU Deal Alert - 1 March 2023, 16.20 UK time

    Tikehau CLO IX, a European CLO managed by Tikehau Capital Europe, has priced via BNP Paribas.The Class A notes, originally talked at +175bp area, priced at +180bp. The tranche contained ......

    1 March 2023

  • CLO Markets Daily - 28 February 2023

    *EU new issues: CVC Cordatus 25-A priced* The median Class D IC test cushion for European CLO deals inside their reinvestment period has declined to 75%, compared to 79% in ......

    28 February 2023

  • CLO Markets EU Deal Alert - 28 February 2023, 9.45 UK time

    The pricing details of CVC Cordatus Loan Fund XXV-A, a European CLO managed CVC Credit Partners Investment Management Ltd, have emerged.The transaction, arranged by Citi, priced on 24 February.The de ......

    28 February 2023

  • CLO Markets Daily - 24 February 2023

    *EU new issues: primary issuance steams ahead in deteriorating market; Voya VI details emerge; Tikehau IX expected to price early next week*US new issues: Twin Brook 2023-1 (Angelo Gordon), ......

    24 February 2023
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