CLO Markets
All Update archive
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CLO Markets Daily – 28 September 2022
*EU CLO bond prices slide in secondary market*US new issues: Golub prices dual-currency static middle-market CLO (€70m Class A2 notes at E+200bp)EUROPEAN SECONDARY MARKETSelling pressure in ............
28 September 2022
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CLO Markets US Deal Alert – 27 September 2022, 16.15 UK time
Golub Capital Partners Short duration 2022-1, a dual-currency static middle-market CLO, has priced via Morgan Stanley.Some €70m of euro-denominated Class A2 notes were issued; they pay a cou ............
28 September 2022
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Pressure on EU CLO spreads continues unabated
Selling pressure in the European CLO and ABS markets is not abating today and appears to be driven in large part by pension funds, according to market sources.This is a ......
28 September 2022
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CLO Markets US Deal Alert – Fidelity's Ballyrock CLO 21 priced
Ballyrock CLO 21, a US BSL CLO structured with the intent to comply with EU risk retention rules, priced on Tuesday via BofA. The senior notes priced at SOFR+195bp, in ......
28 September 2022
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CLO Markets Daily – 27 September 2022
*Limited colour on slew of EU BWICs due today but a few covers point to market weakness*BlackRock readies CLO ETF*US new issues: Palmer Square Loan Funding 2022-3 prices after ......
27 September 2022
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CLO Markets Daily – 26 September 2022
*US new issues: senior notes of Blackstone’s Danby Park (2NC/5RP) talked at 190-200bp*EU CLO transactions with high triple-C bucket had a slight tendency in August to buy slightly higher ca ......
26 September 2022
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CLO Markets US Deal Alert – 26 September 2022, 14.50 UK time
Goldman Sachs is premarketing the triple-As of Danby Park, a US BSL CLO managed by Blackstone Liquid Credit Strategies.The notes are guided at SOFR+190-200bp and are around one third covered ......
26 September 2022
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CLO Markets Daily – 23 September 2022
*EU new issues: Guidance out for GoldenTree 6; Contego X priced*CLO AAAs/AAs/As unaffected when stress-tested against recent downturns, Barclays finds*US new issues: Muzinich’s inaugural CL ............
23 September 2022
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CLO Markets EU Deal Alert – 23 September 2022, 15.45 UK time
Guidance is available for GoldenTree Loan Management EUR CLO 6, a CLO managed by GoldenTree.Pricing is targeted for the end of next week or the beginning of the following week, ......
23 September 2022
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CLO Markets EU Deal Alert – 23 September 2022, 8.30 UK time
Contego CLO X priced on Thursday via Barclays.The deal’s final size is €305.8m, down from the €356.25m indicated last week. The Class A notes priced at +200bp, wider than ......
23 September 2022
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CLO AAAs/AAs/As unaffected when stress-tested against recent downturns, Barclays finds
CLO triple-As and double-As remain intact under different scenarios that shock their underlying collateral, Barclays' US credit analysts found after stress-testing a sample of deals based on ............
23 September 2022
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CLO Markets Daily – 22 September 2022
*EU new issues: senior notes of Bosphorus VII (1NC/1RP) price at +200bp; GoldenTree 6 details emerge; Arbour 11 guidance out*US MM CLOs: senior notes of Owl Rock VIII (2NC/4RP) price ......
22 September 2022
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CLO Markets EU Deal Alert – 22 September 2022, 18.00 UK time
Bosphorus CLO VII, a European CLO managed by Cross Ocean Adviser LLP, has priced via Deutsche Bank. The Class A notes priced at +200bp.The deal is notable for its reinvestment ......
22 September 2022
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CLO Markets EU Deal Alert – 22 September 2022, 11.45 UK time
Details have emerged of GoldenTree Loan Management EUR CLO 6, a CLO managed by GoldenTree.Several investors have mentioned this transaction, but noted that most of what they have seen or ......
22 September 2022
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CLO Markets EU Deal Alert – 21 September 2022, 19.45 UK time
Price guidance is circulating for Oaktree’s Arbour CLO XI.The Class A notes are guided at 185-190bp, 5bp wider than the whispers that circulated last week.The guidance levels for the lower ......
21 September 2022
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CLO Markets Daily – 21 September 2022
*EU new issues: Partners Group markets 25.6% ramped Penta 12 (1.5NC/4.4RP)EUROPEAN PRIMARY MARKET Partners GroupMorgan Stanley is now formally marketing Penta CLO 12, a European CLO of & ............
21 September 2022
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CLO Markets EU Deal Alert – 21 September 2022, 14.30 UK time
Morgan Stanley is now formally marketing Penta CLO 12, a European CLO of €345m managed by Partners Group.Price thoughts are available for all tranches except the Class A notes, of ......
21 September 2022
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CLO Markets Daily – September 2022
*Risk in EU triple-A rated CLO tranches currently underpriced if equity markets turn out to be correct in their assessment, according to BIS report*EU new issues: IPTs emerge for Contego ......
20 September 2022
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Tail risk in European markets may be underestimated by CLO investors, says BIS
Tail risk in European markets may be underestimated by CLO investors and EU CLO triple-As may be mispriced, the Bank for International Settlements (BIS) suggests in its quarterly review.A sub-section ......
20 September 2022
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CLO Markets EU Deal Alert – 20 September 2022, 14.30 UK time
Initial price thoughts have emerged for Contego CLO X. The levels were released at the end of last week, according to investors.IPTs on the triple-Bs and double-Bs have been set ......
20 September 2022
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RRE 14's excess interest under pressure
RRE 14 Loan Management, a European CLO managed by Redding Ridge that priced on Friday, has much less excess interest than the manager’s more recent deals, KBRA’s presale report sh ......
20 September 2022