CLO Markets
All Update archive
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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
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CLO Markets US Deal Alert – 20 September 2022, 9.20 UK time
Credit Suisse is marketing Madison Park Funding LIV, a US CLO of c.$398m managed by CSAM.Pricing is targeted for 29 September, according to investors.The issuer is domiciled in the Cayman ......
20 September 2022
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CLO Markets Daily – 16 September 2022
*EU new issues: PSTET 2022-3, Carlyle 22-5, RRE 14 and Trinitas III priced; Bosphorus CLO VII expected to price next week*JPMorgan analysts see a "rising probability" of a miss to ......
16 September 2022
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CLO Markets EU Deal Alert – 16 September 2022, 18.00 UK time
Bosphorus CLO VII, a European CLO managed by Cross Ocean Adviser LLP, is expected to price next week.The triple-As, triple-Bs and single-Bs are subject, while the double-As and single-As were ......
16 September 2022
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CLO Markets EU Deal Alert – 16 September 2022, 17.25 UK time
Carlyle Euro CLO 2022-5 priced this afternoon via BNP Paribas.The Class A notes priced at +195bp; this tranche had a sizeable lead interest.The deal, managed by Carlyle CLO Management Europe, ......
16 September 2022
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CLO Markets EU Deal Alert – 16 September 2022, 17.00 UK time
Redding Ridge’s RRE 14 Loan Management has priced via Goldman Sachs. RBC acted as placement Agent and Apollo as co-placement agent.The Class A1 notes priced at +200bp. The deal has ......
16 September 2022
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CLO Markets EU Deal Alert – 16 September 2022, 16.15 UK time
Trinitas Euro CLO III has priced via Jefferies. Standard Chartered Bank acted as co-placement agent.The Class A notes priced at a discount margin of 190bp.The deal is managed by Trinitas ......
16 September 2022
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CLO Markets EU Deal Alert – 16 September 2022, 15.00 UK time
Palmer Square European Loan Funding 2022-3, a static deal for Palmer Square Europe Capital Management LLC, priced today via JPMorgan.The 1.9-year Class A notes priced at a discount margin of ......
16 September 2022
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CLO Markets Daily – 15 September 2022
*EU new issues: Trinitas Euro CLO III set to price Friday; and Bosphorus VII price talk widenedEUROPEAN PRIMARY MARKET TrinitasTrinitas Euro CLO III is expected to price tomorrow, a ............
15 September 2022
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CLO Markets EU Deal Alert – 15 September 2022, 17.45 UK time
Price talk on Bosphorus CLO VII, a European CLO managed by Cross Ocean Adviser LLP, has been widened, mirroring the current trend in the EU primary market, according to investors.Price ......
15 September 2022
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CLO Markets EU Deal Alert – 15 September 2022, 10.30 UK time
Trinitas Euro CLO III is expected to price tomorrow, according to investors.A deal update sent to investors this morning indicates that guidance on the double-A rated FRNs has been widened ......
15 September 2022
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CLO Markets Daily – 14 September 2022
*EU new issues: Carlyle Euro CLO 2022-5 pricing targeted for end of this week; Trinitas Euro CLO III’s price guidance widened*US new issues: senior triple-As of Voya CLO 2022-3 (1NC/3RP) ......
14 September 2022
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CLO Markets EU Deal Alert – 14 September 2022, 15.45 UK time
Trinitas Euro CLO III’s price guidance has been widened, according to investors.The deal is managed by Trinitas Capital Management (White Star Asset Management Group) and arranged Jefferies ............
14 September 2022
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Most tranches of reinvesting EU CLOs have cushion against downgrades, says Fitch
Ninety-eight per cent of the non-AAA CLO tranches of EMEA transactions still in their reinvestment period have at least a one-notch cushion against downgrade and almost two thirds have two ......
14 September 2022
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CLO Markets EU Deal Alert – 14 September 2022, 10.45 UK time
A new status update is circulating for Carlyle Euro CLO 2022-5, according to investors. The deal is managed by CELF and arranged by BNP Paribas.Earlier today, the double-A rated FRNs ......
14 September 2022
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CLO Markets US Deal Alert – Voya CLO 2022-3 priced
Voya CLO 2022-3 priced on Tuesday via BofA.The deal, managed by Voya Alternative Asset Management, has a 1NC/3RP term structure.A class of junior triple-As was added to the structure ($8m ......
14 September 2022
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CLO Markets Daily – 13 September 2022
*US new issues: Muzinich marketing inaugural CLO*US CLOs appear fairly valued versus corporates, loans, and synthetics, according to BarclaysUS PRIMARY MARKETMuzinichJPMorgan is marketing 19 ............
13 September 2022
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CLO Markets US Deal Alert – 13 September 2022, 15.00 UK time
JPMorgan is marketing Muzinich’s inaugural CLO.The US BSL deal is called 1988 CLO 1 and has a 2NC/4RP term structure. It is managed by 1988 Asset Management, which is an ......
13 September 2022
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CLO Markets Daily – 12 September 2022
*EU new issues: IPTs out for PSTET 2022-3; whispers out for Rothschild’s Contego X*EU CLO senior bonds attractive on RelVal basis, but widening likely, says BofA*US new issues: triple-As of ......
12 September 2022
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CLO Markets EU Deal Alert – 12 September 2022, 15.30 UK time
JPMorgan is pre-marketing Palmer Square European Loan Funding 2022-3, a static deal for Palmer Square Europe Capital Management LLC.Full marketing is expected later this week, subject to investor fee ............
12 September 2022
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EU CLO senior bonds attractive on RelVal basis, but widening likely, says BofA
Triple-A rated and double-A rated EU CLOs are the most attractive parts of the CLO capital structure from a relative value perspective, according to BofA strategists. From an absolute perspective, ......
12 September 2022