CLO Markets

All Update archive

  • CLO Markets Daily - 14 March 2023

    *US new issues: Trinitas CLO XXII and BlackRock Mt. Hood CLO X marketed; Empower 23-1 priced US PRIMARY MARKETTrinitasCiti is marketing Trinitas CLO XXII, a US BSL managed ............

    14 March 2023

  • CLO Markets US Deal Alert - 14 March 2023, 16.05 UK time

    Morgan Stanley is marketing BlackRock Mt. Hood CLO X, a middle market CLO managed by BlackRock Capital Investment Advisors.Pricing is targeted for 22 March, according to investors.* Expecte ............

    14 March 2023

  • CLO Markets US Deal Alert - 14 March 2023, 9.55 UK time

    Citi is marketing Trinitas CLO XXII, a US BSL managed by Trinitas Capital Management. The transaction is structured with the intent to comply with EU Risk Retention rules.Marketing is focusi ......

    14 March 2023

  • CLO Markets US Deal Alert - 13 March 2023, 20.15 UK time

    Wind River 2023-1 CLO, a US BSL CLO managed by First Eagle Alternative Credit, has priced via Goldman Sachs.The capital structure was modified to increase the credit enhancement of the ......

    13 March 2023

  • CLO Markets Daily - 13 March 2023

    *EU new issues: Canyon 22-1 priced*iTraxx Xover spreads are more strongly correlated with CLO spreads than iTraxx Main spreads, says BofA*US CLO triple-A prices have been stable through the 2021-2022 ......

    13 March 2023

  • CLO Markets EU Deal Alert - 13 March 2023, 16.00 UK time

    Canyon Euro CLO 2022-1, the inaugural European CLO of Canyon CLO Advisors, has priced via Jefferies.The non-call period ends after two years, compared to the 1.5 years indicated at the ......

    13 March 2023

  • Correlation considered

    Correlations between CLO and iTraxx spread changes have increased significantly since the pandemic with Xover more strongly correlated than the Main index, according to recent research from Bank of A ......

    13 March 2023

  • US CLO AAAs less prone to MTM losses

    US CLO triple-A prices have been stable through the 2021-2022 period relative to corporates and MBS bonds, and CLOs' floating rate nature could insulate the portfolio from MTM losses, BofA ......

    13 March 2023

  • CLO Markets Daily - 10 March 2023

    *EU new issues: Permira’s Providus VIII priced; Madison Park Euro Funding XIX marketed*US new issues: Sycamore Tree CLO 2023-3’s senior triple As price at SOFR+220bp*Tier-one mana ............

    10 March 2023

  • 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
×