CLO Markets
All Update archive
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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
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CLO Markets EU Deal Alert – 12 September 2022, 9.00 UK time
Some price whispers are circulating for Contego CLO X, according to investors.Pricing is expected next week via Barclays. The deal is managed by Rothschild’s Five Arrows Managers.The firm&a ............
12 September 2022
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CLO Markets US Deal Alert – GSAM's Battery Park CLO II priced
Battery Park CLO II, a US BSL CLO managed by Goldman Sachs Asset Management, priced today via Wells Fargo.The senior FRNs priced at a DM of +230bp. ......
9 September 2022
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CLO Markets EU Deal Alert – 8 September 2022, 18.30 UK time
Deutsche Bank is marketing Bosphorus CLO VII, a European CLO managed by Cross Ocean Adviser LLP. Pricing is expected next week., according to investors.The Class A has a protected order.The ......
8 September 2022
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CLO Markets US Deal Alert – 6 September 2022, 19.20 UK time
Deutsche Bank is marketing LCM 39, a US CLO managed by LCM EURO II LLC.The double-Bs are guided at 815-830bp. Pricing is targeted for mid-September.The transaction will be structured with ......
6 September 2022
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CLO Markets Daily – 6 September 2022
*US new issues: senior triple As of Invesco CLO 2022-3 (2NC/5RP) price at SOFR+199bp; update on Atlas Senior Loan Fund XXUS PRIMARY MARKETInvescoInvesco CLO 2022-3 priced today via Natixis. The ......
6 September 2022
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CLO Markets US Deal Alert – 6 September 2022, 16.15 UK time
Invesco CLO 2022-3 has priced via Natixis. The deal managed by Invesco CLO Equity Fund 3 LP.The senior triple-As priced at SOFR+199bp (no guidance was available for this tranche).The equity ......
6 September 2022
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CLO Markets Daily – 5 September 2022
*EU new issuance reaches €1.16bn in August*Industry selection will be crucial for CLO managers going forward, says BofAEU CLO ROUNDUPIssuance reached €1.16bn in August across three ............
5 September 2022
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EU CLO roundup - August 2022
*EU new issuance reaches €1.16bn in August*Triple-A bid in the primary market seemed a bit thin, spreads remained wide in August, says Orchard’s Rachit Prasad*Uptier Priming Debt p ............
5 September 2022
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CLO Markets Daily – 2 September 2022
*EU new issues: Trinitas III triple-As 0.7x-0.8x covered; mezz talk widened*EU triple-As widen in secondary market but remain under 200bp*Worst is yet to come for European HY spreads this year, ......
2 September 2022
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CLO Markets EU Deal Alert – 2 September 2022, 17.10 UK time
Trinitas Euro CLO III’s price talk has been widened, according to investors.The double-Bs are now talked at 925-950bp, compared to 875 area previously.The deal is managed by Trinitas Capita ............
2 September 2022
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CLO Markets Daily – 1 September 2022
*US new issues: senior triple-As of Barings CLO Ltd. 2022-III (2NC/5RP) price at +190bp*WAL test extensions to gain prominence if EU CLOs cannot reset, says S&PUS PRIMARY MARKETBaringsBarings ............
1 September 2022
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CLO Markets US Deal Alert – 1 September 2022, 15.50 UK time
Barings CLO Ltd. 2022-III has priced via BofA. The deal is managed by Barings LLC.The senior triple-As (Class A-1 notes) priced at +190bp. The stated maturity of these Class A-1 ......
1 September 2022
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WAL test extensions to gain prominence if EU CLOs cannot reset, says S&P
European CLOs may be limited in aiding corporate loan refinancing and amendment requests, due to fewer refinancing opportunities for their own liabilities, says S&P Global Rating, adding that ............
1 September 2022
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CLO Markets Daily – 31 August 2022
*EU secondary market: today's covers reflect weakness in broader markets *US new issues: Guidance out for Voya 2022-3*Morningstar LSTA US Leveraged Loan Index default rate could ris ............
31 August 2022
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CLO Markets Daily – 30 August 2022
*EU new issues: Trinitas Euro CLO III marketed*US new issues: Golub marketing dual-currency ($/€) static middle-market CLO*US institutional leveraged loan default rate reaches 1% year to dat ............
30 August 2022
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CLO Markets US Deal Alert – 30 August 2022, 15.10 UK time
Golub is in the market with a dual-currency static middle-market CLO, called Golub Capital Partners Short duration 2022-1. Some €70m of euro-denominated are being offered, along with $700m o ............
30 August 2022
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CLO Markets EU Deal Alert – 30 August 2022, 15.30 UK time
Jefferies is marketing Trinitas Euro CLO III, a CLO managed by Trinitas Capital Management (White Star Asset Management Group).The deal has a c.4.5 RP. All debt tranches are available. The ......
30 August 2022
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CLO Markets US Deal Alert – 26 August 2022, 18.20 UK time
Capital Four US CLO II, a static US deal, has priced via JPMorgan.The transaction, managed by Capital Four US Inc, has a non-call period of one year.The manager priced an ......
26 August 2022
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CLO Markets EU Deal Alert – 26 August 2022, 18.00 UK time
Redding Ridge is looking to place the triple-As of RRE 14 Loan Management, according to investors. The other tranches look set to be purchased by Redding Ridge (the Apollo group) ......
26 August 2022
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CLO Markets US Deal Alert - Palmer Square CLO 2022-5 priced
Palmer Square CLO 2022-5 priced today via BofA after being upsized by c.$100m.The transaction is managed by Palmer Square Europe Capital Management and has a 2NC/5RP term structure.The preliminary OC ......
23 August 2022