CLO boom encourages new ideas
Volumes are up, spreads are down and risk retention is a doddle. That must mean it’s time to push the boat out and innovate

Morgan Stanley gets busy in the US CLO primary market
Morgan Stanley’s team was busy in the US CLO primary market yesterday, pricing not only the refi of a large 2015 CLO, but a third new deal of 2017 for one of the market's biggest managers

CLO round-up: triple-A investors answer the call as spreads hit 118bp
Hold the phone, CLO triple-A spreads are as tight as 118bp. That's if you're lucky enough to be on the approved list of a major Japanese bank

Napier Park completes its refi business after pricing Regatta IV
Napier Park Global Capital has refinanced Regatta Funding IV, which means that the CLO manager has now refinanced all of its eligible deals

Mid-west pension fund approves credit allocations to KKR and Avenue
A mid-west pension fund has upped its allocation to KKR’s latest direct lending strategy

SEC charges ex-Nomura CMBS traders with fraud
The SEC yesterday said that two former Nomura CMBS traders, James Im and Kee Chan, misrepresented price information to clients in trades where they were acting as intermediaries

CIFC achieves 102bp triple-A print as it refinances 2013 CLO
CIFC Asset Management has now refinanced eight US CLOs in the last nine months with sources indicating that the firm completed a refi of CIFC Funding 2013-III on Friday

Distressed debt pays off for RIT as it boosts allocation to credit
Listed vehicle puts additional capital into London-based Attestor Capital

Bain prices 2017's first CLO reset in $684 million deal
Bain Capital Credit has priced the first US CLO reset of 2017, according to market sources

PineBridge becomes latest European manager to price CLO reset
PineBridge Investments has priced a reset of its debut European 2.0 CLO, according to market sources

Oak Hill to squeeze in one more CLO primary deal before year-end
Oak Hill Advisors has had a manic month in the primary CLO market, and it appears the manager is looking to squeeze one final deal in before year-end

CSAM prices $762 million risk retention-compliant US CLO
Credit Suisse Asset Management has priced a new risk retention-compliant US CLO, according to market sources.

CSAM markets $759 million risk retention-compliant CLO
Credit Suisse Asset Management is in the market with a new risk retention-compliant CLO, according to market sources. 

$102 million trades in busy day in CLO secondary market
Yesterday was a busy day for US CLO traders as just shy of $102 million traded on bid lists in the secondary market.

Double-B spread dispersion continues on busy day in CLO secondary
Junior CLO spreads continued to edge tighter yesterday, as $90.4 million of 2.0 tranches traded in the secondary market. However, spread dispersion became even more pronounced for double-Bs, which traded in a 700bp range

Canyon issues junior triple-A notes as it prices $451 million CLO
Canyon Capital Advisors has priced its first CLO of the year, according to market sources

Two banks dominate as $102 million trades in CLO secondary market
Two dealers emerged as the dominant players on another busy day in the secondary CLO market yesterday

Verso default triggers CLO 2.0 market's first OC breach
A 2013 CLO US CLO has become the first post-crisis deal to trip an overcollateralisation test, according to CLO-i

Finding value amid volatility
Researchers and strategists had plenty of tips last month about where to find opportunities in volatile credit markets. We pick 10 of the most eye-catching findings

Don’t listen to the talk, mezz definitely isn’t dead
It was written off after the crisis, but mezzanine debt is proving as popular as ever

Columbia CLO secures 147bp triple-A print after $200 million upsize
Columbia Management has priced its second CLO of the year, according to market sources

Babson CLO with 18% running IRR will be redeemed next week
A 2005 CLO managed by Babson Capital Management will be redeemed next week, according to CLO-i