Manager shoots for the moon to price its third CLO of the year
A credit manager has issued its third CLO of the year after hiring Deutsche Bank.

Prudential legacy CLO liquidates for 12.5% IRR
A pre-crisis CLO managed by Prudential has delivered solid returns to equity after being called

Miami manager earns $50 million for new mid-market loan fund
A credit manager has earned $50 million from a regular client for a mid-market credit fund

Mizuho embarks on European high yield expansion from London
After a spate of departures, Mizuho is building out its high yield capabilities in London

DA Capital leads former CLO managers looking for a way back
The resurgence of the CLO market is prompting firms that exited the business after the crisis to reconsider

Boston-based manager prices first CLO of 2014 via Wells Fargo
Wells Fargo brings a $407.3 million transaction to market

Large credit manager raises $700 million for new distressed debt fund
A large credit manager has been highly productive in the last month after adding a $1 billion-plus CLO to its collection and holding a first close of $700 million on a new special situation fund

BAML achieves tightest print in two months on new US CLO
Bank of America today priced a $566 million CLO for one of the largest global CLO managers

Sankaty CLO re-price could see spread widening
Race Point CLO VI refinanced four debt classes yesterday, while the class E notes are thought to be undergoing a re-price

New fund invests in Och Ziff CLO and eyes role as originator in Europe
A new CLO fund raised has made its first primary market investment - and is now eyeing a key role as a European CLO originator

BAML prints CLO for fast-growing $45 billion manager
A credit manager has now priced its eighth CLO in little over two years

Control investor sells majority stake in illiquid Pimco CLO
A 2007 Pimco CLO made its first secondary market appearance yesterday after a control investor sold its stake

US CLO head exits RBS ahead of move to top CLO manager
The head of US CLO origination at RBS, Matt Andrews, is said to have left the bank ahead of a move to a leading CLO manager

CIFC prices CLO to lift 2014 volumes to $89.9 billion
Global CLO volumes this year have now moved to $89.9 billion after CIFC Asset Management yesterday priced a $626.5 million deal

Strongly performing Apollo CLO redeems with mid-teen IRR
Apollo CLO paid off its liabilities on 24 July

Taking coupons into account
Sara Cecchetti and Antonio Di Cesare show that bond yields and spreads are not good indicators of default risk – and that coupon rate is an important driver of the yield curve

Ares joins billion dollar club as US CLO issuance passes $73 billion
At $1.26 billion, Ares XXXI is the second-largest CLO 2.0 and the seventh-largest ever US CLO