Auction shows continued demand for CLO triple As
A bid list of five upper mezzanine CLO bonds resulted in higher than expected prices on Thursday, suggesting that demand for high quality CLOs in the secondary market continues to remain strong

Broker-dealer wins large CDO liquidation mandate
A New York-based firm has won the mandate to manage next week’s liquidation of a $2.5 billion structured finance CDO, according to market sources

Manager seeks to offload CLO tranches
A CDO manager has put out its own bid-wanted-in-competition list for today at 11 am New York time comprising a series of bonds managed by respected CLO managers

Buyers snap up selected secondary CLOs
Sellers of CLOs in the secondary market hit a mixed response last week, with some positions getting snapped up, while others failed to attract desired levels

Distressed buyer secures 40 cents payback on senior CDO notes
The senior investor in Mantoloking CDO 2006-1, a CDO of ABS that was recently liquidated, received 40% of the face value of the notes from the sale of assets according to an announcement by Moody’s yesterday

“Outlier” mid-market CLO attracts eye-catching bid
During Wednesday’s forced liquidation of 12 CDOs, a mid-market CLO triple B bond surprised market participants when it covered at a price some 50 points higher than other mid-market triple Bs

US CLO sellers test demand for double As and triple Bs
Several cash CLO auctions took place on Tuesday and produced a high number of trades, according to market sources

Mid-market CLOs and CRE CDOs set to hit market today
A bid list due today at 11am New York time will test demand for middle market CLOs, which have typically traded at a discount to broadly syndicated CLOs

Hedge fund pulls off audacious CDO break-up trade
A New York-based hedge hit the jackpot last month after an audacious CDO break-up trade resulted in what seems to have been a spectacular profit

Early vintage CLOs see strong demand
Triple A bonds from 2006 and earlier now commonly trade in the high 80s to low 90s range, says a dealer that bought two bonds from an auction this week

CLO equity holders come out of the woodwork
New bid list activity suggests that sellers of CLO equity are starting to emerge with more frequency and with larger size offerings

Holders auction portfolios as demand for trups CDOs grows
Two auctions of trups CDOs in recent weeks suggest that secondary activity may be rising in this sector of the CDO market

Rare CLO equity bwic hits market
A seller of CLO equity positions has bids due today

US publisher bankruptcy hinges on exchange offer
Educational publisher Haights Cross Communications announced yesterday that it will extend the expiration date for its private exchange offer in hopes of avoiding bankruptcy.

Alarms ring with Northern Rock's coupon deferral
Northern Rock announced yesterday that it will be defering payment on all coupons for its upper tier-two and tier-one debt.

CLO-squared liquidation will test mezzanine CLO demand
A 2005 vintage CLO will liquidate today test demand for CLO mezzanine tranches

Loan-to-bond switch sees name drop out of LCDX
Loan-only credit default swaps referencing a double B rated wireless company have been cancelled, after the company disclosed in its quarterly earnings filing last week that it has repaid its loans

CLO portfolio liquidation finds ready buyers
The auction of a portfolio of mezzanine CLO bonds shows the continued risk appetite in the secondary CDO market