Large US banks shed $8.5 billion of CLOs as others step up
Three of the largest investment bank buyers of CLO paper - Citi, JP Morgan and Wells Fargo - cut their portfolios by a combined $8.5 billion in this this year's second quarter

Position cutting tames market rally and strategists warn on primary impact
Caution is the watchword across financial markets on Tuesday, with the strong recent run giving way to hedging and position cutting ahead of a much-anticipated US inflation reading on Wednesday

US CLO league tables: Citi closes in on BofA’s lead
Despite market slowdown, US CLOs continue to produce steady monthly volumes over the $10 billion mark. July brought an influx of $11.99 billion to the US market from 28 new issue deals

Allstate prices US CLO with tight coupons as triple As hit 205bp
Allstate Investment Management has priced its second CLO of the year at what appears to be a much tighter level than other five-year US deals

Spreads for five-year CLOs reach new wides with AGL triple As at 215bp
Spreads for five-year reinvestment CLOs reached new wides on Monday as AGL Credit Management printed a new deal with a triple A coupon of 215 basis points over Sofr

PGIM goes for three years of reinvestment with new US CLO
PGIM opted for a shorter three-years of reinvestment on its latest CLO

Global CLO league tables - June 2022 YTD
Global CLO league tables - June YTD

US CLO league tables: Heavyweights knock deals out as familiar faces stay top
In June 25 managers braved the US CLO market, among which only Columbia Management priced its first deal of the year

Loan traders eagerly await electronic trading solution
The announcement of Octaura’s electronic loan and CLO trading platform last month has been met with positivity by market participants, who laud the unified approach taken by large investment banks in supporting the initiative

CLO spreads are not pricing in recession: JP Morgan
CLOs are priced fairly for a growth slowdown but not a recession, according to JP Morgan credit strategists, who warn spreads are at risk if US growth contracts

Palmer Square's CLO volumes for 2022 pass $3 billion
Palmer Square Capital Management's 2022 US CLO volumes surpassed $3 billion on Tuesday after it priced its fifth new issue named Palmer Sauare CLO 2022-3

KopenTech launches digital peer-to-peer CLO trading platform
Los Angeles-based FinTech platform Kopentech has launched a digital peer-to-peer trading platform for CLOs

JP Morgan holds place as CLO market's largest noteholder
JP Morgan remained the world's largest CLO noteholder at the end of the first quarter, with $59.69 billion invested in the asset class as of 31 March - an increase of $1.11 billion from year-end

Credit lacks 'good answer' on what could cap spread widening: JP Morgan
Without any clear candidates to put a lid on spread widening, investment grade and high yield credit markets look set to extend much wider than current levels, warn JP Morgan strategists

Octaura's real-time trading solution paves way for loans and CLOs to drop illiquid tag
The unprecedented cooperation between CLO trading desks that culminated last week in the launch of Octaura could change the way credit investors judge the relative value merits of loans and CLOs versus liquid alternatives such as high yield bonds

KKR prints its first static BSL CLO
KKR Credit begun a new series of static CLOs after teaming with JP Morgan on a deal named KKR Static CLO I

Seven dealers join forces over loan/CLO platform led by Bejile's Octaura
The industry-wide initiative to create an electronic loan and CLO trading platform has taken a big step forward with Citi’s Brian Bejile spearheading newly-formed Octaura Holdings. 

Ares prints second loan-only CLO in space of just seven days
Ares Management has priced its second new loan-only CLO in the space of a week

Global CLO league tables - May 2022 YTD
Global CLO league tables - May YTD

US CLO league tables: Massive Octagon CLO keeps BofA in lead as top managers tap new issues
For the second straight month, the US CLO market issued $12.5 billion of paper. But unlike April, which was all new issuance, May had one refinancing and the first reissue in the market since October

We’ll get through this awkward patch
Wide liabilities have made pricing CLOs trickier in the past few months. But speakers at Creditflux’s CLO Symposium were optimistic that the arbitrage is OK — so long as you can place those triple As

Weekly new CLO volume hits $2.3 billion with Trinitas US deal
Trinitas Capital Management, the CLO manager arm of Whitestar Asset Management, has become the sixth manager to price a new US CLO this week, bringing weekly supply to $2.3 billion

CSAM prints US CLO with triple As paying 153bp
Credit Suisse Asset Management has priced a new CLO with senior triple A notes yielding 153 basis points over Sofr

Orix returns to CLO primary with rare four-year reinvestment structure
Orix Advisers has returned to the CLO primary market with its first new issue in six months

Sculptor prints first new US CLO of 2022
Sculptor has issued its first new CLO of 2022, teaming up with JP Morgan to print the transaction