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Assured confirms Bain Euro CLO wrap trade
3 years ago
Assured Guaranty has confirmed it guaranteed the triple A tranche of the European CLO -
Bain's 2021 new issue CLO volume rises to $2.9 billion with sixth deal
3 years ago
Bain Capital Credit on Tuesday priced its sixth CLO of the year, bringing its volume for 2021 up to $2.9 billion -
US CLO pipeline: Go long! Refis fall from favour as AMMC looks to join list of 2021 issuers
3 years ago
The only record left to fall this year in US CLOs is 2017’s refinancing total of $102.8 billion with the market $6.3 billion shy. Yet this segment shows little interest to break more records with the pipeline filled with new issues and resets as longer tenured deals are preferred. -
Investors behind CLO guarantees emerge as Assured wraps third deal
3 years ago
A bank and an insurer have emerged as the two investors behind Assured Guaranty’s financial guarantees of recent CLO trades. And Assured Guaranty has provided a guarantee to an investor on a third European CLO -
Bain prints second European CLO new issue of 2021
3 years ago
.Bain’s latest deal, Bain Capital Euro CLO 2021-2, comes just four months after it priced its first new issue of the year -
CLO reset surge extends with over $1.7 billion pricing on Friday
3 years ago
CLO reset supply was elevated for a second consecutive day on Friday as $1.7 billion priced across four deals -
New issues take a backseat as US CLO market absorbs three resets and a refi
3 years ago
CLO primary market activity was briefly diverted away from heavy new issue supply on Thursday and attention turned to resets and refinancings, with four deals printing in total -
Bain notches up fifth US CLO of 2021 with volumes passing $2.4 billion
3 years ago
Bain Capital Credit has priced its fifth new US CLO of the year, bringing its issuance volume for 2021 to $2.44 billion -
Bain passes $2 billion of CLO issuance in 2021
3 years ago
Bain Capital Credit priced its fourth US CLO of the year on Thursday, bringing its new issue volume for the year over the $2 billion mark -
Prolific 2020 US CLO issuer resets triple As at 117bp
3 years ago
Bain Capital Credit, which issued five US CLOs last year, has got round to reworking the first of these by resetting Bain Capital Credit CLO 2020-2 -
Global CLO trading lab: quality and optionality shine as 2020 and 2019 mezz trades up
4 years ago
The primary and secondary CLO markets are moving in tandem with both markets drifting wider amid a wealth of supply -
CLO equity fluctuates as resets trigger upsizes and downsizes
4 years ago
A once-rare move of CLO issuers upsizing or downsizing their equity tranches in resets is entering the mainstream -
Global CLO pricing lab: let’s all point at that 108bp print while spreads leak out
4 years ago
The tsunami of CLO paper coming to market is the biggest technical factor causing spreads to widen, according to sources -
Bain passes €1 billion mark for Euro CLO 2021 volume with new issue
4 years ago
-Bain Capital Credit has taken its 2021 European CLO volume to over €1 billion in pricing its latest new issue, Bain Capital Euro CLO 2021-1 -
CLO pipeline: queue gets longer as Blackstone goes again and Sancus makes first move
4 years ago
The queue to price for US CLO managers is only getting larger with 18 new issue CLOs in the pipeline, according to market sources, along with 18 repricings and two new issue European CLOs and two mid market CLO resets -
Bain and CIFC score sub-100bp CLO prints with one-year reinvestment deals
4 years ago
Bain Capital Credit and CIFC Asset Management returned to the primary market on Thursday to refinance 2017 CLOs, each scoring triple A prints tight of 100 basis points -
Supply/demand technical forces CLO spreads to shoot wide
4 years ago
CLO spreads defied positive economic conditions and blew out in March and April. The widening came despite ample liquidity and investors looking to rotate into floating rate assets -
Bain and Citi print first new issue US CLO as partnership since 2018
4 years ago
Bain Capital Credit priced its third new CLO of the year on Wednesday, teaming up with Citi for the first time on a new issue deal since 2018 -
CLO pipeline: go long! new issues and resets push refis aside
4 years ago
The CLO market is ready to go beyond refinancings - after this year's opening blitz of those deals - into the longer tenored territory of resets and new issues -
Bain prices second CLO of 2021 just one day after closing first
4 years ago
Bain Capital Credit priced its second new issue CLO of 2021 on Friday, teaming up with Barclays on the $408.4 million deal named Bain Capital Credit CLO 2021-2 -
Bain partners with Jefferies on $466 million CLO reset
4 years ago
Bain Capital teamed up with Jefferies on Thursday ro reset its 2019 CLO named Bain Capital Credit 2019-1 -
Bain saves 19.2bp on European CLO funding costs with partial refi
4 years ago
Bain Capital has partially refinanced the three most senior tranches of its European CLO, Bain Capital Euro CLO 2018-2 -
CLO refi paper worth $1.61 billion hits market
4 years ago
Five managers have printed transactions worth a combined $1.61 billion over the last few days, in a CLO refinancing bonanza -
CLO double Bs hit 2021 wides as Bain injects equity into 2014 European reset
4 years ago
CLO double B reset levels tightened in February but have since widened to 710bp -
Refis price on top of new issues as four managers print US CLOs
4 years ago
Four US CLO refinancings priced yesterday, giving the impression that CLO pricing is fitful and the term curve flat
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