US life insurers grew their CLO investments by 31% in 2018, finds Moody's
US life insurers held $79.4 billion in CLO exposure at the end of 2018, which is up 31% from the amount held at the end of 2017, according to a report by Moody’s Investor Service

Controlling equity stake in 2018 CLO fails to trade in secondary market
Over 90% of an equity tranche from a 2018 Sound Point Capital Management CLO was available on b-wic yesterday but failed to trade  

Correction: US CLO round-up: newcomers make waves in CBOs and mid market
The CLO market is showing little sign of constraint as three new names entered the market last week – two debut middle market deals priced while one US CBO closed

PGIM prices new issue CLO via RBC as triple A spreads tighten
PGIM yesterday priced its seventh CLO transaction of the year, teaming up with RBC to issue Dryden 68

Global b-wic round-up: Short-dated CLO paper hits the market
Last week brought over $800 million of b-wics listed in the US CLO secondary market for the first time this month, with around 10% being paper that had a reinvestment period that ended in 2019.

Managers slide down term curve
PGIM and Voya were among managers issuing short dated deals in the first quarter. These CLOs, along with a surge in b-wics, kept up the supply of short dated paper as refinancings fell away

CLO pipeline: refinancings to make a comeback
CLO refinancings look set to continue their recent surge in the US CLO market, with another five refinancings and two resets appearing in the pipeline.

PGIM prices triple As at 133bp in one of the tightest new CLOs of the year
PGIM priced its latest new CLO yesterday, named Dryden 72 CLO, with triple As at 133 basis points over Libor

PGIM prepares new US CLO via Goldman Sachs
Fresh off pricing a European CLO, PGIM is marketing what will be its second new US CLO of the year

CLO pipeline: managers seek to return as others arrive, after testing Q1
With the first quarter of 2019 now in the books, the CLO market looks to be continuing where it left off.

PGIM favours short-dated CLOs with its second reset of the year
PGIM priced its second CLO reset of the year yesterday, teaming up with Goldman Sachs to rework its 2014 vintage transaction named Dryden 36 Senior Loan Fund

US CLO league tables: new issues drive volumes as Morgan Stanley and Citi occupy top two spots
Two months into 2019 and the US CLO market looks very different to previous years, as the balance of deal origination has changed

PGIM prices largest CLO transaction since May in billion-dollar reset
PGIM priced 2019’s biggest CLO transaction so far yesterday with a $1.01 million reset arranged by Goldman Sachs

Keep calm and buy corporate loans
Calm heads prevailed in 2018. Markets were volatile and risk retention was supposed to cause problems, but there was no need to panic and volumes went on to break records set in 2014

US CLO round-up: Dry January ends early as spreads get hammered
Is the 2019 vintage going to be a classic? It's certainly started off slow, but it could mature into something very special if loan volatility persists

PGIM redeploys print and sprint strategy, pricing second short new issue via Jefferies
PGIM has continued its print and sprint strategy with a second short CLO in as many months, as the primary market finally reawakens

PGIM takes advantage of loan volatility to price opportunistic one-year CLO
PGIM has accomplished its goal after pricing an opportunistic CLO, which takes advantage of falling secondary market loan valuations

PGIM markets US CLO with highly-diversified portfolio and one-year investment window
PGIM is marketing a new US CLO featuring a highly diversified portfolio exposed to 466 loans, sources say

Barclays prices US CLO for new client PGIM
Barclays has priced its first new issue US CLO for PGIM in a $506.35 million transaction named Dryden 70 CLO

PGIM becomes latest to price long-reinvestment US CLO in $509 million deal
Yet another US CLO manager has opted for a long-reinvestment CLO with PGIM yesterday pricing a deal with just over five years of reinvestment

PGIM prices its largest CLO reset of the year
PGIM priced its largest CLO transaction of the year to date on Friday, issuing a $666.6 million reset via Goldman Sachs

Updated, upgraded and ready to launch
Whether it’s a software update or a full-blown upgrade to a newer model, CLO technology is advancing fast, with Be-Spoke and Ellington the latest to launch new types of securitisations

PGIM scoops up manager rights for two TCI-Cent CLOs
The portfolio management rights of two CLOs that were managed by Columbia Management have transferred to PGIM

Global CLO round-up: buttermilk-shakes things up as CLO spreads go everywhere
Ahead of the US Labor Day weekend, CLO issuers have been grafting away with $6.5 billion pricing across the US market through 11 deals

PGIM prices its ninth new issue CLO of the year
PGIM priced its ninth new issue CLO of 2018 last night, becoming just the second manager this year to reach this feat