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CLO pipeline: refinancings to make a comeback
6 years ago
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
6 years ago
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
6 years ago
Fresh off pricing a European CLO, PGIM is marketing what will be its second new US CLO of the year -
European CLO volumes reach €10 billion in 2019 as PGIM prices
6 years ago
The deal also features three fixed-rate tranches -
CLO pipeline: managers seek to return as others arrive, after testing Q1
6 years ago
With the first quarter of 2019 now in the books, the CLO market looks to be continuing where it left off. -
PGIM markets new European CLO with Deutsche Bank
6 years ago
PGIM is back in the European CLO primary market after five months, with the manager marketing a new issue deal named Dryden 69 Euro CLO 2018 -
PGIM favours short-dated CLOs with its second reset of the year
6 years ago
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
6 years ago
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
6 years ago
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
6 years ago
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
6 years ago
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
6 years ago
PGIM has continued its print and sprint strategy with a second short CLO in as many months, as the primary market finally reawakens -
Euro CLO league tables: New issues dominate in record-breaking year
6 years ago
The European CLO market bloomed to the fullest in 2018 and new issue volumes broke all records as €27.59 billion of new paper entered the market. Including all forms of refinancings, 2018 volumes reached €43.68 billion – just €2.05 billion short of 2017’s figures -
PGIM takes advantage of loan volatility to price opportunistic one-year CLO
6 years ago
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
6 years ago
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
6 years ago
Barclays has priced its first new issue US CLO for PGIM in a $506.35 million transaction named Dryden 70 CLO -
PGIM gets its kicks on Dryden 66 European CLO
6 years ago
PGIM has brought its sixth European CLO of the year, pricing the €411 million Dryden 66 via Credit Suisse, according to market sources. The transaction’s €238 million triple-A tranche hit the tight end of recent European deals at a coupon of Libor plus 96bp -
PGIM becomes latest to price long-reinvestment US CLO in $509 million deal
6 years ago
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
6 years ago
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
7 years ago
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 -
Euro CLO league tables: PGIM climbs to the top after sterling effort
7 years ago
PGIM is leading 2018 European CLO manager rankings. Its recent deals include a sterling-denominated CLO and a reset of a 2014 deal -
PGIM scoops up manager rights for two TCI-Cent CLOs
7 years ago
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
7 years ago
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
7 years ago
PGIM priced its ninth new issue CLO of 2018 last night, becoming just the second manager this year to reach this feat -
PGIM scores August's tightest five-year CLO print at 110bp
7 years ago
PGIM priced a reset of its 2015 deal Dryden 40 Senior Loan Fund on Friday via Goldman Sachs
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