CLO b-wic lineup shows it’s never too late to trade 1.0 equity
Old legacy deals make a comeback today as €37 million and $12 million of 1.0 equity is up for grabs in two European deals - Eurocredit CDO VI and Oak Hill European II - and one US deal, Gale Force 3 CLO.

CLO b-wic line-up: control equity in Investcorp euro deal goes under the hammer again
An investor is looking to sell a control equity position in Investcorp Credit Management’s 2015 European deal, Harvest XI

CLO b-wic line-up: equity in 2.0 CLO with the lowest funding costs hits the market
It is set to be an eventful day for the secondary market as $264 million of US CLO b-wics and €35.9 million of European CLO b-wics are taking place

European CLO round-up: wider it goes, but there's more to it than meets the eye
There’s no escaping it; European CLO spreads are drifting wider, but there may be more to it than meets the eye

European CLO manager diversification is increasing, conference hears
European CLO managers have begun to pursue an active management strategy, says IMN panel

Och-Ziff prices new European CLO to make it 24 active managers in 2018
Market sources say that Och-Ziff Capital Management has priced its first European CLO of 2018 in a €412.8 million transaction led by Citi

Euro league tables: CSAM brings €1 billion of issuance to the CLO market
There was €3.2 billion of CLO issuance in May with CSAM contributing almost a third of that

Portfolio manager central to European CLO expansion to leave Neuberger
One of the key figures behind the launch of Neuberger Berman’s European CLO business is set to leave the firm

US manager plans debut 2.0 European CLO, six years after selling 1.0 deals
A large US CLO manager is warehousing its first 2.0 CLO in Europe

CLO spreads disperse as Japanese investors reallocate to triple As at fiscal year end
The past two months saw backup on CLO liability pricing on both sides of the Atlantic for the first time in years, this coming at the time of year when Japanese banks plan their CLO allocations

Term structure is being developed for floating rate benchmark SOFR, says LSTA
The Secured Overnight Financing Rate, known as SOFR, is being developed into a term structure

CLO resets should be used to renegotiate, conference hears
A short-dated reset looks very much like a refinancing, but it also gives managers and investors the all-important opportunity to renogotiate terms

CLO b-wic line-up: over $300 million of senior CLO paper goes on the block
Senior notes dominate the secondary market today as $306.5 million worth of triple A notes are up for grabs

CIFC selects Deutsche Bank to arrange first European CLO
CIFC Asset Management has mandated Deutsche Bank with warehousing its first ever CLO in Europe

Five Arrows prices new European CLO via Morgan Stanley
Five Arrows has returned to the new issue CLO market, pricing its first transaction of the year with triple As at 82 basis points

Alcentra markets its first new issue European CLO of 2018
Alcentra is launching its first new issue CLO of the year with pricing expected in the next two weeks

58% of US CLO managers will keep risk retention funds in place, finds Maples
Maples and Calder has surveyed US CLO managers and found that 58% will keep funds in place, while 61% plan to sell some or all of their retention interest

PGIM issues new euro CLO without floating rate double As
PGIM issued its fifth new issue CLO of 2018 yesterday in a €465.03 million transaction arranged by Barclays

Sterling-denominated CLOs to make a comeback as NatWest returns to market
PGIM is working with NatWest to launch a CLO transaction denominated in pound sterling