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Global CLO b-wic round-up: fixed tranches make their way into European secondary
6 years ago
Last week brought the first instance of fixed coupon tranches trading in the European CLO secondary market this year, according to CLO-i. -
Euro CLO b-wic round-up: mezz is where the money is
6 years ago
This year, there has been one constant: junior mezzanine tranches have accounted for most listings on the secondary market -
US CLO b-wic round-up: fixed tranches search for secondary value
6 years ago
US CLO b-wics brought a surprise last week as $51.25 million of fixed double A notes became available in the secondary market -
Managers back AMR following CLO auction improvements
6 years ago
Applicable margin reset (AMR) protocol, though untested as yet, is beginning to gather steam in the CLO industry -
Managers swoop on largest DIP in years
6 years ago
San Francisco-based Pacific Gas & Electric has tapped $5.5 billion of debtor-in-possession financing. Restructuring is likely to be fraught, but ten CLO managers have bought the loans -
Just because there have always been loan fees doesn’t mean they are the right way of doing things
6 years ago
Scrapping loan transfer costs of up to €3,500 per transaction is a bridge Europe should cross for the sake of liquidity -
Junior debt investor looks to flip recently-priced CarVal CLO
6 years ago
Pancake Day brings double Bs from a CarVal CLO which is hot off the stove -
Global CLO b-wic round-up: record February underscores secondary market value
6 years ago
A roaring February, bringing $2.615 billion listed in the US CLO b-wic market, ended with only a murmur last week -
Global CLO b-wic round-up: momentum stalls in CLO secondary market
6 years ago
Only $589.94 million worth of assets were posted on CLO b-wics last week with a US public holiday disrupting the flow. But the trade rate was high with some $422.74 million of CLOs changing hands. -
Euro CLO b-wic round-up: triple A notes boost volumes
6 years ago
At first glance, the European CLO secondary market has matched its US counterpart with b-wic volumes peaking last week -
US CLO b-wic round-up: secondary market continues its hot streak
6 years ago
The US secondary CLO market last week reached its busiest pace of the year so far with $1.1 billion worth of b-wics posted, a 30% increase on the week before -
2018 US CLOs pour into secondary market amid dry spell in primary
6 years ago
With the 2019 CLO market still warming up, investors are trading 2018 bonds in the secondary market. Last week just under a quarter of all b-wics featured 2018 CLOs, with reissues in particularly high demand -
Podcast: Secondary loans rebound, CLOs widen and covenants deteriorate
6 years ago
Creditflux, Debtwire and Xtract discuss the current state of the market -
Q4 2018, which had loan price volatility without defaults, was close to nirvana for CLO investors
6 years ago
The current vintage of CLOs could be the best ever if the volatility in Q4, when retail funds dumped loans, repeats itself, says our columnist Thomas Majewski -
European CLO equity in focus for secondary market with 50% trade rate
6 years ago
European CLO equity valuations ranged from the 50s to 70s, but only two our of four positions traded yesterday -
Goldentree floats price talk on 2019 CLO as market searches for a floor
6 years ago
Strong demand for a manager with a strong balance sheet to kick off 2019 -
European CLO secondary market wakes up as several b-wics emerge
6 years ago
European CLO issuance has been non-existent since 26 November, but a flurry of CLO b-wics have been posted over the last few days, which should give investors an indication of where bonds are trading following the prolonged period of inactivity -
Strong demand for euro CLO triple As suggests expectations of a refi wave
6 years ago
A high volume of European CLO triple A bonds were marketed on bwics to trade today at 10am London time -
Neiman Marcus loan slumps amid debt restructuring talks
6 years ago
The luxury fashion retailer’s $2.95 billion cov-lite term loan B, due October 2020, traded down 1.65%, according to IHS Markit -
Lifelong CLO trader joins Nomura as head of US CLO origination
6 years ago
One of the most experienced names in US CLO trading has joined Nomura to lead its new issue business, sources say -
Buy and hold isn’t only option for CLO equity
6 years ago
New US CLO equity is being more regularly flipped into b-wics. Figures suggest that equity pieces of 2017 and 2018 US deals made up 22% of the b-wic market over the past four quarters -
Buy and hold isn't only option for CLO equity
6 years ago
New US CLO equity is being more regularly flipped into b-wics. Figures suggest that equity pieces of 2017 and 2018 US deals made up 22% of the b-wic market over the past four quarters -
Control equity up for grabs in two 2015 CLOs this Wednesday
6 years ago
Control equity in two 2015 CLOs is up for auction at 9.30am New York time this Wednesday -
Past returns: secret CLO market
6 years ago
Five years ago in Creditflux, we reported on the emergence of an inter-dealer market for CLOs -
JP Morgan AM liquidates fund that made CLO warehouse investments
6 years ago
JP Morgan's Asset Management arm is liquidating the $1 billion Palm Lane Credit Opportunities Fund
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