Control equity position in Seix CLO circulates on b-wic
An 80% stake in a Seix Advisors-managed CLO's equity tranche has appeared on a b-wic

Large slices of recently priced senior CLO debt go up for sale
€107 million of senior CLO debt of recently priced European deals has appeared on a b-wic

US CLO debt tranches trade at a premium in secondary market
CLO secondary market in 2018 opens with four positions trading at a premium

Bids reach 87 cents for equity in re-issued CSAM CLO
A control equity stake in a 2017 CSAM CLO - which traces its roots back to 2007 -  was up for sale via a b-wic late last month

Finra pencils in proposals to trace extra detail in CLO trades
Finra is stepping up its efforts to provide greater transparency on secondary CLO pricing, according to several market sources

Majority position in 2016 CLO fails to trade in secondary
A CLO equity investor has attempted to trade its control equity position in a 2016 US CLO. 

New CLO equity is being locked up
In what could be a sign of things to come, controlling blocks of equity in CLOs subject to risk retention have not been readily available in the secondary market this year. By Tanvi Gupta

CSAM-managed CLO's junior notes trade at 104.53 in secondary market
A stake in the double B notes of CSAM's 2012 CLO traded at 14:00 yesterday after circulating on a B-WIC

US CLO round-up: New Jersey managers come to market in style
After a slow start following Labor day, four US CLOs have priced this week – including a deal arranged by Goldman Sachs for Zais

US CLO round-up: 2017's leading managers come back for more
Three of the most active managers in the CLO market this year – including two who dared venture into the primary market in the opening weeks of 2017 – returned to price their latest CLO transactions this week. We look at which managers have been most active in 2017 across new issue, refis and resets

L-shape position trades from manager's 2016 US CLO
Several of the debt tranches and a sizeable amount of equity in Zais CLO 5 traded from a b-wic yesterday, in one of the more unusual secondary CLO market trades of recent times.

Reg cap trades spawn a secondary market, but not as we know it
It’s small, and at its early stages, but a secondary market is emerging for risk transfer deals

Spotlight: Local exchange carriers - calling for rescue on the M&A hotline
Growth-starved US phone companies are seeing consolidation as the best way to improve performance

Barclays hires top US trader as it aims to become CLO trading powerhouse
The US secondary CLO market is set to experience a shake up with market sources indicating that Barclays has plans on establishing itself as one of the top US CLO trading desks

CLO investor trades out of low-coupon Ares triple As
A $30 million slice of the triple-A tranche of Ares XXVI was sold on Friday with market sources claiming that the stake sold above par with a cover of 100.05

CLO broker joins IHS Markit
Data provider IHS Markit has announced that it has hired a head its CLO pricing team from the sell side

US Treasury proposals could breathe new life into CLO market-making
The US Treasury Department yesterday proposed a dramatic paring back of the Dodd-Frank Act, but made no mention of changing the risk retention rules in relation to CLOs

Zais CLO equity attracts high price in secondary market
An investor, who had seen a Zais CLO return 100% of capital through equity distributions alone, has sold the top-performing CLO's equity notes 

Investor looks to sell entire equity tranche of unique 2014 US CLO
Equity holder looks to offload deal with unique triple A tranche

Top US CLO trader earns promotion in New York
Well-placed sources have told Creditflux that a leading CLO trader has been promoted to managing director

SEC charges ex-Nomura CMBS traders with fraud
The SEC yesterday said that two former Nomura CMBS traders, James Im and Kee Chan, misrepresented price information to clients in trades where they were acting as intermediaries

Citi introduces tiered pricing model for CLO b-wics to boost participation
Market sources say that Citi – one of the largest CLO market-makers in the business – has launched a new CLO b-wic pricing initiative, which could improve liquidity in the secondary market for CLOs

CLO round-up: spreads tighten in secondary as managers turn to refis
CLO spreads have been grinding tighter this year with triple-B discount margins falling from a 424 basis point rolling average to 347bp

Boutique CLO managers boss secondary market
Creditflux analysis shows that, when their total assets are taken into account, small managers' CLOs are more liquid than those of large managers