German bad bank wins huge CLO auction
A German bad bank has emerged as the winner of a huge auction of CLOs and other asset-backed securities this morning

Control of 2013 US CLO changes hands amid talk of low 20s valuation
A $50 million b-wic featuring control of Mountain Hawk CLO II traded yesterday, according to market sources. The CLO has recovered somewhat after a rocky 2016, but price talk on the equity tranche suggested future distributions will be low

Timing of CLO b-wic puzzles market participants
A huge CLO bid list scheduled for Friday (10 March) represents part of the liquidation of a CDO of ABS, according to Creditflux’s sister intelligence service Debtwire ABS

Rare controlling equity b-wic casts light on CLO fee-sharing deals
CLO investors get a rare chance later today to buy a controlling equity stake in a US CLO complete with a share of the deal's management fees

Single B offers in the 50s fail to tempt CLO secondary buyer
An owic that circulated in the secondary market on Wednesday has failed to generate any trades, according to secondary market sources

Eagle-eyed investor swoops on double B CLOs
Equity buyer raises fund for CLO debt as mezzanine prices slump

Offers wanted list prompts flurry of secondary CLO trades
An owic that circulated in the secondary CLO market yesterday saw good levels of participation, according to secondary traders

Hunting for value: investor puts out single B and double B CLO owic
Creditflux sources indicate that an investor in the secondary CLO market has submitted an owic for tomorrow, looking to buy single-B and double-B rated notes

Investor seeks to offload majority stakes in run-off CSAM CLOs
Control equity stakes in three strongly performing Credit Suisse Asset Management CLOs are up for sale in the secondary market today

Former RBS official joins brokerage to trade CLOs in New York
A brokerage, which last year expanded into US CLO trading, has recently made another hire to its group in New York

CLO trader makes unexpected departure from Highland
Highland Capital Management has parted company with its lead CLO trader, according to reliable sources

CLO investor looks to sell double-As after hearing new issue price talk
A CLO double-A investor has taken guidance from the primary CLO market and decided to attempt a $58.75 million sale of assets today.

Rare emerging market CBO b-wic attracts high bids
Yesterday saw a rare example of a b-wic for emerging market CBOs as tranches from two seasoned CLOs launched by TCW found themselves on the secondary market

Kramer Van Kirk makes progress with Volcker rule amendments
Investors in KVK 2012-2 voted to remove its bond bucket last week, but other amendments are taking longer than expected

Volckerised CLO trades wide of non-compliant deal in secondary
Triple A notes in Prudential's Dryden XXVIII - which currently holds one bond - traded 7bp tighter than those from the Volcker-compliant Octagon XIX yesterday

Broker's groundbreaking b-wic platform goes live with its first auction
A new structured credit trading platform is now open for business

Control of hybrid CLO fails to trade amid redenomination bid
A rare multi-currency CLO was in the spotlight yesterday as a majority stake in its equity went under the hammer against the backdrop of planned structural tweaks to the hybrid securitisation

Dealer wins with "two cents Wednesday" CLO trading idea
Volumes in the secondary CLO market are notoriously thin during the third quarter as market participants head off on vacation. But one dealer has come up with a new idea to drum up business

Secondary buyer set to make healthy gains as Tall Tree CLO redeems
Secondary buyer scoops up class D notes ahead of redemption

Fund manager cashes in on investment grade mid-market CLOs
Investment grade notes in middle-market CLOs were in demand yesterday, as a b-wic yesterday testifies

Control of 2013 GSO CLO changes hands in the secondary market
CLO equity investors turned their attention to the secondary market yesterday with sources reporting that the entire equity block in a GSO-managed CLO went under the hammer

CLO secondary volumes fall
Data from CLO-i shows that holders are becoming less willing to part with their CLO investments in the secondary market this year

Secondary CLO investors price in tranche-by-tranche 2.0 refi option
Double A CLO investors are taking the view that the class B-1 tranche in Ares XXIV is a strong call candidate. However the triple A rated notes in the deal are unlikely to be refinanced judging by another b-wic last month