Apollo, OMERS Ventures and banks back Octaura as fintech firm plans CLO trading launch
The fintech firm has raised USD 46.5m in an oversubscribed funding round

US CLO market strengthening on Trump easing trading tensions
EXCLUSIVE: Leveraged loan prices also up, makes following AGL’s print-and-sprint CLO more difficult

Blackstone, BlackRock among managers attempting “print-and-sprint” CLO deals
EXCLUSIVE: Around five CLO managers are attempting to issue deals that take advantage of market dislocation

CLO market stabilises after Trump’s tariff reversal
ANALYSIS:Investor sentiment has moderated after the US president backed down on tariffs, but the full effects will take a few days to emerge

Janus Henderson CLO ETF sees USD 1bn outflow since tariff-induced volatility
The fund saw a drop of over USD 585m on Monday, the largest single-day withdrawal ever, as markets are roiled by tariff uncertainty  

US CLO market on pause as traders seek bottom
Market participants stare at screen trying to understand the volatility and new paradigm

US CLO and leveraged loan market roiled by dramatic Trump tariffs
ANALYSIS: Leveraged loans and CLO fell lower in the aftermath's of President Donald Trump's new tariffs 

Octaura launches new protocol for CLO liquidations
Electronic loan trading platform Octaura has released a new set of processes to streamline loan BWICs and OWICs

Octaura preps for tranche trading launch after success of loan platform
Octaura, the electronic trading platform that has been shaking up the leveraged loan market, is advancing its plans to launch CLO tranche trading this year

KopenTech adds all-to-all electronic trading for CLOs
KopenTech has launched a new all-to-all trading protocol for CLO securities and successfully completed its first two trades, a trading model where all market participants, whether on the sell-side or the buy-side, can anonymously trade with each other

Secondary CLO prices continued to rise across June
US BWIC secondary prices continued to rise in June, according to a report by KopenTech. 

Leveraged loan market shrinks as CLO trading grows
A lack of primary issuance has caused the leveraged loan market to shrink this year for the first time since the aftermath of the global financial crisis, according to market sources.

Large CLO investor sells three post-reinvestment anchor equity positions
Three control equity positions were on sale on Thursday at 9am EST (2pm GMT) in the same list. The bwic listing was made up of three 2017 US CLOs, all of which are post-reinvestment and have not been reset in the years since

Primary US CLO triple As 40bp cheaper after secondary rally, says Barclays
A rally in the secondary market for CLO triple A paper last week has meant that primary spreads are cheaper on a relative value basis by around 40 basis points

CLO triple As face contest with "appealing" US treasuries: Barclays
The challenge of issuing new CLOs has been put into sharper relief, with Barclays strategists arguing US treasuries look attractive versus triple A tranches

Apollo scooped up $1.1 billion CLO paper amid UK LDI crisis, officials confirm
Apollo Global Management bought a whopping $1.1 billion of triple A and double A-rated CLO paper yielding over 8% in the three weeks of elevated bwic supply in October

CLOs underperform recovery as central bank tone shifts: Barclays
CLOs have lagged the recovery in risk assets over the last week and remain at near year-to-date wides, according to research from Barclays. Strategists add CLO triple Bs look cheap versus high yield corporate bonds

Private equity firms are becoming CLO converts: TwentyFour
Private equity firms have increasingly bought CLO and other securitised debt tranches in recent weeks instead of their usual preference for physical assets - a trade TwentyFour believes "makes perfect sense"

Sofr away from me – basis puts new CLO triple As in dire straits
A relative value gap has opened between secondary and primary market CLO triple A tranches, with the former looking attractive as volatility heightens and the basis grows between Libor and Sofr. This presents an additional problem for managers hoping to do new business

US loan index falls below 92 to almost wipe out gains since July
The S&P/LSTA Leveraged Loan Index sank to an average bid of 91.92 cents by Monday, down by two points in as many weeks, wiping out almost all the gains seen in the late-summer market rally

Boston-based investor looks to sell entire equity tranche of 2020 PGIM CLO
An unusual equity position is on sale on the secondary market today at 9.30am EST (2.30pm London time) as the entire equity tranche of Dryden 83 has been listed

US CLO trader set to join Citi
An experienced CLO trader is joining Citi, sources say

Identity of sellers emerges as CLO equity blocks change hands
Two majority equity positions have changed hands in the secondary market over the last two days, with details behind the cover price and sellers coming to light 

Three control CLO equity positions hit market with another to follow
Three anchor US CLO equity positions were listed on the secondary market yesterday in what was a busy day for investors

Secondary CLOs stand firm as credit markets take a hit
Macro weakness is seeping into credit with CDS indices gapping wider and US loans suffering a setback after dropping below 95 points this week. Traders say the CLO secondary market has reflected this turn in sentiment, with did-not-trades racking up – although spreads have held up better than other parts of the credit market