Global CLO b-wic round-up: record February underscores secondary market value
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
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.

Buy and hold isn’t only option for CLO equity
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
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
Control equity in two 2015 CLOs is up for auction at 9.30am New York time this Wednesday

Past returns: secret CLO market
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
JP Morgan's Asset Management arm is liquidating the $1 billion Palm Lane Credit Opportunities Fund

CLO b-wic line up: equity in Apollo euro deal with low funding costs goes on sale
European CLO equity is so often described as being the most illiquid part of the global CLO market, but the last few days there has been a significant amount of trading in this area.

CLO b-wic line up: European equity makes up 85% of today's market share
European CLO equity has found a sudden burst of liquidity, albeit in bite-size pieces

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

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

CLO b-wic line-up: middle market positions trickle into secondary market
CLO b-wic lineup: middle market positions and blast of double Bs flood the market

CLO b-wic line-up: 5% CLO stakes go up for sale
With US CLO risk retention a thing of the past the door has opened for managers to offload their vertical strips

CLO b-wic lineup: junior debt in Columbia CLO goes under the hammer
From triple A notes down to the equity, a bit of everything is up for grabs today

CLO b-wic line-up: $42 million of double B CLOs go up for sale
$41.9 million of double B notes are up for grabs today via b-wics. Out of these 16 line items, GSO Capital Partners’ Seneca Park is a noteworthy deal with the CLO being just two months away from the end of its reinvestment period

CLO b-wic line-up: soon to be static Euro triple As go up for sale
Fresh off the UK bank holiday yesterday, there is one CLO aution scheduled today for CLO investors interested in European triple A-rated tranches

CLO b-wic line-up: price talk circulates on CVC CLO control block
The control equity position in CVC Credit Partners’ 28 days-old reset, CVC Cordatus Loan Fund VI, is available in the secondary market today

CLO b-wic line-up: recent deals dominate secondary market
Recently priced deals have been put up for sale in the secondary market as 75.1% of today’s b-wic line-up consists of deals which have been priced (or altered) in the last 12 months

B-wic round-up: mid market CLOs find new homes in secondary market
The US secondary CLO market has had another eventful week as $908.2 million worth of CLO notes were made available, out of which $693.2 million, or 76.3%, traded successfully

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

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