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European CLO double Bs jump wider amid October macro worries - but seniors stand firm
4 years ago
The fortunes of investment grade and high yielding European CLO tranches have gone in opposite directions in the last month. In a year where relative value has shifted several times, Creditflux analysis shows that new issue European CLO double Bs have blown out by 16.5% in October versus September, while triple A-rated notes have tightened 6.7% in that time -
US CLO exposure to oil and gas is 2.6%, finds Barclays
5 years ago
Oil and gas exposure in CLOs is fairly limited, according to Barclays research, as crude oil prices drop to $33 per barrel, down from $41 on Friday -
Global CLO b-wic round-up: equity, equity everywhere, but trading volumes sink
5 years ago
For the second week in a row, over $230 million of US CLO equity went on sale and multiple control equity positions were listed in the CLO secondary market -
PGIM resets European CLO to cross €2 billion in 2019 issuance
5 years ago
PGIM reset its 2015 European CLO today, Dryden 35, via Goldman Sachs. It takes the PGIM’s 2019 European CLO volumes pass €2 billion -
Senior European CLO spreads edge wider as PGIM markets reset
5 years ago
PGIM is marketing a reset of a 2014-vintage European CLO with price talk on the floating rate senior notes at 98 basis points, say market sources -
Barclays markets two new issue CLOs in Europe
5 years ago
Barclays is marketing the latest European CLOs for Invesco and Anchorage Capital Group, according to market sources -
Värde partners with Guber on €734 million NPL deal
6 years ago
Värde Partners along with Guber Banca have led a group of investors to make a joint acquisition of a €734 non-performing loan portfolio originated by 22 mutual, rural, and cooperative banks spread throughout Italy -
24 CLO managers hold J Crew loan as it drops 4.62%
6 years ago
A total of 109 CLOs hold $219.4 million exposure to J Crew, whose Term Loan B traded down 4.62% from yesterday -
Junior CLO spreads come in as CVC prices new European deal
6 years ago
CVC Credit Partners has priced its first new European CLO of 2018, moving the market slightly tighter in the process
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