Global CLO b-wic round-up: volumes jump as investors get their triple A fix
The US CLO secondary market brought over $1.2 billion in total listings last week with the main driver behind last week’s supply being an increase in US CLO triple A bonds and an anchor equity position.

Oaktree prices one of the largest new CLOs of the year
Oaktree Capital Management yesterday priced one of the largest new CLOs of 2019, with the transaction coming in at $748.6 million

Oaktree prices triple As at benchmark spread with new CLO via Wells Fargo
OakTree Capital management priced their first US CLO of the year via Wells Fargo yesterday

US CLO round-up: Voya print stands out as spreads disperse
There has been a fair bit of spread dispersion within the CLO market over the last few days with deals pricing up to 11.1 basis points apart when it comes to triple-A financing costs

Western Asset Management puts emphasis on IG credit for listed fund
Western Asset Management Company has renamed its Western Asset Income Fund to Western Asset Investment Grade Income Fund

Euro CLO round-up: Managers race to the bottom as spreads dip below 70bp
With the recent ruling in the US causing uncertainty, managers including Blackrock and Bain have been ensuring they’re risk retention compliant on both sides of the Atlantic. Meanwhile, European CLO spreads continue on a monumental rally

BlackRock prices reset of debut Euro CLO
BlackRock Investment Management has reset its debut European CLO from 2016, according to market sources

Brigade cruises into Europe with debut Armada CLO
Brigade is the 40th manager to price a 2.0 European CLO after pricing Armada Euro CLO. 

Boston-based manager resets already-refinanced CLO in $517 million deal
NewStar Capital has priced a reset of its 2013 CLO, Longfellow Place, according to market sources.

Cream of the credit research
In our first round-up of last month's most eye-catching credit research, we pick pieces on energy options, green bonds and using tranches as CLO hedgesIn our first round-up of last month's most eye-catching credit research, we pick pieces on energy options, green bonds and using tranches as CLO hedges

Manager turns to Credit Suisse to prepare $510 million CLO
Sources say Credit Suisse is arranging a $510 million CLO for a top-10 US CLO manager, which is set to price next week. 

GSO crosses the Atlantic to prepare its first European CLO of the year
GSO Capital Partners has announced a €412 million European CLO shortly after pricing its first US deal of the year, according to market sources

Credit manager makes a sharp exit as US coal producer goes bankrupt
At least one credit hedge fund manager has had a close escape after US coal producer Patriot Coalt filed for chapter 11 bankruptcy yesterday

2004 US CLO in line for redemption
Redemption looks to be on the cards for a 2004 US CLO

Sovereigns and financials lead as market rallies back
European sovereigns. iTraxx SovX is around 6.25bp tighter from yesterday’s close at 215.5bp, according to Markit

Pull the other one: sky-high CLO bids draw scepticism
Results from yesterdays three item bwic has left many traders scratching their heads. The bid list in question (see Creditflux B-wic Tracker 21 October 11am) saw all items cover at what seems to be excessive levels, which has been met with skepticism among market participants.

Sovereign and financial volatility heats up as funding concerns mount
The European credit market has seen a rise in volatility today, with spreads surging wider from the outset

Station Casinos files chapter 11 amidst negotiations
Station Casinos and its affiliates filed for chapter 11 bankruptcy in the US bankruptcy court for the district of Nevada yesterday.

Plug in here for cash
Food, shelter and warmth: these basics are essential for human survival. As, it seems, is television. The fact that watching football and re-runs of Friends is not seen as a luxury by most people means that cable companies are weathering the recession better than many others. Many cable operators are increasing their earnings, their credit ratings are generally stable, and some have even seen ratings upgrades.

Hedge fund liquidation rumour pulls Crossover wider
Brisk protection buying in thin markets forces Crossover wider.