RBS pulls the cord and prices $410 million CLO
RBS clears a CLO out of its pipeline

RBS prepares to flush $410 million CLO out of the pipeline today
Following news last month that RBS was making cuts to its US CLO business, sources say that the bank is now preparing to flush a CLO out of its pipeline

Invesco plates up new CLO as 2014 volumes hit $61.7 billion
Invesco yesterday dished out a $617.9 million CLO in a transaction which takes global CLO volumes for the year up to $61.7 billion, according to Creditflux data

New Highland CLO points to repeat business with key triple A buyer
Dallas-based Highland Capital Management has used the template of its first 2014 CLO to print a follow-up deal

Credit manager goes back to its roots to price $512.3 million CLO
Benefit Street Partners has priced its fourth CLO, market sources say, in a $512.3 million deal

CVC Credit prints debut 2.0 European CLO senior notes at 140bp
CVC Credit Partners has made it two CLOs in the space of a week by pricing a €450 million European deal yesterday

Citi prices top-tier CLO manager's triple-As at 152bp
Market participants have been given a clear indication of CLO spreads after Citi priced a $514 million deal yesterday

Credit manager crosses the road to price its $411 million CLO via RBS
RBS has priced a $411 million CLO for a manager which, up until recently, had worked with another arranger located not very far away

Asset management giant markets a near $700 million CLO with Citi
Activity in the primary CLO market is picking up with one of the market's leading managers preparing a jumbo deal

Skin-in-the-game rules will create a wave of CLO M&A, speakers predict
The introduction of risk retention in the US CLO market could create a new wave of manager consolidation and a rush to issue deals

Conference hears diverging views on how CLO managers add value
There was disagreement among investors and arrangers at the Creditflux Investor Summit about how CLO managers add value

Drop the call option and get better pricing, CLO equity buyers hear
The call option and other complexities in CLO debt may make the product less appealing to mainstream investors

First payment is crucial for CLO equity returns, conference hears
Equity investors want to see CLOs fully ramped by their closing date and significantly ramped up by pricing

Manager prices new CLO as issuance pace picks up
Deutsche Bank prices manager's second post-crisis CLO

Most CLOs fall short on investor ramp-up expectations, conference hears
A large majority of investors want to see CLOs at least 50% ramped up on pricing, but few current deals achieve that

Natixis arranges its first CLO 2.0 of broadly syndicated loans
Natixis yesterday priced its first broadly syndicated CLO of the 2.0 era

Mid-market specialist prices a $514 million CLO
A mid-market CLO specialist has priced its latest deal today

Wells Fargo goes for the double and prices two CLOs for large US manager
Wells Fargo takes a unique step in raising two CLOs in one day

CLO managers are worth their fees, say CLO managers
A shock conclusion from Creditflux's CLO Symposium last month is that CLO managers deserve their typically 50 basis point fees

CLO managers at odds on cov-lite loans
CLO managers are deeply divided on the topic of covenant-lite loans, it emerged at the Creditflux CLO Symposium last week

Structure changes have boosted CLOs, says leading investor
CLOs have performed significantly better during the crisis than an early generation of high yield debt securitisations did during the 2002 default spike

Life expectancy becomes the big issue for CLO valuations
As CLO debt prices have risen to the 70s and higher, buying mezzanine and senior CLOs in the secondary market has increasingly become a bet on how long the bond will be outstanding

Interest rate mismatch has cost European CLOs up to 40bp a year
A mismatch in interest rates has contributed greatly to the underperformance of European CLOs, the Creditflux CLO Symposium heard last week

Newest CLO set for tightest spreads this year, says S&P
Bank of America is set to price a $480.4 million CLO to be managed by PineBridge Investments in the next few days with the tightest spreads this year

Three new CLO offers include all equity investors
New CLOs hit the market as investors wait for news of Citi’s benchmark deal