CLO mezz b-wic highlights spread differential in primary and secondary CLOs
A $37.1 million mezzanine CLO auction yesterday gave an insight into secondary market junior CLO spreads.

Secondary investors snap up a selection of mezzanine CLOs
A CLO investor yesterday traded out of a set of mezzanne CLOs through an $18.8 million bids-wanted list. The b-wic featured a variety of bonds - reflected in the range of bids that were made

Investors turn to CLO double Bs as spreads continue to tighten
Tightening secondary junior CLO spreads resulted in a number of double B CLO b-wics last week, say market sources.

Investor sells out of European CLO double-As
Bids for a four-item European CLO b-wic were due yesterday as an investor looked to ship out European CLO double-As

Mezzanine b-wic highlights CLO recovery in 2012
A buoyant CLO market has led to an active month of secondary trading in February

Record bids drives CLO equity index to a recent high
Secondary market supply of CLOs surged passed $1 billion over the last seven days in one of the most eventful weeks of secondary trading

CLO equity bids hit a new record as b-wic volumes soar
Bids for CLO equity hit new levels as b-wic volumes remain strong for a second consecutive day

CLO investors flock to the secondary market on action-packed day
The secondary CDO market was sent into a frenzy yesterday after $550.7 million of CLO paper went under the hammer.

Secondary CLO prices begin to climb as year-end nears
Secondary CLO prices continue to rally and this week’s set of CFlux indices show an improvement across the board for CLO debt tranches

Secondary market sellers kick back bids as CLO prices rise
In the aftermath of this week’s two CDO liquidations, several other CLO sales have been arranged and investors are said to be keen to snap up mezzanine bonds but trading levels have been low.

European CLO managers prepare for end of year spending spree
European CLO managers believe the final months of this year could present a golden opportunity for buying loans

Bids fall short as a $180 million CLO b-wic hits the market
A large $180 million CLO b-wic closed yesterday to help lift secondary market supply following a slow start to the month

€4.2 billion Nycomed prepayment will swell the coffers of CLO managers
European CLO managers are set to see an increase to their cash balances as Nycomed, the Swiss pharmaceutical company, prepays €4.2 billion of its outstanding debt later today

Mezzanine CLOs feel pain amid fears of increased secondary supply
Last week saw a handful of CLO b-wics hit the secondary market with predominantly junior positions on the line. However prices have failed to improve on recent levels

CLO prices stumble as secondary market volumes dry up
CLO prices have continued to fall over the last seven days according to the CFlux indices with only the index for CLO equity recording an increase

Fixed rate CLO tranche defies slumping mezzanine prices
Mezzanine CLO paper was on the block yesterday with one item at the receiving end of considerable interest.

Corporate defaults rise on retail woes
June’s default total of $1.05 billion was nearly double that seen in May

Mezzanine CFlux indices stumble after b-wic supply slows down
CLO supply in the secondary market dwindled last week in the face of falling CLO prices. Investors are now showing a growing reluctance to trade these assets

Demand for CLO mezz dries up in the secondary market
A four item CLO b-wic went ahead yesterday featuring mezzanine bonds that have been relatively liquid in the secondary market this year

CFlux CLO equity index drives past mezzanine indices
Prices for CLO equity have now overtaken that of some of the CLO junior debt tranches, that’s according to the latest set of CFlux indices

Record CLO equity bid pushes CFlux equity index forward
CLO equity was the big winner in a week of limited trading in the secondary market.