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CFlux indices stabilise as supply slows down
15 years ago
Last week was a relatively quiet one for CLO traders in the secondary market as sellers retreated from the market with both Passover and Easter festivities taking place -
Investors target CLO equity as market springs to life
15 years ago
The floodgates have well and truly opened in the secondary CLO market. Eight b-wics went ahead yesterday with at least another seven expected for today -
Santander closes European balance sheet CLO, says Moody's
15 years ago
Olimpo CLO 2010-1, a European balance sheet deal with par value of €5.71 billion, closed earlier this week, according to Moody’s -
Mezzanine CFlux indices continue to fall amid secondary CLO scarcity
15 years ago
Secondary CLO market volumes have dropped off sharply over the last seven days and supply of US CLOs in particular has almost completely dried up -
Fitch upgrades iStar following debt maturity extension
15 years ago
Fitch upgraded US financial services firm iStar Financial from C to B-on Friday due to an improved liquidity profile after the firm entered a new $2.95 billion senior secured credit agreement that extends the company's debt maturities. -
High yield market is not as frothy as it seems, says Morgan Stanley
15 years ago
Morgan Stanley compares the current new issue loan and bond market with that at the peak of the credit cycle in 2007 -
CLO mezzanine plummets in secondary market slowdown
15 years ago
This week’s set of CFlux indices shows that the price of mezzanine CLO paper is now back in the 70s for the first time this year -
CLO investors draw blanks amid weakening trading levels
15 years ago
For the second time in the space of three days, a CLO trader in the secondary market has pulled the plug on a planned b-wic -
Drop in European CLO prices hits secondary seller
15 years ago
Following on from last Thursday’s €50 million European CLO b-wic, a second large scale European CLO auction, this time totalling just short of €30 million, was held yesterday -
CFlux indices show that mezzanine CLO prices are first to fall
15 years ago
The slump in CLO prices was evident once again last week and the mezzanine tranches seem to be most affected -
CFlux indices drop again as CLO trading levels weaken
15 years ago
A real lack of trades in the secondary market over the past week has meant that CLO prices have slipped lower for the second consecutive week -
Secondary CLO prices falter amid heavy supply
15 years ago
CLO b-wic volumes surpassed the $1 billion mark for the second consecutive week as a fresh wave of CLO paper hit the secondary market last week. -
Secondary CLO volumes spike after slow start to the year
15 years ago
It has been a bumper month in the secondary CLO market with $2.4 billion in face value circulating on b-wics -
London-based credit manager arranges CDO liquidation
15 years ago
A London based asset manager has joined the ranks of firms arranging liquidations of CDOs -
US CLO equity returns double in 2010, says Morgan Stanley
15 years ago
CLOs from 2006 and 2007 are providing the juiciest yields for equity investors, according to Morgan Stanley. -
CLO discount rate change adds to Tetragon earnings surge
15 years ago
Tetragon Financial Group has reported third quarter results showing earnings per share of $1.03 – significantly up from its Q2 figure of 45 cents -
Credit starved European investors struggle with cash holdings
15 years ago
Euro-based relative return corporate bond investors could struggle to deliver against benchmarks, market participants are warning, if the current famine in the primary market continues. -
CLO liquidation highlights market improvement
15 years ago
One of the busiest trading days of the year saw a large CLO liquidation took centre stage -
Heavy b-wic activity sees CLO prices increase
15 years ago
Another busy day in the secondary CLO market yesterday saw cover bids reach new highs -
Swap railroad bonds, suggests Goldman
15 years ago
Goldman Sachs analysts have added Canadian National Railway’s 5.55% 2019 bonds to its list of “pans” -
Rhodia receives €706 million in FRN tenders
16 years ago
Specialty chemicals firm Rhodia announced on Friday that it received €706 million in valid tenders of 2013 FRN -
Smaller CLO managers perform better, says Morgan Stanley
16 years ago
Morgan Stanley notes that smaller managers continue to provide better returns to equity investors, on average, than larger firms -
Recent Nasdaq IPO calls notes for redemption
16 years ago
Financial software provider SS&C Technologies announced this morning that it is calling for partial redemption of $71.75 million of senior subordinated notes. -
Short-life junior CLO bond attracts high bid
16 years ago
A secondary CLO bid list circulated on Friday produced a good number of trades -
Investors bid up secondary CLO mezz
16 years ago
A bid list yesterday produced some of the highest recent bids for original triple B CLOs, suggesting that investor appetite for mezzanine remains strong
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