Latest CLO news

  • Nomura plans to launch European CLO business

    Nomura is mulling the launch of a fully fledged European CLO business, complementing its existing EMEA leveraged loan franchise and a track record of deals executed in the US. The bank already has some warehouse lines outstanding, but is looking to build up its operations.

    • 19 Apr 2018
  • Post Advisory Group closes debut CLO amid heavy supply

    Post Advisory Group, which set up a new CLO business in September last year, closed a debut deal on Tuesday as spreads leak wider in the primary market on the back of heavy supply.

    • 18 Apr 2018
  • ‘Animal spirits’ back in US high yield as cash floods back in

    The US high yield market has snapped back after softening in February and March, with recent deals issued at steep discounts bouncing back in the secondary market as retail funds flocking back to the sector chase scarce paper.

    • 17 Apr 2018
  • Libor mismatch gives CLO managers new arbitrage concern

    A recent spike in three month Libor has prompted US loan borrowers to switch to the cheaper one month Libor rate, causing a mismatch between CLO assets and liabilities that is putting a new strain on the arbitrage in the structures.

    • 16 Apr 2018
  • Bullish mood prevails at European CLO confab

    The bullish sentiment around the European CLO market was on full display this week at the IMN Investors’ Conference on European CLOs and Leveraged Loans in London, with expectations of higher issuance, more investors and US managers seeking more opportunities to issue on the continent.

    • 12 Apr 2018
  • Insurance companies chase riskier ABS assets

    Life insurance providers maintained their holdings of securitized products at a steady level last year, but many have rejigged portfolios to target higher yielding, riskier asset classes, a report from Wells Fargo said on Wednesday.

    • 11 Apr 2018
  • Asset manager readies CLO fund for private wealth clients

    US fund manager Alexandria Capital is preparing to launch a fund that will invest in alternative assets including CLO equity on behalf of its private wealth and family office clients.

    • 09 Apr 2018
  • PGIM CLO boss to head bank loans biz

    PGIM Fixed Income announced on Thursday that its co-head of US CLOs would become the firm’s new head of US bank loan portfolio management, upon the retirement of Joe Lemanowicz later this year.

    • 09 Apr 2018
  • European CLO buyers less bullish on triple-As after rally stalls

    European CLO spreads have widened following a five week tightening rally, leading to some backtracking of bullish sentiment from triple-A investors at the start of the second quarter, according to a JP Morgan investor survey.

    • 09 Apr 2018
  • US lev loan market dogged in face of CLO wobble

    Unlike most sectors of US corporate credit, leveraged loans have escaped the volatility of the last couple of weeks. Even a slight cooling in collateralised loan obligations, the market’s biggest investor base, is unlikely to throw this corner of US credit off course just yet, writes David Bell.

    • 05 Apr 2018

CLO news archive

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Credit Agricole CIB 5,236.90 23 6.25%
2 Goldman Sachs 5,129.09 18 6.12%
3 UniCredit 5,090.85 26 6.08%
4 Barclays 5,053.31 13 6.03%
5 BNP Paribas 4,910.75 20 5.86%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 2,035.22 21 8.02%
2 BNP Paribas 2,008.60 22 7.92%
3 Goldman Sachs 1,563.07 16 6.16%
4 Credit Suisse 1,458.00 14 5.75%
5 Morgan Stanley 1,375.83 10 5.42%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 9,128.85 70 9.67%
2 Citi 6,785.07 56 7.19%
3 Bank of America Merrill Lynch 6,685.98 62 7.08%
4 Barclays 6,303.47 46 6.68%
5 Credit Suisse 6,011.71 44 6.37%