Latest CLO news

  • CVC raises $1.4bn for global distressed strategy

    Credit investment manager CVC Credit Partners has closed its latest investment fund, a $1.42bn vehicle that will focus on distressed opportunities across North America and Europe.

    • 24 Jun 2019
  • Argenta Spaarbank longer duration STS deal moves tighter

    European securitization investors this week are pricing longer duration deals tighter than earlier in the year, made comfortable by the ‘simple, transparent and standardised’ (STS) label. This is being demonstrated on Tuesday by Argenta Spaarbank's Green Apple RMBS deal.

    • 18 Jun 2019
  • Opening remarks by Christian Moor

    Thank you very much for inviting me to this roundtable, and for the opportunity to give kick off with some thoughts and observations. I took some time to think about what I would say today, and decided to google the latest news in the area.

    • 18 Jun 2019
  • Credit Suisse levfin MD moves to direct lending fund

    Adam Forchheimer, previously head of US high yield bridge financing at Credit Suisse and a managing director in the bank’s leveraged finance division, has left the bank after 13 years to join Owl Rock Capital, a New York-based direct lending fund that targets the US middle market.

    • 17 Jun 2019
  • CLO issuance shrugs off Barca ABS bash

    CLO activity continued unabated last week despite the three day Global ABS conference in Barcelona, with Napier Park, CIFC and Tikehau offering up deals.

    • 17 Jun 2019
  • CLO market calls for fairer media coverage

    The CLO market has recently stalled due to a slowdown of investment from Japanese firms. Market participants say that this has been largely driven by negative media attention surrounding CLOs, and feel frustration that the asset class is still strongly associated with CDOs and the US subprime crisis.

    • 13 Jun 2019
  • Arrangers’ attitudes holding back CLO market, says PM

    The attitude of managers and arrangers is holding back the CLO market, with weakening deal terms and pre-placement of triple-A tranches a particular problem, said Balint Vogavolgyi, senior portfolio manager at Aegon during a panel discussion.

    • 12 Jun 2019
  • Wiserfunding’s SME ratings have potential CLO use

    Edward Altman, creator of the Z-score metric predicting corporate bankruptcies, has co-founded a new company that automates credit scores for small and medium sized firms. That could help provide ratings for the SME CLO market.

    • 12 Jun 2019
  • CLO buyers could pay for manager’s disclosure failings

    Quirks of Europe’s new Securitisation Regulation, which came into force this year and is dominating debate at this year’s IMN/Afme Global ABS conference in Barcelona, could leave CLO buyers carrying the can for failures of CLO managers to meet their regulatory obligations.

    • 11 Jun 2019
  • CIFC brings debut European CLO

    CIFC is bringing a €356.05m CLO via arranger Deutsche Bank, the first CLO issued in Europe under CIFC’s name since the firm began expanding its presence across the Atlantic.

    • 10 Jun 2019

CLO news archive

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 5,937.79 40 6.95%
2 Credit Agricole CIB 5,785.40 29 6.77%
3 Deutsche Bank 5,679.95 31 6.65%
4 JPMorgan 5,537.01 25 6.48%
5 Goldman Sachs 4,305.16 24 5.04%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Deutsche Bank 2,970.40 18 8.08%
2 Citi 2,605.77 18 7.09%
3 BNP Paribas 2,567.12 24 6.98%
4 JPMorgan 2,522.43 19 6.86%
5 Goldman Sachs 2,128.73 17 5.79%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 14,933.58 120 9.99%
2 Citi 13,421.25 109 8.98%
3 Bank of America Merrill Lynch 11,061.94 93 7.40%
4 Goldman Sachs 10,888.23 82 7.28%
5 Morgan Stanley 8,845.88 67 5.92%