Top Section/Ad
Top Section/Ad
Most recent
BWICs spike and spreads widen but market remains constructive
Resets and refis prominent in pipeline as loan market softens, offering respite from repricing wave
Dasha Sobornova joins from Akin Gump with experience across asset classes
Trade body for levfin investors turns to leading rating analyst
More articles/Ad
More articles/Ad
More articles
-
Research from Moody’s Investors Service published on Thursday states that defaults in European CLO collateral are ‘non-existent’, and the share of publicly rated collateral in CLO portfolios is increasing, strengthening the credit quality of the asset class overall. -
Insurance company asset manager Conning said that it would acquire Octagon Credit Investors last week, a move that will potentially give the CLO manager a leg up as risk retention approaches.
-
Two CLOs have hit the market in the last week, with Oak Hill’s €415.8m deal on Tuesday following last Friday’s €412.8m CLO from Alcentra. Pricing in the top tranches is sticky, but mezzanine spreads are widening. Analysts say build-up in the pipeline is giving investors the upper hand when it comes to pricing.
-
Sticky triple-A spreads and widening mezzanine spreads are not keeping Oak Hill from tapping the European CLO market, as it prepares to sell its fourth deal from the Oak Hill European Credit Partners shelf, and its second European CLO since 2007.
-
JP Morgan priced a €412.8m CLO for Alcentra on Friday. While the top tranche was in line with recent deals, spreads in the mezzanine tranches have widened, comparatively. Analysts say spread widening in comparable asset classes and a heavy pipeline have created a buyers’ market in the sector.
-
The former head of bespoke correlation trading at a European bank has resurfaced at Orchard Asset Management in London.
