Latest news
Latest news
First debut manager to bring a deal this year increases all tranches amid strong demand
GoldenTree finally prices triple-As at tightest new issue spread of 2024
CLO investors have shrugged off geopolitical concerns and are focused on rates
More articles
More articles
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Minimising tail risk is a priority for the new manager, said Jacob Walton, co-head of euro CLOs
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Investors shrug off geopolitical concerns after volatility
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◆ CLO ETFs excite Europeans ◆ Santander prices huge German securitization
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Rejecting CLO ETFs out of concern for retail investors is hypocritical
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Lawyers and managers are working to overcome hurdles in Europe as US ETFs start anchoring primary deals
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CLO managers welcome attempt to limit primary settlement period to 10 days
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Volatility in the Middle East has limited impact on mezz as Aqueduct gets the tightest print of the year
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150bp barrier broken and tier one managers pile in
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As the spread discount for refis narrows, managers are likely to head straight for the reset
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The manager increased the deal size as triple-A spreads show resilience, but mezz widens amid volatility
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Resets and refis dominate the pipeline but managers struggle to push below 150bp
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◆ Euro CLO deals galore ◆ US CLO deals galore ◆ Green CMBS downgraded
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Structural protections should keep defaults and downgrades low amid geopolitical and macro risks
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Primary spreads have so far withstood geopolitical risk and borrower concerns, but the balance is shaking
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Unclear if manager can take market along for the ride
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The manager’s first new issue since 2022 was priced tight across the stack
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Investment grade tranches priced tightly but mezzanine notes came wide
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Even a small tightening could unlock huge dealflows, but investors appear to push back amidst a wave of issuance