Latest news
Latest news
Changing issuance patterns, tight mezzanine spreads and investor demand deliver bumper crop of deals
Deal follows Macquarie's acquisition of Spire, which issued previous Aurium CLOs
Pim van Schie, a portfolio manager at Neuberger, discusses rising investor appetite for CLO mezzanine tranches
More articles
More articles
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CLO issuers are flooding into the market to refinance deals issued during the pandemic to lower their costs. -
RHI Magnesita, an Austrian refractory supplier, has linked interest rates on credit lines totaling €770m to a third-party ESG rating. ING acted as arranger on the deal.
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A data driven approach is emerging in a US CLO market struggling with the opaque or patchy environmental, social, and governance disclosures made in leveraged loans and the lack of standardisation. But a handful of CLO managers are developing scoring systems to add more rigour to their capabilities in a bid to meet growing investor demand for green securitizations.
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The CLO market is in full gear with robust investor demand encouraging Apollo subsidiary Redding Ridge to issue another extra-large transaction, a $756m deal priced via Citi. The deal follows a $707m transaction issued in June.
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KopenTech, the online CLO trading and analytics platform, has appointed Jill Scalisi as chief engagement officer. Scalisi will be responsible for business development, launching new products, and overseeing KopenTech's platform growth.
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The head of US CLO structuring at Barclays, Eric Glyck, has resigned to join Octagon Credit Investors, according to people familiar with the matter.
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CVC Credit Partners has priced the tightest US CLO of the month selling the senior notes at 113bp over three month Libor, underscoring the robust demand for the product.
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Hightown, a housing association located north of London, has agreed a £100m unsecured green private placement, suggesting a modest growth in appetite for unsecured investment in the sector.
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Z Capital Credit Partners, the credit arm of Z Capital Group, has promoted a CLO portfolio manager in its investment team to managing director.
