Latest news
Latest news
Lower pricing across CLO capital structure does little to improve equity arbitrage
Manager tightens triple-A pricing by 27bp and avoids refinancing some junior mezzanine notes
Spread on triple-A rated notes 4bp wide of recent tights
More articles
More articles
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The US CLO market maintained its strong new issue momentum this week with seven deals priced, but concerns over price discovery and long-term conditions are affecting the mood and leading to wide disparities in spreads. -
Two new CLOs have landed in the European CLO market, as arrangers take advantage of the market window to launch deals that have been languishing in warehouses for months.
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The lower level of collateralised loan obligation issuance expected this year will create favourable conditions for debt funds, according to Lyxor Asset Management.
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The primary CLO market in March has opened up, with three additional CLOs pricing to keep the March pipeline flowing.
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Franklin Templeton Investments has launched a fixed income fund that will include a range of derivative strategies, other assets such as securitized products, and the ability to go long or short.
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The US CLO market is maintaining momentum, with three deals priced on Friday to round off a positive week for the primary market, though concerns over price discovery and long term conditions are affecting the mood.
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The European and US CLO markets are warming up after a moribund start to the year, with managers bringing a flurry of deals to jumpstart the sector this week, write David Bell and Sam Kerr.
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BNY Mellon has hired a new head of its corporate trust business in Europe, the Middle East and Africa (EMEA), as it aims to develop its interests in the loan market.
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Improving macroeconomic sentiment and increasingly positive market fundamentals are jumpstarting the CLO market, with primary issuance picking up and investors loosening some criteria when investing in new deals.
