Latest news
Latest news
First debut European CLO deals of 2026 price, several more expected
Manager resets CLO ahead of reinvestment period ending later this year
UK regulations take shape, software slide tests CLO managers' mettle and how captive equity is distorting the market
More articles
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A small equity slice of the Queen Street 2007-I collateralized loan obligation traded on Tuesday afternoon at a higher level than anticipated, which a dealer said reflects the sustained appeal of the name in the market.
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Credit Suisse Asset Management is preparing to come to market with a European collateralized loan obligation arranged by Bank of America-Merrill Lynch.
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The return of the European CLO market has taken another leap forward after the successful pricing of two new CLOs in a week. With spreads in the debt tranches of the three CLOs sold this year getting consecutively tighter, CLO specialists expect other big CLO managers will be lining up deals.
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A new private debt fund hopes to entice institutional investors into emerging market loans, but banks must be at the forefront of teaching these newcomers how the market works.
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Industry vets, newcomers, aspirants and the curious piled into the Information Management Network’s second annual collateralized loan obligation and leveraged loan conference in New York last week, with about 1,300 attendees checking in.
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Distinct features of post-crisis European collateralized loan obligations are beginning to emerge following this week’s pricing of Pramerica Investment Management’s Dryden XXVII CLO—including increased levels of credit enhancement and shorter non-call periods, among other things.
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Pramerica Investment Management has successfully priced Europe’s second leveraged loan CLO of the year, the 300m Dryden CLO XXVII. The transaction was well received by the market — particularly for the measured approach to the timing. But it also highlighted one of the chief obstacles to a full revival of the European CLO market — the shortage of leveraged loans available in the market, writes Hugh Leask.
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Pramerica Investment Management has successfully priced the European CLO market’s second leveraged loan CLO of the year, Dryden CLO XXVII. The transaction was well received by the market — particularly for the measured approach to the timing. But it also highlighted one of the chief obstacles to a full revival of the European CLO market — the shortage of leveraged loans available in the market.
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Pramerica Investment Management’s European collateralized loan obligation Dryden CLO XXVII, which priced Tuesday, was well-received by the market, with investors hailing the longer lead-in time that allowed them to get comfortable with the transaction.