Latest news
Latest news
Transaction features a junior triple-A rated tranche and was increased in size ahead of pricing
Triple-A buyers are back as Europe's CLO market moves on without the single-B
Manager resets Penta CLO 7 and adds €25m to Penta CLO 23, issuing single-Bs at par on both
More articles
More articles
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Rating upgrades to CLO tranches by Moody's and Fitch could let managers increase leverage in deals
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Manager takes advantage of tight spreads available for refinancings to cut triple-A pricing by 14bp
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How securitization can help high LTV mortgage lending, and why is the CLO market so busy
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Portfolio includes private credit transactions originated by Sona and broadly syndicated loans
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Changing issuance patterns, tight mezzanine spreads and investor demand deliver bumper crop of deals
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Deal follows Macquarie's acquisition of Spire, which issued previous Aurium CLOs
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Pim van Schie, a portfolio manager at Neuberger, discusses rising investor appetite for CLO mezzanine tranches
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Pricing widens on deal's triple-As, but tightens across most of the capital stack as mezzanine spreads stay tight
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Deal is manager's first new issue euro CLO this year and has three triple-A rated tranches