Latest news
Latest news
A shallow investor base and heavy issuance prevents spread tightening
Manager sells minority equity stake and achieves tighter pricing than on previous new issue CLO
The refinancing is Aegon’s first deal since the retirement of one of its portfolio managers was announced
More articles
More articles
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Manager prices deal close to market tights, although single-B investors receive higher par subordination than usual -
Single-B rated notes needed a greater discount than planned
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Manager refinances 2023 deal, reset in 2024
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Many CLO equity investors face twin blows of par losses and weak cash-on-cash distributions
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Reset includes multiple triple-A, triple-B and single-B tranches
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Manager prices reset for 2019 deal that was refinanced in 2021 with tight liability spreads
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Reset includes four triple-A tranches and tightens triple-A pricing by 24bp
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Creafin restarts the Belgian RMBS market, and CLO tiering has not yet materialized
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Manager adds €15.3m of equity and issues double-B rated notes at a discount
