Latest news
Latest news
Number of resets fell following the start of Iran war, but lower spreads are now prompting managers to launch deals
Risks in exchange-traded funds holding CLOs are real, but there could be scope to relax the rules
Single-B rated notes land below 800bp as CLO spread tightening continues
More articles
More articles
-
Partial refinancing tightens spreads on some triple-A notes by 20bp -
Thomas Hopkins discusses a vintage of CLOs being refinanced rather than reset, while Tom Hall talks about whether CMBS investors can share with banks
-
Layton discusses why Pearl Diver decided to enter the SRT market in late 2025, the comparison with CLOs, and how 2026 is shaping up for the CLO market with George Smith
-
Sub-fund will buy investment grade tranches in US and Europe
-
Refinancings allow managers to hedge bets on spread movements over the next year
-
First reset of the year cuts spread on triple-A rated tranches by 18bp
-
Pricing on triple-A rated notes was tightened by 22.5bp relative to the original deal
-
Refinancing covers entire capital structure and cost less than a reset
-
Further repricing activity expected this year as CLO demand outstrips loan supply
