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
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Pricing lowers on investment-grade CLO tranches as market stabilises -
Leveraged loan prices have rallied from their post-war dip, with CLO demand remaining strong despite subdued LBO activity
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Deal was refinanced with very tight spreads in 2021 and has been out of reinvestment since 2023
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Deal includes one of the tightest triple-A prints since spreads widened due to the Iran war
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Pricing on triple-A notes lands 10bp wider than previous deal in the wake of Iran war
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Manager has already used its fourth captive equity fund to invest in five CLOs
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Manager tightens spread on triple-A rated notes by 23.5bp compared with the original deal
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Lower loan prices offer higher equity returns but managers face rally risk once deals are priced
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Despite the allure of lower loan prices, CLO managers should print deals cautiously
