Latest news
Latest news
Major sectors in leveraged loans are trading down, making shrewd credit selection vital
Deal is one of the tightest prints this year and is the second European CLO solely arranged by Mizuho
Debut manager is launching a CLO platform building on leveraged loan market experience
More articles
More articles
-
Octagon Credit Investors has priced its second deal of the year, as large US CLO managers begin to show more willingness to hit the primary market in the second quarter. -
Demand for US CLOs has picked up significantly in recent weeks, but the recent run-up in the price of leveraged loans has resulted in unfavourable arbitrage conditions and is preventing managers from putting out larger deals.
-
European triple-A CLO spreads are expected to tighten on the back of strong demand and limited supply, but sourcing assets remains a bottleneck for CLO managers’ ability to ramp deals.
-
CLO manager tiering has hit an inflection point in 2016, with spreads between managers varying as much as 30bp at the top of the stack.
-
The CLO investor base is changing at both the bottom and top of the capital stack, with shifts in the kinds of buyers willing to participate being more of a make-or-break factor for deals than ever before, according to panellists at Information Management Network’s Investors Conference on CLOs and Leveraged Loans held this week in New York.
-
The US House of Representatives is set to decide this summer the fate of HR.4166, a bill to ease risk retention requirements for CLOs.
-
The retail sector is becoming a headache for leveraged loan and CLO managers according to speakers at IMN’s Investors’ Conference on CLOs and Leveraged Loans, held in New York on May 16-17.
-
Apollo Management International priced a €357m European CLO last Friday, after reducing the size of the deal, as expensive collateral weighs on equity returns in CLO structures.
-
Octagon Credit Investors is marketing its second CLO transaction of 2016, continuing the sector's new issue revival.
