CLOs

A CLO is a collateralized loan obligation or collateralised loan obligation known collectively as CLOs. CLOs are CDOs that reference loans, such as leveraged loans, SME loans or a bank's whole loan book (a balance sheet CLO). They come in both managed CLO and static CLO form and can be market value CLOs or synthetic CLOs.


  • Into the light?

    European CLOs continue to improve

    The European CLO market is seeking to build on its relatively stable foundations of recent months as...

    News    21 September 2020
  • SCI Start the Week - 21 September

    A review of securitisation activity over the past seven days

    REMINDER: SCI CRT Awards The submissions period for the 2020 SCI CRT Awards is now open. The qualif...

    News    21 September 2020
  • Tech crazy

    Securitizations of tech assets finding favour in Covid world

    Securitizations of technology assets are proving popular with US investors in the Covid marketplace,...

    News Analysis    18 September 2020
  • Missing piece

    Lack of equity investors holding back CLO growth

    The CLO primary market is fully back to post-summer business with three new deals pricing yesterday,...

    News Analysis    11 September 2020
  • Multi-level Libor exposure eyed

    Sector developments and company hires

    Multi-level Libor exposure eyed Japanese securitisations with exposure to Libor on multiple level...

    Market moves    9 September 2020
  • Euro CLO payment mismatch grows

    Sector developments and company hires

    Euro CLO payment mismatch grows The payment frequency mismatch between underlying loans and Europea...

    Market moves    8 September 2020
  • SCI Start the Week - 7 September

    A review of securitisation activity over the past seven days

    SCI CRT Awards The submissions period for the 2020 SCI CRT Awards is now open. The qualifying perio...

    News    7 September 2020
  • Reporting template RTS published

    Sector developments and company hires

    Reporting template RTS published Seven Commission Delegated and Implementing Regulations comprising...

    Market moves    4 September 2020
  • CMBS cure rates eyed

    Sector developments and company hires

    CMBS cure rates eyed August US CMBS remittance data shows declining 30-plus day delinquency rates,...

    Market moves    3 September 2020
  • Negative rating actions tallied

    Sector developments and company hires

    Negative rating actions tallied Fitch reports that global structured finance negative rating action...

    Market moves    2 September 2020
  • Challenging times

    European CLO overlap issues addressed

    European CLOs’ overlap disadvantage versus the US has been exacerbated by the Covid crisis...

    News Analysis    2 September 2020
  • CECL eligibility expanded

    Sector developments and company hires

    CECL eligibility expanded The FDIC, OCC and the US Fed have finalised a rule that allows institutio...

    Market moves    28 August 2020
  • Middle ground?

    Middle market CLO credit agreements being renegotiated

    Many of the borrowers of the loans underlying US middle market CLOs are facing severe economic distr...

    News    26 August 2020
  • FDIC sued over Madden rule

    Sector developments and company hires

    FDIC sued over Madden rule The states of California, Illinois, Massachusetts, Minnesota, New Jersey...

    Market moves    25 August 2020
  • Skilled nursing CMBS eyed

    Sector developments and company hires

    Skilled nursing CMBS eyed DBRS Morningstar is reviewing its ratings on the CSMC 2019-SKLZ, Greyston...

    Market moves    24 August 2020
  • SCI Start the Week - 24 August

    A review of securitisation activity over the past seven days

    Last week's stories Car capital relief JPM Chase tests the auto loan waters with new CRT deal ...

    News    24 August 2020
  • Seasoned QMs proposed

    Sector developments and company hires

    Seasoned QMs proposed The CFPB has issued a notice of proposed rulemaking (NPRM) to create a new ca...

    Market moves    20 August 2020
  • New targets

    US CLO spread and issuance targets raised as previous levels already met

    US CLO triple-A and triple-B secondary spreads are now at 150bp and 450bp, while net primary supply...

    News    20 August 2020
  • Special servicing assets transferred

    Sector developments and company hires

    Special servicing assets transferred The assignment of substantially all of the assets of C-III Ass...

    Market moves    18 August 2020
  • SCI Start the Week - 17 August

    A review of securitisation activity over the past seven days

    Last week's stories Collections clarity Payment arrangement ABS strengthened Problem solving ...

    News    17 August 2020
  • Repeat patterns

    CLO equity activity continues to be challenged

    The US CLO primary and secondary markets broadly appear to have bounced back from the early stages o...

    News Analysis    12 August 2020