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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.


  • Conduit CMBS on watch

    Sector developments and company hires

    Conduit CMBS on watch S&P has placed its ratings of 96 classes from 30 US conduit CMBS on...

    Market moves    4 June 2020
  • Experience counts

    CLO managers surveyed

    Manager differentiation remains a key issue in the CLO market, with many investors focusing on indiv...

    News    4 June 2020
  • Long road ahead

    CLO secondary pricing action premature?

    Sentiment in the CLO secondary market is overwhelmingly positive, which is showing up in recent pric...

    News Analysis    3 June 2020
  • More Euro CLOs on review

    Sector developments and company hires

    More Euro CLOs on review Moody’s has put a further 234 tranches from 77 European BSL CL...

    Market moves    3 June 2020
  • New paradigm?

    Trustee discretion required in virtual environment

    The coronavirus crisis ushered in a new paradigm for securitisation noteholder communication and doc...

    News Analysis    2 June 2020
  • Managers measured

    CLO manager pandemic performance quantified

    US CLO managers have worked harder than ever before to reduce triple-C exposure and build par in unp...

    News    2 June 2020
  • Equity opportunities?

    Sector developments and company hires

    Equity opportunities? Despite a lack of visibility and liquidity and with cashflows likely to deter...

    Market moves    1 June 2020
  • SCI Start the Week - 1 June

    A review of securitisation activity over the past seven days

    Last week's stories Accessing guarantees CBILS securitisation warehouses mulled Forbe...

    News    1 June 2020
  • Renewables JV inked

    Sector developments and company hires

    Renewables JV inked By way of a joint venture, illimity Bank and VEI Green II have set up a securit...

    Market moves    29 May 2020
  • Growth phase

    European CLOs seeing increasing attention to ESG criteria

    The current crisis has initiated further discussion surrounding sustainability. Expectations are tha...

    News Analysis    28 May 2020
  • Pan-European guarantee fund launched

    Sector developments and company hires

    Pan-European guarantee fund launched The EIB board has approved a €25bn Pan-European Guara...

    Market moves    27 May 2020
  • CLO tender offer launched

    Sector developments and company hires

    CLO tender offer The Black Diamond CLO 2015-1 issuer has launched a tender offer to all noteholders...

    Market moves    22 May 2020
  • Back on hold

    European MM CLOs stymied by pandemic

    The long hoped for pick up in European middle market (MM) CLO issuance was expected to arrive in 202...

    News    22 May 2020
  • CLO manager performance assessed

    Sector developments and company hires

    CLO manager performance assessed JPMorgan has issued its latest CLO manager quarterly reports for b...

    Market moves    21 May 2020
  • TALF subscription date announced

    Sector developments and company hires

    TALF subscription date announced The New York Fed has scheduled the first TALF ABS loan...

    Market moves    20 May 2020
  • SME CLO, SRT PD adjustments mooted

    Sector developments and company hires

    SME CLO, SRT PD adjustments mooted DBRS Morningstar is considering additional adjustments to refl...

    Market moves    18 May 2020
  • Equity uptick

    CLO equity back in focus in the US secondary market

    The US CLO secondary market saw a pick-up in equity activity last week. At the same time, focus has...

    News    18 May 2020
  • SCI Start the Week - 18 May

    A review of securitisation activity over the past seven days

    Last week's stories Auto ABS boost European ABS market update Drafting issues The potential...

    News    18 May 2020
  • Tortuous TALF 2.0

    Markets question TALF usage

    The Federal Reserve this Tuesday (May 12) published more details about the terms of its $100bn new e...

    News Analysis    15 May 2020
  • Conflict of interest charge settled

    Sector developments and company hires

    Conflict of interest charge settled The US SEC has charged Morningstar Credit Ratings for violating...

    Market moves    15 May 2020
  • Corporate actions slow down

    Sector developments and company hires

    Corporate actions slow down Negative rating actions on corporate loan issuers continue to accumulat...

    Market moves    14 May 2020