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.

• Libor consultation launched

  Sector developments and company hires

  ILS Peak Reinsurance Company has launched Asia’s first sidecar transaction via a new Ber...

  Market moves    11 December 2018

• Selling spike

  US CLO market update

  There has been a spike in selling of investment grade paper on the US CLO secondary market, coming m...

  Market Reports    11 December 2018

• Reaching capacity

  New CLO managers continue flocking to Europe

  Seven new CLO managers are warehousing assets, with European CLO platforms ready to issue in 1Q19. M...

  News Analysis    7 December 2018

• Bid scarcity

  European ABS market update

  A major UK bank is focusing efforts of European NPLs in the coming weeks, as spreads continue to wid...

  Market Reports    7 December 2018

• BTL securitisation planned

  Sector developments and company hires

  Europe Accunia has promoted Mads Romild as head of Accunia’s CLO platform. Romild will c...

  Market moves    6 December 2018

• Deals pulled?

  US CLO market update

  Several US CLO deals are believed to have been pulled from the pipeline and pushed back to 2019, ami...

  Market Reports    6 December 2018

• Cheaper deals

  European CLO market update

  The European CLO market seems stronger than it was last week, but still relatively volatile. &...

  Market Reports    5 December 2018

• Enforcement uncertainty

  Set-back for STS-eligible issuance

  The recent statement issued by the Joint Committee of the ESAs (SCI 4 December) is unlikely to be su...

  News    5 December 2018

• Print and sprint

  US CLO market update

  US CLO BWIC activity is booming ahead of tomorrow’s market holiday in honour of former pre...

  Market Reports    4 December 2018

• Activity upsurge

  European ABS market update

  The European primary and secondary ABS markets are seeing a surge in activity, due to uncertainty ov...

  Market Reports    4 December 2018

• BDC merger announced

  Sector developments and company hires

  BDC merger Golub Capital BDC (GBDC) has merged with Golub Capital Investment Corporation (GCIC), w...

  Market moves    4 December 2018

• Sustainable growth?

  Prospects for green CLOs examined

  Green CLOs are expected to play an increasing role in the private sector’s involvement in...

  News    4 December 2018

• Proportional approach

  ESAs tackle delay in transparency requirements

  The joint European Supervisory Authorities (ESAs) - which consist of the EBA, ESMA and the European...

  News    4 December 2018

• ESAs suggest 'proportion'

  Sector developments and company hires

  Aussie securitisation fund The Australian government has introduced a A$2bn Australian Business Se...

  Market moves    3 December 2018

• Multi-jurisdiction exposure

  Cashflow trade finance CLO prepped

  Standard Chartered is in the market with its first global cashflow CLO backed by US$1bn of trade fin...

  News    3 December 2018

• SCI Start the Week - 3 December

  A review of securitisation activity over the past seven days

  Market commentary European ABS activity remained subdued last week, with spreads drifting wider, du...

  News    3 December 2018

• Funding boost for online lender

  Sector developments and company hires

  Alesco CDOs transferred The collateral management agreements for the Alesco Preferred Funding X to...

  Market moves    29 November 2018

• Term leveraging

  European ABS market update

  The European primary ABS market is still drifting wider, due to concentration of supply. &ldqu...

  Market Reports    29 November 2018

• Canadian asset expansion

  Sector developments and company hires

  ILS TigerRisk Partners has hired Stephen Fromm as vice chairman of TigerRisk capital markets and a...

  Market moves    27 November 2018

• Start the week - 26 November

  A review of securitisation activity over the past seven days

  Market commentary US CLO equity and double-B bonds were casualties of last week’s drop i...

  News    26 November 2018

• Two-sided market

  European secondary market update

  There are a few CLO BWICs out for the bid today with another RMBS scheduled for this evenin...

  Market Reports    26 November 2018