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.

• SCI Start the Week - 15 June

  A review of securitisation activity over the past seven days

  Last week's stories Addressing inconsistencies Performance metrics switched Calabria confiden...

  News    15 June 2020

• Californian auto loans eyed

  Sector developments and company hires

  Californian auto loans eyed The Westlake Automobile Receivables Trust 2020-2 issuer has disclosed t...

  Market moves    12 June 2020

• Synergy search

  CLO manager consolidation to stay sporadic?

  There have been a flurry of CLO manager mergers and transfers recently (SCI passim). However, the ne...

  News Analysis    11 June 2020

• Resolve and resilience

  Content sponsored by Ocorian

  James Maitland, regional head of Americas, Bermuda & Caribbean, and global head of capita...

  Talking Point    10 June 2020

• NCSLT consent judgment denied

  Sector developments and company hires

  NCSLT consent judgment denied Fitch has affirmed 37 notes and maintained its rating watch negative...

  Market moves    9 June 2020

• Changing focus

  US CLO primary garners more attention

  Retracement in the US CLO secondary market has been rapid. Now, bolstered by the belief, misguided o...

  News Analysis    9 June 2020

• Spread compression

  European ABS market update

  The rally in broader risk assets and the lack of new supply has boosted demand for paper in the Euro...

  News    9 June 2020

• CLO business integrated

  Sector developments and company hires

  CLO business integrated RBC’s US-based CLO management business is being integrated into B...

  Market moves    8 June 2020

• SCI Start the Week - 8 June

  A review of securitisation activity over the past seven days

  FREE - Capital Relief Trades Virtual Panel - LIVE For a discussion on how the Covid-19 fallout has...

  News    8 June 2020

• 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