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.
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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