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.


  • 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
  • Portfolio resilience

    Technology-driven investment gaining traction

    Pagaya has expanded to the US West Coast, beefing up its origination group. At the same time, the fi...

    News    14 May 2020
  • TALF CLO rules clarified

    Sector developments and company hires

    TALF CLO rules clarified The US Federal Reserve has clarified its CLO eligibility rules for TALF. I...

    Market moves    13 May 2020
  • SFSF investments disclosed

    Sector developments and company hires

    SFSF investments disclosed The AOFM has disclosed the recent investments it has made under the Stru...

    Market moves    12 May 2020
  • SCI Start the Week - 11 May

    A review of securitisation activity over the past seven days

    Last week's stories CRM tool CBILS guarantees eligible for CRR recognition EC decision awaite...

    News    11 May 2020
  • Known unknown

    Lack of data in MM CLOs leaves future open to interpretation

    US middle market CLOs currently appear to be in a better position than their broadly syndicated loan...

    News Analysis    7 May 2020
  • Ladder locks in financing

    Sector developments and company hires

    Ladder locks in financing Ladder Capital has entered into a strategic financing arrangement with ...

    Market moves    5 May 2020
  • WAM guidelines finalised

    Sector developments and company hires

    WAM guidelines finalised The EBA has published its final guidelines on the determination of the wei...

    Market moves    4 May 2020
  • SCI Start the Week - 4 May

    A review of securitisation activity over the past seven days

    Last week's stories Cautiousness prevails European CLO market update CRT vol aims for the sta...

    News    4 May 2020
  • MBS overvaluation case settled

    Sector developments and company hires

    Overvaluation case settled The US SEC has accepted an offer of settlement from Semper Capital Manag...

    Market moves    1 May 2020
  • Targeted action

    Wholesale ratings downgrades questioned

    The raft of negative rating actions currently hitting the securitisation market is perceived to be d...

    News Analysis    1 May 2020
  • Manager scrutiny

    CLO manager performance on watch

    CLO manager scrutiny is growing just as market conditions make their job harder. Nevertheless, diffe...

    News Analysis    30 April 2020