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.


  • 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
  • Cautiousness prevails

    European CLO market update

    The European CLO market has had a solid run in to month-end this week, with the first post-Covid cra...

    News    30 April 2020
  • Unlocking capital

    Premod Thomas, ceo of Bayfront Infrastructure Management, answers SCI's questions

    Q: Bayfront Infrastructure Management is seeking to help address an infrastructure financing gap in...

    The Structured Credit Interview    30 April 2020
  • Prudential flexibility reiterated

    Sector developments and company hires

    Prudential flexibility reiterated The European Commission has adopted a package to help facilitate...

    Market moves    29 April 2020
  • Growth phase

    Asian infrastructure loans eyed

    Singapore-based Clifford Capital has established a holding company structure under Clifford Capital...

    News    29 April 2020
  • European SME ABS struggling

    Sector developments and company hires

    European SME ABS struggling Coronavirus-driven disruption is creating financial difficulties for...

    Market moves    27 April 2020
  • SCI Start the Week - 27 April

    A review of securitisation activity over the past seven days

    Last week's stories Accessing liquidity The role technology plays in securitising trade finance...

    News    27 April 2020
  • De-risking deluge?

    US CLO managers' initial crash response assessed

    The current unprecedented trading conditions will only lead to ever-greater CLO manager differentiat...

    News    27 April 2020
  • Inventory ABS prepped

    Sector developments and company hires

    Inventory ABS prepped Fintech platform Supply@ME Capital (SYME) has entered into an agreement with...

    Market moves    24 April 2020
  • Grandfathering for Dutch CLO issuers

    Sector developments and company hires

    Grandfathering for Dutch CLO issuers The Dutch tax authorities have provided written confirmation t...

    Market moves    23 April 2020
  • Structural review

    New shape of European CLOs examined

    CLO issuers are having to adapt to the current market environment and consequently new deals are mov...

    News    22 April 2020
  • Rating reaction?

    Potential shift to non-investment grade drives selling

    The CLO BWIC calendar has been dominated by triple-B paper so far this week, as sellers look to off-...

    News    21 April 2020
  • Moody's puts CLOs under review

    Sector developments and company hires

    Moody’s puts CLOs under review Moody's has placed on review for downgrade its r...

    Market moves    20 April 2020
  • SCI Start the Week - 20 April

    A review of securitisation activity over the past seven days

    Last week's stories Bilateral activity Opportunistic capital redeployment underway Coverage...

    News    20 April 2020
  • CMBS secured, unsecured sub debt weighed

    Sector developments and company hires

    CMBS secured, unsecured sub debt weighed Senior US CMBS loans with unsecured subordinate debt (s...

    Market moves    16 April 2020
  • Second wave

    Widespread CLO rating downgrades add further uncertainty

    Extensive CLO downgrades are expected to follow the widespread pandemic-driven negative rating actio...

    News Analysis    16 April 2020
  • Uncertain ratios

    OC senior test failures accelerate, but options remain for some CLO managers to cure breaches

    As the April reporting season gets underway in earnest, the number of US CLOs failing their OC tests...

    News Analysis    15 April 2020
  • TALF sparks rally

    US CLO seniors tighten, but Fed support may not be enough

    The end of last week saw US triple-A CLO bonds tighten in the secondary market, partly in response t...

    News Analysis    14 April 2020
  • TALF 2.0 eligibility expanded

    Sector developments and company hires

    TALF 2.0 eligibility expanded The US Fed has expanded the range of assets that are eligible collate...

    Market moves    9 April 2020
  • Mixed results

    Coronavirus consequences for European CLOs examined

    Outstanding European CLO transactions are expected to remain resilient despite downgrades and defaul...

    News    9 April 2020
  • EIF calls for guarantee applications

    Sector developments and company hires

    EIF calls for guarantee applications The European Commission has unlocked €1bn from the Eu...

    Market moves    8 April 2020