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.

• Short-lived slowdown?

  CLO primary volumes temporarily ease but set to return

  The CLO primary market is slightly easing up into quarter-end, albeit from hitherto unseen volumes....

  News Analysis    26 March 2021

• CLO pricing service selected

  Sector developments and company hires

  CLO pricing service selected SCI Valuations has been selected by Bloomberg’s Enterprise...

  Market moves    25 March 2021

• Securitisation tax consultation underway

  Sector developments and company hires

  Securitisation tax consultation underway The UK HMRC has launched a consultation seeking views on t...

  Market moves    24 March 2021

• Red Cross in humanitarian cat bond first

  Sector developments and company hires

  Red Cross in humanitarian cat bond first The first-ever humanitarian catastrophe bond covering pure...

  Market moves    23 March 2021

• CLO fallback language reviewed

  Sector developments and company hires

  CLO fallback language reviewed S&P has reviewed the indentures of the 870 CLOs it rates to...

  Market moves    22 March 2021

• Manager maintenance

  CRE CLO credit quality maintained by manager strategies

  CRE CLOs have performed well through the pandemic, maintaining their OC cushions, largely as a resul...

  News Analysis    22 March 2021

• SCI Start the Week - 22 March

  A review of securitisation activity over the past seven days

  Last week's stories Bifurcated bother Stress for CMBS secured by ground fees, leaseholds Dive...

  News    22 March 2021

• MPL acquisition to accelerate auto financing

  Sector developments and company hires

  MPL acquisition to accelerate auto financing Upstart Holdings is set to acquire Prodigy Software,...

  Market moves    19 March 2021

• Chip shortages 'credit positive' for auto ABS

  Sector developments and company hires

  Chip shortages ‘credit positive’ for auto ABS Sizable auto production cuts due...

  Market moves    18 March 2021

• Bank boost

  US CLO triple-As see strong bank demand, but for how long?

  Significant support from US banks has contributed to the 2021 rally at the top of the stack. Inevita...

  News Analysis    16 March 2021

• 'Unprecedented' Moroccan CRT closed

  Sector developments and company hires

  ‘Unprecedented’ Moroccan CRT closed Moroccan fertiliser giant OCP Group has sub...

  Market moves    16 March 2021

• SCI Start the Week - 15 March

  A review of securitisation activity over the past seven days

  Last week's stories Alignment issues EEM performance concerns emerge Cladding issues Fire-sa...

  News    15 March 2021

• Strategic expansion

  Capital Four ceo Sandro Naef and Capital Four US ceo Jim Wiant answer SCI's questions

  Q: How and when did Capital Four become involved in the structured credit market? A: We have been i...

  The Structured Credit Interview    12 March 2021

• BDC fair value assessed

  Sector developments and company hires

  BDC fair value assessed On the back of tightening BDC spreads and growing investor interest, JPMorg...

  Market moves    11 March 2021

• Asset and liability origination tie-up agreed

  Sector developments and company hires

  Asset and liability origination tie-up agreed Apollo and Athene have entered into a definitive ag...

  Market moves    9 March 2021

• CLOs/CBOs solid

  US CLO primary rumbles on as CBOs perform strongly

  The US CLO refi/reset machine rolled on last week with primary spreads narrowing at the top of the s...

  News Analysis    9 March 2021

• SCI Start the Week - 8 March

  A review of securitisation activity over the past seven days

  Last week's stories Benchmark legislation Congress to rescue Libor-based contracts, but question...

  News    8 March 2021

• Libor announcements to 'accelerate' transition

  Sector developments and company hires

  Libor announcements to ‘accelerate’ transition The UK FCA has confirmed that al...

  Market moves    5 March 2021

• Middle market opportunities

  MM CLOs still offer relative value and continued innovation

  One of the key attractions of middle market CLOs is the relative value opportunity they offer invest...

  News Analysis    5 March 2021

• General QM delay proposed

  Sector developments and company hires

  General QM delay proposed The CFPB has released a notice of proposed rulemaking (NPRM) to delay the...

  Market moves    4 March 2021

• Benchmark legislation

  Congress to rescue Libor-based contracts, but questions remain

  Federal Reserve chairman Powell’s endorsement last week of federal legislation to ease the...

  News Analysis    3 March 2021