CLO/CDO

ABS Daily

  • BlackRock CLO underlines further tightening

    BlackRock priced the tightest three year reinvestment period CLO since the pandemic hit, selling senior notes at 120bp over three month Libor and tightening the double-B spread from recent prints.

  • December window jump-starts securitization secondary

    December window jump-starts securitization secondary

    Euro securitization secondary markets leapt into action as traders see a window of spread tightening in December, crossing their fingers and hoping macro worries have abated for the remainder of the year.

  • CLO market hopes new govt keeps Volcker shift

    Changes to the Volcker rule allowing US CLOs to hold bonds as well as loans ought to survive the shift to a new administration, but market participants will be counting the days and hoping the changes, enacted at the beginning of October, aren’t caught up in a Congressional review.

  • 2021: year of the credit picker

    If 2020 was a year when sectors and broad virus news drove the market, 2021 will be the year of the credit picker, according to panellists at IMN's ABS East Virtual 2020 event, with individual loan selection more crucial than ever.

  • Newmarket CIO spies $200tr private debt win

    Newmarket CIO spies $200tr private debt win

    Institutional investors are on the verge of a huge opportunity in private debt, as assets migrate out of the banking system, according to Thierry Adant, who joined Newmarket Capital this week as its chief investment officer.

  • TALF soon to expire after CLO disappointment

    TALF soon to expire after CLO disappointment

    The Term Asset Backed Securities Loan Facility (TALF) program will expire at the end of the year, but, despite claiming to target the CLO market, it has proved disappointing, with only Golub Capital issuing a deal which could be bought by the program.

  • Covid crisis set to sort CLO winners from losers

    Covid crisis set to sort CLO winners from losers

    There will be winners and losers among CLO managers as a result of the Covid crisis, leading to consolidation in the sector, IMN's ABS East Virtual 2020 heard this week. Panellists tried to rethink the post-pandemic CLO landscape.

  • Owl Rock priced a rare tech-focused CLO

    Owl Rock priced a rare tech-focused CLO

    Owl Rock Capital Partners priced a rare tech-focused middle-market CLO primarily backed by loans to companies in software, media and services, and health care technology.

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