The Impact of COVID-19 on CLO Deal and Manager Performance
With the CLO new issuance and deal pipeline comeback, coupled with a low-interest rate environment, the cost of CLO liabilities has tightened.
With the CLO new issuance and deal pipeline comeback, coupled with a low-interest rate environment, the cost of CLO liabilities has tightened.
Before the pandemic subjected the globe to a flash recession, financial analysts had raised several concerns about the exuberance of the
The commerce department reported yesterday that the third-quarter US GDP saw a 33.1% growth on an annualized basis. The growth comes after the
The last few months have been a roller coaster ride for the financial markets. While the equity market has been crossing one benchmark after another
Earlier this month, Trepp attended the Opal European CLO Summit in London to hear industry colleagues discuss a wide range of topics, including risk
A holiday-shortened week in the US (and the start of a new quarter) brought a predictable slowdown to the US CLO market. As a quick recap,
With Independence Day just around the corner, it seems like the US market was looking to push out as much as possible right before the holiday.
It was another slow week for the CLO market with only five deals pricing last week. That was down from six pricings the prior week. All five
Following a busy week to start the month of June, the CLO market tapered off last week. Last week saw six deals price in total, down from nine
CLO issuance picked up last week, thanks to an uptick in pricings from the US market. In total, seven deals were priced during the week of June
With last week being a four-day work week in the US, the volume of new pricings was predictably a little lighter from previous levels. In
Even though last week was the precursor to a US holiday weekend and many investors and traders called it quits a day early, the CLO market
On the heels of a surprisingly low new issuance total, the CLO market rebounded to a more moderate pace last week. A total of eight deals priced
Total CLO pricing volume the week of May 6th clocked in at its most disappointing figure in a few months. Only three deals priced last week,
The CLO market picked up considerably last week after a slight lull the prior two weeks. Twelve deals priced last week, up from seven last week