Primary clo trading

27 Nov 2019 NEW YORK, Nov 27 (LPC) - Issuance in the US Collateralized Loan Obligation ( CLO) market is forecast to fall next year as spreads remain 

A subscription to CLO-i gives you: Current and historic access to CLO performance data; CLO secondary trading information; Leveraged loan trading information and pricing; Information on forthcoming and recent CLO pricings; Creditflux manager, arranger and service provider rankings; To find out more about CLO-i, please see the About CLO-i page. The largest - according to Trepp's CLO data - is the $580 million NPC International - Term Loan which spreads at L+350. That credit has been on a steady decline over the last few months. About a year ago, the loan was trading at about $94 with about equal amounts of buying and selling. Broadly syndicated loans to non-investment grade U.S. Corporations are widely misunderstood outside of the loan industry. A number of commentators imply that leveraged loans are shadowy corporate equivalents to pre-crisis sub-prime mortgages. This is clearly not true and, to respond to such conflations, the LSTA recently published this white paper addressing these views. Dan is a Principal and Portfolio Manager of Eagle Point Credit Management. He is responsible for selecting and structuring strategic investment opportunities in the primary CLO market, analyzing secondary CLO market opportunities, executing trades, and monitoring Eagle Point’s investments. Head CLO Banking Head CLO Trading Skinny Auriga USA Joe Hornback 646-998-6481 joseph.hornback@aurigausallc.com Started trading on the secondary market in March 2015, seeking to pick up business shed by large banks. That effort should gain momentum with the May hiring of ex-Barclays trader Joe Hornback. Co-Head of CLO Primary J.P. Morgan. Aug 2016 – Present 3 years 4 months. New York. CLO Syndicate Analyst Sales and Trading at Bank of America Merrill Lynch. Danielle Serper. Danielle Serper

closing date. Upon closing, the transaction then has a ramp-up period during which time the CLO manager purchases additional collateral to complete the portfolio. Thereafter, there is a reinvestment period, which lasts anywhere from two to five years, whereby trading of the bank loans may occur. That

Head CLO Banking Head CLO Trading Skinny Auriga USA Joe Hornback 646-998-6481 joseph.hornback@aurigausallc.com Started trading on the secondary market in March 2015, seeking to pick up business shed by large banks. That effort should gain momentum with the May hiring of ex-Barclays trader Joe Hornback. Co-Head of CLO Primary J.P. Morgan. Aug 2016 – Present 3 years 4 months. New York. CLO Syndicate Analyst Sales and Trading at Bank of America Merrill Lynch. Danielle Serper. Danielle Serper Prior to joining Eagle Point, Patricia was a Junior Trader/Analyst on Citigroup’s CLO/CDO Secondary Trading Desk. In addition to trading across the CLO stack, Patricia managed all Bids Wanted in Competition (BWICs), customer and desk axes and the desk’s Profit & Loss on a daily basis. Jul 15, 2014. Press Release. New York — J.P. Morgan introduced today the J.P. Morgan CLO Index (CLOIE), a new collateralized loan obligation (CLO) index.As the first US CLO index of its kind, CLOIE offers total returns and analytics based on observable pricings of a representative pool of bonds following a stated methodology, and is published daily.

13 May 2016 Started trading on the secondary market in March out of his post as head U.S. CLO trader in January. was the main market-facing trader.

11 Apr 2019 After a tenuous start to 2019 for the CLO and leveraged loan sector, Documentation is the primary source for assessing the fundamentals of a  CLO). With hundreds of credit rating analysts on the S&P Global Ratings CLO, corporate, and loan recovery ratings teams, our collateralized loan obligation ratings 

Broadly syndicated loans to non-investment grade U.S. Corporations are widely misunderstood outside of the loan industry. A number of commentators imply that leveraged loans are shadowy corporate equivalents to pre-crisis sub-prime mortgages. This is clearly not true and, to respond to such conflations, the LSTA recently published this white paper addressing these views.

20 Feb 2019 However, the entry of new types of investors into the primary leveraged loans markets as “direct lenders” may drive down yields available on the  18 Feb 2014 Pursuant to the definition of covered fund, any CLO that would be an 1 Final Rule, Prohibitions and Restrictions on Proprietary Trading and Certain primary purpose of recognizing gains or decreasing losses resulting from 

Jul 15, 2014. Press Release. New York — J.P. Morgan introduced today the J.P. Morgan CLO Index (CLOIE), a new collateralized loan obligation (CLO) index.As the first US CLO index of its kind, CLOIE offers total returns and analytics based on observable pricings of a representative pool of bonds following a stated methodology, and is published daily.

15 May 2015 Leveraged loans are actively traded Even with the strong recovery in the U.S. CLO primary market in 2014, due to fast amortization the net 

1 May 2019 However, through careful credit selection and active trading, CLO managers may be able to limit annual portfolio loss rates. Leveraged Loan vs. 2 Jan 2020 never been a default in the AAA and AA -rated CLO debt tranches.1 Primary market purchases settle trade date plus three to four weeks. CLO debt issued to investors consists of several tranches, or layers, with different period, which lasts anywhere from two to five years, whereby trading of the bank assets tend to be acquired in the primary market (new issues), and a large  19 Sep 2019 CLOs are robust, opportunity-rich debt instruments that offer from purchasing loans to small companies, whose trading liquidity is low.