CDOs

Presale reports were issued Monday for the $407.35 million Wellfleet CLO 201-1 and the $406.35 million NXT Capital CLO 2017-1; the two deals are the latest of four new offerings noted by ratings agencies since last week and among 14 this month.

Collateralized loan obligations are in such high demand that investors are increasingly willing to allow managers to actively manage portfolios for longer periods.

Spire Partners priced the first new Euro-denominated CLO deal for March, the €348 million Aurium CLO III last week, according to a report published Monday by Moody's Investors Service.

The monthly change for defaulted holdings in CLO 2.0s – which now comprise 95% of the market for outstanding CLO issues – rose 0.1% and now stand at 0.12%. The rate for CLO 1.0s rate 0.12%, now standing at 3.13%.

The $609.6 million GoldenTree Loan Management US CLO 1 is the first broadly syndicated loan offering from a new collateralized loan management asset firm that was launched in January after entering into a services agreement with GoldenTree Asset Management.

EJF Capital is preparing a collateralized debt obligation backed by securities intended to help small banks and insurance companies raise capital.

Barings U.K. is serving as manager for a new collateralized loan obligation warehouse funding structure that will have a target notional value of between €320-€400 million (US$338-$422.8 million), according to a report from bond rating agency DBRS.

U.S. CLO new issue bounced back in February with 15 deals coming to market for a combined total of $8.1 billion, according to Thomson Reuters LPC.

PGIM is placing its first collateralized loan obligation offering of the year with an tilt toward lower-quality credits, as well as deferred interest across a large segment across the subordinate tranches of the $612 million transaction.

Securitization pros compared notes on regulatory compliance and learned about the risks and rewards of fintech; here are the highlights of the Structured Finance Industry Group;s annual confab.

The slow pace of new issuance is likely to compel CLO investors to accept even smaller risk premiums, according to participants polled at an industry conference Monday.

Securitization pros are guardedly optimistic about the Trump Administration’s impact on the industry, even if no one expects to see a rollback of regulations imposed by the Dodd-Frank Act in the immediate future.

PineBridge Investments has priced its first collateralized loan obligation of the year.

The Prime Collateralised Securities Initiative is aiming to boost synthetic securitization, which offer an alternative way for European banks to free up capital for more lending.

Middle market lender Madison Capital Funding is preparing its first collateralized obligation of the year.

GSO/Blackstone Debt Funds Management earned the top spot in deal-count of U.S. CLO transactions by registering 28 deals totaling $13.3 billion in 2016, according to a tally of manager activity in the collateralized loan obligation market by Moody’s Investors Service.

Bain Capital Credit is pursuing the first U.S. CLO refinancing this year that does not appear driven by risk-retention strategies.

Trading volume of $56.6 billion in the fourth quarter was the second-highest level for the market since the first quarter of 2014. Loan prices selling near or above par also rose last fall.

New collateralized loan obligation volume through Feb. 10 has already topped $3.2 billion with at least nine new deals in the pipeline, the LSTA reported. That adds to $4.8 billion in refinancing activity for the month, after two more refis were priced on Thursday.

CVC Credit Partners is marketing what is only the second new European collateralized loan obligation of the year.