CLOs, Structured Finance

Octus on Credit: Innovations abound in CLO Land after market brushes off tariff scare

The CLO market has reawakened from its post-tariff slump, with a healthy primary pipeline emerging in recent weeks. While CLO tranches initially lagged the recovery seen in the loan market, a tightening bias has now emerged. The latest Sound Point offering in Europe guides triple-As at 132-134 bps,...

Published on May 22, 2025

Unlocking a Competitive Edge in the Credit Markets: Mastering Fundamentals Data in Structured Credit

Published on May 21, 2025

CLO Managers Sold Peraton Ahead of Triple-C Downgrade

Reporting: Chloe WangMoody’s Investors Service downgraded Peraton by two notches to Caa2 from B3 with a negative outlook yesterday, May 12, following Fitch Ratings’ earlier one-notch downgrade to CCC+ from B-. Octus, formerly Reorg, reported that the downgrade affects 102 U.S....

Published on May 13, 2025

Insurers Bet Big on CLOs as NAIC Scrutiny and Tariff Headwinds Loom Large

Reporting: Sid Punjabi Publicly filing life insurers increased their CLO holdings by $14 billion during the 2024 calendar year, according to data provided to Octus, formerly Reorg, by New Debt Exchange. The asset class accounted for 6.06% of investments on life insurers’ balance sheets by...

Published on May 8, 2025

Finland’s Mandatum Asset Management Explores Debut Euro CLO Issuance

Reporting: Victoria ThieleMandatum Asset Management, the investment firm headquartered in Helsinki, is holding preliminary talks with investors about a potential new CLO platform, according to sources. The process began late last year and is in the early stages, the sources said. A...

Published on May 7, 2025

Goldman Sachs Readies First-of-Its-Kind CLO for World Bank’s IFC Backed by Emerging-Market Loans

Reporting: Diana Bravo, Hugh MinchThe International Finance Corporation, the investment arm of the World Bank, is preparing to issue a first-of-its-kind CLO backed by emerging-market debt, according to market sources, who told Octus that the advisor is working with arranger Goldman Sachs...

Published on May 6, 2025

Portfolio Analytics Wrap: CLOs With Stronger Credit Fundamentals Present Higher Equity Returns; Active Management Is Key Amid Volatility

Reporting: Sicheng Wan, Chloe Wang CLOs with higher equity returns showcase stronger credit fundamentals in the underlying leveraged loans, according to a study of Octus’, formerly Reorg’s, Portfolio Analytics data. CLO equity has performed strongly historically, attracting a...

Published on May 5, 2025

2GenPen Proposes First Ever ‘Collateralized Municipal Loan Obligation’ of $400M for City of Chicago

Reporting: Hoa P. Nguyen, Hugh Minch, Diana Bravo 2GenPen LLC is looking to raise $400 million for the first ever collateralized municipal loan obligation, or CMLO, named Chicago Rising CMLO Trust, which the firm is hoping to launch this fall, according to co-founders Larry Wadler and Penny Pan....

Published on May 1, 2025

CLO ETFs Tested by ‘In-Kind’ Investor Strategies Amid Volatility

Reporting: Diana Bravo, Chloe WangInvestors in CLO exchange traded funds, or ETFs, have been experimenting with “in-kind” redemptions amid the ongoing tariff uncertainty, according to market sources. The strategy comes as an arbitrage opportunity opens up as these funds undergo their...

Published on Apr 29, 2025

Octus is a Proud Sponsor of “The Annual CLO Industry Conference”

Published on Apr 25, 2025