AAA CLO

USD CLO AAA

Only $8m of clips trade today with no meaningful shift in spread direction, US LSTA 100 Index +6bp dod.  AAA trade 127dm-131dm with one benchmark at the tight end PLMRS 2021-3A A1R covers 127dm / 6.4y WAL - EoRP 2030, MVOC 160, coupon +129bps and Palmer Square managed,

Mezz/Equity CLO

USD CLO Mezz/Equity

Small clips of AA and BB trade 151dm-191dm for AA (AA Index 166dm) and 269dm-334dm (BBB Index 295dm).

Mezz/Equity CLO

EUR MEZZ/EQUITY CLO

Still very light EUR trading via BWIC. Two Bain bonds traded: BCCE 2021-1X D (BBB) at 331 dm and BCCE 2021-2X E (B) at 627 dm.

AVOCA 29A SUB traded at 14%. It’s a strong deal with an ADR of 0.78%.