GoldenTree taps market; CLO secondary market volume lower ahead of Brexit vote

By Cristal Cody

Eureka Springs, Ark., June 23 – The CLO primary market continues to remain active in June with a second transaction priced over the month from GoldenTree Asset Management LP.

GoldenTree Asset Management brought the GoldenTree Loan Opportunities XII, Ltd. offering via GreensLedge Capital Markets LLC, a market source said. Final pricing details were not available by press time.

GoldenTree was previously in the primary market on June 13 with the €407.4 million Laurelin 2016-1 DAC deal via Credit Suisse Securities (Europe) Ltd.

CLO secondary trading volume was stronger in the first part of the week before dipping on Wednesday ahead of the Brexit vote.

Thirty CBO/CDO/CLO investment-grade securities totaling $202.57 million and 13 non-investment-grade CBO/CDO/CLO securities totaling $60.92 million were traded on Wednesday, according to data from Trace.

In the previous session, trading volume included 37 CBO/CDO/CLO investment-grade securities totaling $239.68 million and 28 non-investment-grade CBO/CDO/CLO securities totaling $761.48 million.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.