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Prospect News home > News index > List of issuers S > Headlines for Seix Investment Advisors LLC > News item
Published on 1/16/2020 in the Prospect News CLO Daily.

CLO new issue market quiet; high-grade CBO/CDO/CLO paper trades mostly flat

By Cristal Cody

Tupelo, Miss., Jan. 16 – The CLO new issue market remains mostly quiet so far, while the secondary market continues to see active trading volume.

One reported refinancing transaction has priced year to date.

GC Investment Management LLC refinanced $400 million of AAA notes in the vintage 2015 Golub Capital Partners CLO 28(M) Ltd./Golub Capital Partners CLO 28(M) LLC middle-market deal last week.

Coming up, Seix Investment Advisors LLC is expected to refinance the broadly syndicated Mountain View CLO 2016-1, Ltd./Mountain View CLO 2016-1, Corp. transaction.

In the secondary market on Wednesday, $460.43 million of high-grade paper and $280.39 million of lower-rated CBO/CDO/CLO issues were traded, Trace data shows.

The investment-grade securities traded at a 99.50 average price and 99.50 weighted average price, while the non-high-grade issues traded at an average 93.10 price and 87.90 weighted average price.

Investment-grade CBO/CDO/CLO paper has been mostly flat on average over the past three sessions.

On Tuesday, $513.05 million of investment-grade CBO/CDO/CLO issues and $442.43 million of lower-rated CBO/CDO/CLO paper traded.

The investment-grade securities traded at a 99.50 average price and 99.60 weighted average price, while the non-high-grade issues traded at an average 89 price and 82.70 weighted average price.

On Monday, $554.3 million of high-grade issues were traded with an average price of 99.50 and a weighted average price of 99.70. The session included $309.99 million of lower-rated securities traded at an average price of 92 and a weighted average price of 89.90.


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