KopenTech Blog – Market-building trends and news to help you innovate and improve

02/02/2024

Explore the Power of Issuance Monitor

KopenTech offers the most comprehensive CLO primary data through its KTX platform. It’s an essential tool for arranging banks, buy-side investors, and CLO Managers. The Issuance Monitor turns complex data into clear, organized information, making it easy to explore both...

CLO Market Trends/Main Features/Uncategorized

12/18/2023

KopenTech announces anonymous All-to-All trading for CLOs

LOS ANGELES (GLOBE NEWSWIRE) – KopenTech Capital Markets, LLC (“KCM”), the first online provider of electronic trading for structured products, has launched a new All-to-All trading protocol for CLO securities and successfully completed its first two client trades. All-to-All trading...

Electronic Trading/Main Features

11/18/2024

CLO Market Trends: October 2024 Edition

$26Bn in monthly resets and $6Bn in private credit issuance hit all-time highs; BB prices up 3 points Guest Speaker: Jonathan Insull & Edward Vietor, Nassau Global Credit Primary Market “Large AAA buyers are seeing their books pay down rapidly as...

CLO Market Trends

10/15/2024

CLO Market Trends: September 2024 Edition

HY TRACE volumes increase by 45%, Reset volumes are up 6% from August, reaching record highs Guest Speaker: John Wu, Seix Investment Advisors Primary Market The US BSL new issue volume is 33% down compared to August. Year-to-date (YTD) 2024 volumes...

CLO Market Trends

09/20/2024

CLO Market Trends: August 2024 Edition

US MM Reset volumes reach $4.8 billion, the highest since September 2021; BWIC posted volumes reach LTM lows; only $1.3Bn reported as traded Guest Speaker: Josh Soffer, Prospect Capital Management Primary Market “The environment is better. The arb improved over the...

CLO Market Trends

08/19/2024

CLO Market Trends: July 2024 Edition

July resets reach historical highs of $21BN, AAA new issue spreads are in mid-130s bps. Guest Speaker: Jonathon Siatkowski, Marathon Asset Management Primary Market “In July, we began to see primary spreads continue tightening again, and new issue pace regain momentum.”...

CLO Market Trends

06/21/2024

CLO Market Trends: May 2024 Edition

New issue volumes rise to $23.5 Bn, AAA tightens 140 bps, dealer net purchase hits $2.52 Bn Guest Speaker: Kenneth Szal, SLC Management Primary Market “It is a struggle to acquire bonds right now, especially in refinancings and resets. This trend...

CLO Market Trends/Uncategorized

05/14/2024

CLO Market Trends: April 2024 Edition

New issue volumes rise to $17.4 BN, AAA spreads hit 145 bps, BWIC volumes drop to $1.8 BN Guest Speaker: Angela Best, MetLife BWIC Volumes US BWIC volumes are lower amid strong primary issuance, with traded volumes showing a 36% decrease...

CLO Market Trends

04/18/2024

KopenTech’s Monthly CLO Trends Webinars: A Gateway to Expert Insights and Market Analysis

In the rapidly evolving landscape of Collateralized Loan Obligations (CLOs), staying ahead of market trends is paramount. This is why, for the past two years, KopenTech has been at the forefront, providing monthly webinars that offer deep dives into the...

CLO Market Trends

04/18/2024

CLO Market Trends: March 2024 Edition

Steady $2.9BN US BWIC trades volume amid surging refi/resets ($8.99BN/$10.70BN) BWIC Volumes US BWIC volumes keep falling below January highs for posted volumes, but traded volumes stay consistently above LTM averages. There were $4.4 BN posted, of which $2.9 BN...

CLO Market Trends

04/05/2024

KopenTech Achieves Milestone with Successful SOC 2 Type II Audit Certification

LOS ANGELES, 4 April 2024 — KopenTech LLC (“KopenTech”), a leading electronic trading and analytics platform for structured products, has successfully completed the rigorous System and Organization Controls (SOC) 2 Type II audit. The SOC 2 Type II audit, developed...

Uncategorized

03/15/2024

CLO Market Trends: February 2024 Edition

US BWIC volumes are on par with LTM averages with $2.9 BN traded. New issue volumes are highest in last twelve months, and refi/reset deals are becoming more prominent. BWIC Volumes US BWIC volumes in February were slightly below January...

CLO Market Trends