KopenTech Blog – Page 3 – Market-building trends and news to help you innovate and improve

06/10/2022

CLO Market Trends: May 2022 Edition

Guest Speaker: Michelle Manuel, Investec Bank BWIC Volumes May BWIC volumes declined 30% from the highs of March with $2.92BN trades/ $5.2BN posted. However, year to date volume of $16.93BN is up 139% versus 2021 of $12.20BN. TRACE Volumes TRACE volume is $18BN...

CLO Market Trends/Electronic Trading

05/17/2022

CLO Market Trends: April 2022 Edition

High Trading Volumes Continue, New Issue Volumes Recover April Webinar Guest Speaker: Dan Wohlberg, Eagle Point Credit Management BWIC Volumes April had close to a record in BWIC trading with 4.3BN trades/ $7.6BN posted. BWIC volume continues to be driven...

CLO Market Trends/Electronic Trading

04/19/2022

CLO Market Trends: March 2022 Edition

Secondary Trading Highest in 7 Years March Webinar Guest Speaker: Laila Kollmorgen, Portfolio Manager, PineBridge Investments BWIC Volumes Largest in 7 Years March was the strongest month in BWIC trading and the second largest posted in the last 7 years:...

CLO Market Trends/Electronic Trading

03/18/2022

Riskoff sentiment drives a flood of trading in CLO AAAs

Given their floating-rate nature, leveraged loans and CLO securities avoided turbulence seen in other fixed-income instruments and equities in early 2022. However, with the Russia-Ukraine war, the cracks have started to appear and a flood of trading in the senior...

Electronic Trading

03/11/2022

CLO Market Trends: February 2022 Edition

BWIC Volumes February total posted volumes continued to increase and rose to $5 Bn. This is the highest we have seen all year. However, with only $2.9 Bn traded, this is low compared to last February with $3.4 Bn. So,...

CLO Market Trends/Electronic Trading

02/10/2022

CLO Secondary Market Trends: January 2022 Edition

BWIC Volumes January was a strong month for CLO trading. We had a total of $4.4 billion listed on BWICs, with $2.6 billion trading. The average volumes for the last 12 months are $3.2 billion for posted and $2.1 billion...

CLO Market Trends

02/01/2022

New feature: CLO Issuance Monitor

We’re excited to announce KopenTech’s newest feature, the CLO Issuance Monitor. It’s a centralized portal for all primary activity: new issues, refis and resets. With this portal, our objective is to have a centralized location and standardized approach to collecting...

Electronic Trading/Main Features

01/20/2022

CLO Secondary Market Trends: December 2021 Edition

BWIC Volumes December had a total of $2.59 billion listed on BWICs, lower than November’s $4.34 billion. While posted BWIC volumes were high relative to the rest of the year, only 1.61 billion actually traded via BWIC, consistent with our...

CLO Market Trends/Electronic Trading

01/13/2022

HalseyPoint CLO II AMR Refinancing

KopenTech is pleased to announce the successful refinancing of HalseyPoint CLO II, managed by HalseyPoint Asset Management, via an AMR auction held on January 12, 2022. AMR, Applicable Margin Reset, is an electronic multi-dealer auction for refinancing CLO debt tranches....

Online Refinancing (AMR)

12/29/2021

KopenTech Year End CLO Review

Primary issuance skyrockets in 2021 2021 top ten Issuers and Arrangers New Issue AAA Spreads:Reinvestment end > 3 years TRACE volume of $140 Bn falls short of 2020 record Most liquid tranches: BBs with 17% and BBBs with 14% of...

Electronic Trading