Bain prints second European CLO new issue of 2021
.Bain’s latest deal, Bain Capital Euro CLO 2021-2, comes just four months after it priced its first new issue of the year

Anchorage prints 60th Euro CLO new issue of 2021
Anchorage Capital has priced the 60^th European new issue CLO of 2021, taking new issue volume above €24 billion

Resets return as Oaktree reworks and upsizes 2020 European CLO
Oaktree Capital Management has become the latest manager to rework its 2020 European CLO

Over 1,000 Euro CLO tranches under observation with Fitch's new rating methodology
Fitch says it has placed 1,246 tranches rated B- to AA+ from 212 European CLO tranches under criteria observation, following an update to its CLO ratings methodology

Goldman prices two European CLOs in a day
Goldman Sachs priced a pair of European CLOs on Friday to break a near six-month gap from European new issues

Blackstone edges the European market tighter with third new issue of the year
Blackstone Credit priced Dillon’s Park on Friday via Deutsche Bank, according to market sources, for its third new issue of 2021 after Carysfort Park in March and Rockfield Park in June

CLO triple As hit 102bp again as Capital Four becomes 42nd manager to print European CLO
Capital Four has become the 42^nd manager to price a new issue European CLO this year after partnering with Bank of America to produce Capital Four CLO III

BlueBay wins investor respect with strong print on second European CLO
.Barclays arranged the deal, named BBAM European CLO II, which will feature ESG-eligibility criteria

Euro CLO triple As could fall to 100bp as Cairn markets new issue
European CLO triple As could fall back down to 100 basis points over Euribor with Cairn Loan Investment’s latest new issue, Cairn CLO IX

Sound Point goes long again with five-year European CLO
Sound Point  has opted for a five-year reinvestment period in its latest European new issue - five months after printing Europe's first ever five-year deal

CLO wormhole opens as deal pricing blurs
The CLO prints you see today might have happened a month ago. No, we’re not travelling back in time. Instead, a trend toward locking in senior notes a month early is skewing market pricing

Redding Ridge prints European CLO as triple As drift beyond 100bp
European new issue CLO triple As have passed the 100 basis points over Euribor mark with Redding Ridge Asset Management’s latest CLO pricing at 102bp

Euro CLO managers price €1bn as triple As surpass 100bp and capped tranches gain popularity
CBAM, Hayfin Capital Management and GoldenTree Asset Management have all taken to the European CLO primary market, adding €1 billion to 2021 volume

Global CLO trading lab: secondary volumes inflate and easily get absorbed
Weekly secondary CLO volume has been lower across the capital structure in recent weeks as 2021’s refinancing wave left investors with plenty of choice

French foodco CDS jumps on bond offering
Picard, the French frozen foods company, is a big underperformer in credit markets on Monday, as it limbered up to bring a triple-tranche bond deal

Global CLO b-wic round-up: equity trades break new records as investors look to redeploy cash
The CLO secondary market is experiencing heavy churn with €273.5 million of European CLO paper and $1.05 billion of US CLOs listed last week. Within that supply, a record trade for a 2.0 European CLO equty tranche was recorded 

Credit makes strong gains in relief rally
The week has opened on a stronger tone amid a calming of government bond yields, conducive manufacturing data in Europe and a new covid-19 vaccine approval in the US

KKR pushes for nearly five-year reinvestment as Redding Ridge resets €554 million CLO
The European CLO reset wave is proceeding apace with KKR and Redding Ridge pricing deals on Tuesday

Triple As could fall to 80bp as Spire markets new issue Euro CLO
Spire is marketing its latest new issue European CLO, named Aurium CLO VII 

Invesco Euro CLO refi cuts 41.5bp from financings costs
Invesco has refinanced the four most senior tranches of its inaugural 2.0 European CLO. JP Morgan cut financing costs on Invesco CLO I by 41.48 basis points

Oak Hill pairs with Citi on first new issue European CLO since 2018
Oak Hill Advisors has printed its first new issue European CLO in over two years and its first primary CLO transaction in Europe since a refinancing in 2019

Silver squeeze reaches credit in brighter trading mood
Financial markets are beginning the week and the month in a more positive mood after a volatile end to January. But retail investor power - the bane of hedge funds last week - is again exerting an influence that permeates through to credit

OC health check: CLOs end 2020 with fragile recovery
Only 109 CLOs breached an overcollateralisation test in December, falling from 121 in November. This in turn was down from the 147 CLOs that breached an OC test in October, but 33 cured their breaches in November and a further 11 cured all OC test failures in December

Compression plays out as HY and European CLO double Bs outperform
Investment grade and high yield credit spreads have tightened in sync with each other this week, but CDS and CLOs alike underline that the big theme over the past month has been compression between investment grade and high yield

Global CLO b-wic round-up: Junior tranches rally amid heavy supply, including portfolio liquidation
The US CLO secondary market rally is showing no signs of slowing down after a week of over $1 billion worth of bonds was listed and well absorbed, according to market sources. The European market also had a roust week with over €300 million of paper up for grabs, although the market stayed generally flat with some tightening in double and single Bs