Euro CLO league tables: deal flurry takes Barclays and CVC to the top
The European CLO market machine swatted away any suggestion of a summer slowdown in August with €6.74 billion of issuance coming to market

Global CLO league tables - Aug 2021 YTD
Global CLO league tables - Aug 2021 YTD

Financial guarantees make comeback in European CLOs
European CLO tranche insurance has made a comeback, with sources indicating Assured Guaranty has guaranteed tranches in two Euro CLOs for two separate European investors (a bank and an insurance company) in the past month

Blackstone regains top CLO spot as it slashes 60bp funding costs on 2020 reset
BNP Paribas has reset and upsized Blackstone's Avondale Park, cutting the CLO’s funding costs by over 60 basis points

Euro CLO league tables: Blackstone back on top while Jefferies extends lead as focus turns to new issues
2021 European CLO issuance crossed €60 billion in July, which is more than the 22 months that preceded this year

Global CLO league tables - Jul 2021 YTD
Global CLO league tables - Jul 2021 YTD

Blackstone prints Euro CLO reset at wider end of guidance
Blackstone Credit has priced the reset of its European CLO Tymon Park via Goldman Sachs

Global CLO trading lab: Equity supply spikes as investors go long
CLO equity returned to the secondary market in a big way last week, after a month of very little visibility, with $118.3 million of US CLO and €44.9 million of European CLO subordinated notes on sale

Blackstone opts for another four-year reinvestment Euro CLO in upcoming reset
Blackstone has followed a four-year new issue with plans for a four-year European CLO reset 

Standard Chartered takes on hybrid placement agent/investor role on European CLOs
Standard Chartered has made a breakthrough in European CLOs by serving as co-placement agent on deals

Blackstone, Chenavari, CIFC and Five Arrows add €2 billion to weekly Euro CLO issuance
Nearly €2 billion of European CLO issuance priced this week, with Blackstone, Chenavari, CIFC and Five Arrows adding to Napier Park’s reset earlier in the week

Global CLO pricing lab: let’s all point at that 108bp print while spreads leak out
The tsunami of CLO paper coming to market is the biggest technical factor causing spreads to widen, according to sources

Euro CLO league tables: out with the old, in with the new as Jefferies leads way
Despite being a newcomer to the European CLO market this year, Jefferies has taken the market by storm and leads the way in overall European CLO issuance

Global CLO league tables - May 2021 YTD
Global CLO league tables - May 2021 YTD

Blackstone CLO origination head relocates to London
Blackstone’s global head of capital formation liquid credit has relocated from New York to London

CLO pipeline: queue gets longer as Blackstone goes again and Sancus makes first move
The queue to price for US CLO managers is only getting larger with 18 new issue CLOs in the pipeline, according to market sources, along with 18 repricings and two new issue European CLOs and two mid market CLO resets

Blackstone and Credit Suisse among participants in talks for new ESG loan index
European leveraged loan market participants – including Blackstone and Credit Suisse – are said to be in the process of launching the ESG loan index

Blackstone goes on coffee run as it picks up control equity in five European CLOs
Blackstone Credit appears to have bought the CLO equity notes of five European CLOs in a transaction dubbed ‘Project Coffee’

Global CLO trading lab: Octagon CLO comes out top in CLO double B spike
Double B-rated bonds made up 40% of the European and US CLO secondary markets last week. $222 million of US CLO double B bonds were on sale and a further €105 million of European CLO double B items were listed

Global CLO pricing lab: investors get over fatigue and embrace reset roll over
The demand for CLOs is showing no signs of slowing down after the market had experienced some fatigue at the end of the first quarter and into the second. In the last two weeks, there have been 47 CLO transactions across all forms of pricing in the three markets; led by 18 US CLO new issues

CLO pipeline: new issue becomes name of game with 14 managers preparing to price
Only $3.2 billion of CLO paper priced globally across all forms of pricings this past week. But the market looks to set to explode back into life with 14 US CLO new issues in the pipeline

Woah, we’re halfway there
Judging by the 2020 vintage, European CLO overlap is 50%. But varied approaches to holding bonds and the many loans managers turn down mean there are ways for issuers to outperform

Euro CLO league tables: cramming a year's worth of work in two months
It is no surprise the European CLO market has been experiencing fatigue at times this year with the last two months of issuance alone almost equalling issuance figures for the whole of 2020: last year €22.78 billion worth of European CLOs priced, while in March and April 2021, managers brought €21.48 billion to market

Global CLO league tables - April 2021 YTD
Global CLO league tables - April 2021 YTD

LP round up: $3.2 billion flows to 21 managers as private credit illiquidity premium holds firm
Investors allocated at least $3.2 billion to credit managers in April - and direct lending funds were in favour with Churchill and Ares being awarded two mandates