European CLO issuance begins to re-emerge as Blackstone and PGIM ready deals
Following two new-issue Euro deals on Wednesday, the pipeline is beginning to rebuild with more set to price next week

DWS axes Euro CLO management plans due to market volatility, shift in focus to private credit
The move comes amidst the departure of its head of European alternative credit, Dan Robinson

European new issues re-start as HPS prices EUR 407m CLO
The deal – the first new European deal in almost four weeks – priced its triple As at Euribor plus 140bps

Euro CLOs' largest single B- credits have little direct tariff exposure but face varying indirect pressures – S&P Global
The wave of global tariffs will have little direct impact on the top 'B-' European CLO holdings, but these credits remain vulnerable to secondary effects, according to research from S&P Global

Tariff fallout sees Euro CLOs discounted most heavily amongst Euro securitised assets – Morgan Stanley
The report from Morgan Stanley Research noted that the market remains in price discovery mode, triple A opportunities in secondary 

Danske Bank Asset Management announces new fund investing in IG CLO tranches
The fund, which will invest in both US and European CLOs, will be overseen by the firm’s Chief Portfolio Manager Jacob Toft Hansen

HPS prepping to issue a European CLO, the first for the market in three weeks
EXCLUSIVE: The manager is looking to price a new European CLO via Jefferies next week, with expectations of wider spreads than before the April volatility 

CLO market turns to print-and-sprint deals as volatility spikes
EXCLUSIVE: Napier Park, TP Birch Grove, and BlackRock attempt print-and-sprint deals as the maths gets tougher; AGL and Blackstone pull off deals

Siepe hires two from US Bank to boost CLO, private credit tools
The software and technology service provider for CLO and private credit managers is expanding its team

US CLO managers and investors turn away from Europe after risk retention changes
EXCLUSIVE: The reassessment is the latest consequence of the new European Supervisory Authorities’ revised guidance on risk retention

European CLO market value metrics slip as Trump tariffs roil leveraged loans – Deutsche Bank
CLO market value metrics declined as leveraged loan prices dropped; CLO credit metrics were a different story

Managers predict increased government spending should boost CLO returns in Europe
After two months of record issuance and tightening spreads to start the year, the picture for credit markets shifted markedly in March. But alongside the ramp-up in volatility, investors are growing increasingly positive about Europe

News in brief
CLO ETF outflows are ‘manageable’

Regulators seek to calm European CLO market shaken by new risk retention guidelines
The European Supervisory Authorities have since issued clarification to allow deals that priced prior to 31 March to be grandfathered in under the previous interpretation

CLOs at a glance – March 2025
Our list of recent CLO pricings globally

Latham & Watkins hires two marquee structured finance lawyers
The law firm has recruited A&O Shearman veterans Franz Ranero and James Smallwood    

Wild volatility drives spike in secondary market activity, as primary market hits the brakes in Europe
EU ABS weekly digest: primary ABS and CLO markets hit the brakes, while the secondary markets saw a flurry of BWICs hit the screens in Europe

Trump's tariff U-turn sparks cautious tightening in secondary
ANALYSIS: European CLO market saw little forced selling, more BWIC activity with some percentage of DNTs

CLO market stabilises after Trump’s tariff reversal
ANALYSIS:Investor sentiment has moderated after the US president backed down on tariffs, but the full effects will take a few days to emerge

Ares pulls reset of new Euro CLO amidst market volatility fallout
Expected to price last week, the deal was withdrawn, as overall CLO market activity slows in the wake of tariff-induced upheavals

BWICs dominate CLO, ABS secondary activity as primary quietens
EXCLUSIVE: A flurry of BWICs hit screens this week, offering both CLOs and ABS, though some did not trade in Europe

Fair Oaks adds US dollar-hedged share class to Euro CLO ETF
Trading began on Monday, with a denomination size of USD 10

Sculptor reset marks year's first short-dated European CLO
The transaction was the first repricing of the 2018-vintage deal

Trinitas prices new Euro issue with triple As at 124
The new issue priced on Monday, with deal activity expected to slow imminently