Demand for European loan format notes increases as Onex prices latest CLO
Consolidating its busy year, Onex Capital Partners has followed up its EUR 351.6m August CLO issuance with another transaction on Friday, arranged by BNP Paribas

Barings makes it two European CLOs this year
Barings priced its second European CLO of the year last week and its fifth overall of 2023 in a EUR 400.5m transaction

European triple As go back to 170bps for new Partners Group CLO
Partners Group has priced a new European CLO arranged by Morgan Stanley, with Mizuho acting as co-placement agent

JP Morgan makes it eleven for Palmer Square
Hot on the heels of its fourth European CLO pricing earlier in October, Palmer Square priced its fifth European CLO of 2023 on the last day of the month

Axa ups the tempo for second European CLO reset this year
Europe saw its second CLO reset of the year last week as the 2022 vintage Adagio X was reset by Barclays

European secondary activity quieter as CLO spreads widen further
Activity in the secondary market was quieter for a second week, especially with half-term holidays in the UK, according to market sources

Permira returns with second European CLO this year
Permira Credit has priced its second new European CLO this year in a deal arranged by Jefferies 

Ares turbocharges European CLO
Jefferies arranged a new European CLO on Thursday featuring a turbo feature for the class F notes

Polls close tomorrow for the Creditflux CLO Census 2023
With two days of voting left the seventh instalment of Creditflux’s CLO Census is already the biggest ever with 397 participants

3Q23 YTD CLO rankings
Our latest set of CLO issuance rankings for 2023 showcase the most active CLO arrangers, lawyers and trustees over a challenging nine months

3Q23 manager rankings by AUM
Carlyle Group is now the largest CLO manager in the world, according to the latest update to our rankings of the CLO manager universe published today

Allen & Overy and Shearman & Sterling partners affirm merger
The partnership will help both firms expand internationally while changing the legal landscape

Structured finance secondary market quiets down as volatility intensifies
Secondary market activity in European structured finance was subdued this week, in the wake of further market volatility sparked by the Israel-Hamas war

Man GLG returns to Europe with short-dated CLO
Man Group has returned to the European CLO market with the pricing of its first new deal since 2020 

ELFA starts drive for consistent climate reporting in CLOs
The European Leveraged Finance Association (ELFA) has published a new report on CLO carbon and climate disclosures

Hedge fund profit-taking prompts ABS sales as spreads soften in deteriorating macro conditions
More European ABS and CLO BWICs were on offer this week, as some hedge funds are selling their positions with a view to take early profits before the market widens further.  

HSBC takes co-placement role on new Blackstone deal
HSBC took a co-placement agent role on the latest Blackstone European CLO, arranged by Morgan Stanley

BNP Paribas arranges new European CLO with split single Bs
CVC Credit Partners joined the rush of European issuance this week, pricing its fifth new European CLO of 2023

Palmer Square makes it four in Europe this year
Palmer Square has priced a new European CLO arranged by Barclays

European CLO reset market opens for business
The first European CLO reset of the year happened this week in a EUR 400m transaction arranged by Deutsche Bank 

Invesco adds third European CLO this year to its tally
Invesco Euro CLO XI DAC was arranged by Goldman Sachs in a EUR 400m transaction

News in brief
News in brief

CLOs at a glance
Recent CLO pricings

ABS spreads hold up in spite of September issuance deluge, while CLOs soften
Trading activity in European ABS has slowed down, as the market absorbs one of the busiest months for issuance for years