Isda extends deadline for derivatives benchmark consultation
The International Swaps and Derivatives Association has extended the fast-approaching deadline for its consultation on derivatives benchmark fallbacks, to allow more time for responses

Euro CLO league tables: issuance breaks full-year records
Europe’s CLO market entered unchartered territory last month as deal issuance levels smashed both annual and quarterly records

Global CLO league tables at a glance - September 2018
A snapshot of the overall league tables as of 30 September

Europe's CLO industry to welcome a new manager as King Street markets debut deal
Rockford Tower Capital Management is marketing its first ever European CLO

Finnish pension fund seeks portfolio administrator for illiquid investments
Finland's state pension fund is searching for a portfolio administrator to oversee its illiquid investments, which include private credit

Axiom puts tranches at core of push into synthetic credit
Axiom Alternative Investments is set to target both index and bespoke tranches with the launch of Axiom Synthetic Credit Opportunity Fund.

They said it: “I’ve run the numbers and it looks more like a 3% IRR”
A CLO modelling professional tells Creditflux that European CLO model portfolios don’t look realistic

Astaldi credit event question posed as its distress weighs on iTraxx Crossover
Astaldi, a constituent of iTraxx Crossover, has been referred to ISDA-hosted Credit Determinations Committees as a possible bankruptcy credit event – less than two weeks after the index rolled into a new series

Santander issues £1.1 billion SRT featuring UK project finance loans
Banco Santander has completed a £1.12 billion significant risk transfer through a transaction dubbed Fitzroy 2018-1 CLO

Investcorp issues €457.5 million CLO reset with triple As at 93.5bp
Investcorp priced its eighth CLO transaction of the year on Friday, resetting a 2016 deal that became callable in July

Global CLO round-up: US market has a fair-way to catch up to Europe
As the Ryder Cup drives a wedge between the US and Europe, managers putt their hopes in CLOs. But the European market is in the lead with three deals to one as Creditflux goes to press

GLG prices second new issue European CLO of 2018
GLG Partners is back in the CLO new issue market, according to sources

Full steam ahead: Italian railway workers' pension fund seeks private debt exposure
Eurofer, the €1 billion Italian pension fund, for railway workers, is seeking debt managers, with a focus on infrastructure, real estate or unlisted real estate companies.

39% of private debt investors are underweight, but they're looking for opportunities
485 Investors have come together to reveal their thoughts about allocation, in a survey conducted by London-based investment consultant bfinance

Harbert European Growth Fund flourishes with €215 million final close
London-based Harbert Management Corporation has held a final close for its second European Growth Capital Fund with €215 million in capital commitments

Spreads jump tighter again as KKR prices new European CLO
CLO triple A spreads in Europe have been inconsistent of late with recent deals pricing within a 10 basis point range. The latest CLO to be issued on the continent emerged late on Friday and its pricing is tight relative to market spreads

Global CLO league tables at a glance
A snapshot of the overall league tables as of 31 August

Crossover users face waking up to much tighter index amid credit selection rule change
September could bring the biggest conceptual repurposing of the iTraxx Crossover index since its series 22 expansion, with IHS Markit set to overhaul rules governing how constituent credits are selected

Rolling the dice on Turkey and Italy
Gambling specialists with operations around the Mediterranean are facing political risks and currency falls – but there are opportunities to hit the jackpot if investors play their cards right

Global CLO round-up: buttermilk-shakes things up as CLO spreads go everywhere
Ahead of the US Labor Day weekend, CLO issuers have been grafting away with $6.5 billion pricing across the US market through 11 deals

Global manager moves close to pricing fourth new issue CLO in as many weeks
Issuing CLOs is a walk in the park for one large manager, which is on track to achieve the unthinkable feat of pricing four new issue CLOs in just four weeks

Shetland Islands pension looks to terminate bonds and introduce direct lending
A UK pension fund is looking to terminate its bond mandate and introduce a 12.5% direct lending and 12.5% alternative funds asset allocation, according to board documentation seen by Creditflux

Barclays hires another senior EM trader as Turkey continues to roil markets
Barclays has made an experienced hire to its EM credit trading team in London

CLO round-up: reset triple As price apart on divergent portfolios
CLO spreads have been volatile of late with seemingly no consistency in triple A CLO prints from deal to deal. In a reset-heavy week, BlackRock and Marathon Asset Management were positioned at opposite ends of the spectrum

Alcentra plans its second European CLO transaction of the year
Alcentra is marketing its first European CLO reset of 2018, with price talk for the triple A notes ranging from 90 to 92 basis points