Nochu returns to CLO new issues after two-year break
Norinchukin Bank made its long-awaited return to the CLO primary market last month, investing in US CLO triple A notes once more

Nochu again: Japanese bank makes tentative return to CLO primary investing
Norinchukin, the world’s largest holder of CLO notes, made a tentative return to primary investing last month

Israeli fund looks beyond carry to discounted CLO double Bs
A CLO fund set up in Israel a year ago is looking to unlock value in double B-rated tranches and is finding opportunities in the primary market where junior CLO tranches are regularly pricing at a discount

Goldman prints infrastructure debt-backed CLO for London and Seoul-based firms
Goldman Sachs has issued a $233.3 million CLO designed to finance infrastructure projects. The deal, named Sequoia Infrastructure Funding I, names London-based Sequoia Investment Management Company as investment advisor and Seoul-headquarterd Shinhan Alternative Investment Management as collateral manager

Correction: JP Morgan shifts bulk of CLO portfolio to held to maturity
JP Morgan has shifted two thirds of its CLO portfolio to the 'held to maturity' part of its balance sheet, posting $31.15 billion worth of CLO holdings on 30 September of which $20.95 billion were held to maturity

CLO and loan trading head moves to development finance job
Mediobanca's loan and CLO trading head has moved to CDC Group, a development finance business owned by the UK government

Big US banks pull back from CLO primary market to preserve cash
CLO triple As have tightened substantially in recent weeks to tights of 155 basis points in the primary market - but sources say the big US banks that typcially invest in these bonds are not buying

Creditflux unveils newsletter platform
Creditflux is today unveiling an online newsletter platform, which recreates our print magazine in a digital, user-friendly format.

Last chance to get Crediflux newsletter delivered to your door
The last few weeks have affected the way everyone goes about their daily routine. To make things slightly easier for our readership, we can send the April Creditflux newsletter to subscribers' home addresses - simply fill out the form

Creditflux newsletter delivered to your door
The last few weeks have affected the way everyone goes about their daily routine. To make things slightly easier for our readership, subcribers can receive the April Creditflux newsletter at their home addresses

Back from the dead: CLO risk retention resurfaces in the US
Risk retention is making an unexpected comeback in the US CLO market as more managers look to structure their deals to comply with European risk retention regulations

Big firms better prepped for Libor change and less operationally exposed, survey finds
The largest financial organisations are further ahead with their Libor transition efforts, and are likelier to move into 2020 with 'greater confidence' than small and mid-size firms, according to a market survey

Norinchukin's CLO portfolio decreases for first time in years
Japanese CLO heavyweight Norinchukin posted its financial statements yesterday, where it reported a 1.42% drop from its statements at the end of the second quarter

CLOs' risk to Japanese banks 'subdued' despite ratings and mark-to-market risk, says Bank of Japan
The risk to Japanese banks posed by their investments in CLOs is ‘subdued’, according to the Bank of Japan Financial System Report

Carlyle CLO warehouse investment results in 26.7% return for South Korean firm
A CLO warehouse investment in a transaction managed by Carlyle Group has generated a $1.3 million return for Seoul-based Tiger Alternative Investors, according to a report in The Korea Economic Daily

Japan Post Bank's CLO book grows fastest of top five buyers
Japan Post Bank continues its march toward the top tier of CLO investors, with the bank registering JPY 1.32 trillion (around $12.24 billion) of CLOs on its balance sheet as of 30 June, according to its latest financial statements

Bank of Japan keeps rates in check to keep CLOs within reach
The US Federal Reserve’s pivot toward a more dovish monetary policy has buttressed the symbiotic relationship between Japanese investors and US CLO managers

Abu Dhabi fund eyes CLO tranche investments
Having gained exposure to the CLO market via its seed investment in New York-based AGL Credit Management, the Abu Dhabi Investment Authority (ADIA) is looking to double up by also investing in CLO tranches.

Florida-based manager revives plan for rare emerging markets CBO
RVX Asset Management has launched an unusual securitisation backed by emerging markets debt, according to market sources

US and European investors score new allocations to triple A CLOs as managers 'de-Nochu'
US and European investors in triple A-rated CLOs are in good spirits as the world’s largest buyer of these notes pulls back from investing

CLOs are 11% of Nochu's assets as bank posts JPY 7.4 trillion investments
Norinchukin bought another JPY 600 billion ($4.77 billion) CLOs in the first quarter, taking its total investments in the asset class to JPY 7.4 trillion ($66.8 billion), according to the bank’s latest financial statements

Japan Post Bank's CLO investments grow another 17.13% in first quarter
Japan Post Bank added another 17.13% to its CLO investments in the first three months of 2019, taking its total holdings to JPY 1.18 trillion ($10.63 billion)

Mizuho looks to make return to CLO management
Mizuho is shaking up its credit business in Europe and is pushing into CLOs as both manager and arranger, according to several sources

Japan regulation affords CLOs breathing room
Japan’s regulators have avoided disruption of the global CLO market by softening the impact of their risk retention rules that came into effect in March