Euro CLO 2021 issuance exceeds €90 billion as CVC takes top spot with reset
The reset of CVC Cordatus Loan Fund XVIII also brings CVC’s volume this year past €5 billion and takes the manager into top spot for overall issuance

Palmer Square propels Euro CLO AUM to €2.5 billion in just over a year
2020 debutant Palmer Square has priced its sixth European CLO - and has partnered for the first time with Goldman Sachs (JP Morgan arranged the manager's five other deals)

It's All Relative: CQS, Capital Four and Tikehau look for CLO breakthrough as debutant premiums drop
The number of US CLO issuers in 2021 could be about to reach 106 with Capital Four, CQS and Tikehau looking to price debut deals, with price talk set at ambitious levels

2020 debutant Bridgepoint brings CLO AUM to €1 billion with third new issue
Bridgepoint Capital priced its third ever European CLO on Wednesday, bringing the firm’s CLO assets under management to over €1 billion in just 12 months

Tikehau markets first European CLO new issue since PM change
The deal includes ESG scores on all credits, 'full ESG exclusion policy' and language related to the Sustainable Financial Disclosure Regulations

CLO issuance set for big slump as managers relax on Sofr: JP Morgan
CLO new issue supply will likely decline sharply from this month to next, with the rush to complete deals ahead of the transition to Sofr base rates having added to November's historical heavy weighting over December, say JP Morgan structured credit strategists

Ares prints first European CLO new issue this year
Ares Management has returned to the European CLO new issue market for the first time in just over a year

Redding Ridge jumps to third spot as it resets 2020 European CLO
JP Morgan reset and upsized Redding Ridge's European CLO, RRE 5

Nassau debuts in CLO management with Nassau Euro CLO I
Nassau Corporate Credit has become Europe’s latest debut CLO manager, pricing Nassau Euro CLO I via Barclays Friday afternoon

Apollo breaks into CLO co-placement agent role on first Euro third-party deal
Apollo has typically served as co-placement on its own Redding Ridge European CLOs, but on Thursday was co-placement agent on a HPS European CLO new issue

Investcorp reworks 2020 European CLO via BNP Paribas
BNP Paribas arranged the €443 million transaction, which cuts the CLO’s cost of debt by over 18 basis points to 190.3bp

Fidelity breaks through with Article 8-aligned European CLO
Fidelity International has paired with Barclays on its first new issue European CLO since lifting out and onboarding MeDirect’s leveraged loan and CLO team

The only way is up: single A investor expresses rates view through BlackRock Euro CLO
BlackRock has printed its second European new issue CLO of 2021, BlackRock European CLO XII, achieving triple A tights in the process

Euro CLO league tables: Jefferies nips ahead of Barclays as overall leader
The European CLO market has added laurels to a record-breaking year with one of the highest issuance months for new paper.

Global CLO league tables - Oct 2021 YTD
Global CLO league tables - Oct 2021 YTD

Rockford Tower prints second new issue European CLO of 2021
Morgan Stanley arranged the €409.2 million deal, named Rockford Tower Europe CLO 2021-2

Natwest partners with GreensLedge for second European CLO arranging role this year
GreensLedge and Natwest have teamed up for what will be their second European CLO arranging role in 2021

Sound Point upsizes and prints 5yr Euro CLO with triple As at 96bp
Sound Point Capital Management has priced its latest European CLO new issue, upsizing the deal by €100 million since marketing. Barclays arranged the €505.4 million deal,

Sofr transition timing puts CLO debt and equity at odds, says BNP Paribas
CLO investors look to have tough conversations ahead on the structure implications of the transition from Libor to Sofr, with BNP Paribas strategists noting CLO debt will benefit from an early move while equity tranches would do better to wait

CLOs at a glance (November 2021)
A listing of CLOs that have priced in the last month

Market seeks new ways to find talent after hectic year
There are growing calls for more people to work in the CLO industry after a record-shattering 2021, with 999 CLO transactions having priced globally worth $447.17 billion, as Creditflux goes to press

Sinking Euribor floor brings CLO relative value into play
The collapse in the value of the Euribor floor over recent weeks, which reflects inflationary pressures, may lead to global CLO investors favouring US CLO paper on a relative value basis

Euro CLO triple As to tighten as new investors enter
CLO market participants anticipate European CLO triple As will grind tighter over the coming weeks as new buyers gobble up paper.

BNP Paribas AM cuts CLO tranche costs throughout structure with refi
=BNP Paribas Asset Management has refinanced a 2019 Euro CLO, arranged via its banking arm, with tightening across all tranches

ICG resets European CLO for third time
Intermediate Capital Group has reset a 2013 European CLO transaction, having initially reset it in 2017, reissued in 2018 and reset the deal in 2018