Euro CLO league tables: out with the old, in with the new as Jefferies leads way
Despite being a newcomer to the European CLO market this year, Jefferies has taken the market by storm and leads the way in overall European CLO issuance

Global CLO league tables - May 2021 YTD
Global CLO league tables - May 2021 YTD

No labels mean CLO triple As refuse to budge as mezz rallies
Senior European CLO spreads are stuck in the mid 80s as mezzanine tranches rally, with market participants bemoaning the lack of depth in the triple A investor base relative to ABS products

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

Carlyle opts for partial refi of 2017 Euro CLO
JP Morgan arranged Carlyle's €234.4 million refinancing of the CLO’s triple A tranche

Bain passes €1 billion mark for Euro CLO 2021 volume with new issue
-Bain Capital Credit has taken its 2021 European CLO volume to over €1 billion in pricing its latest new issue, Bain Capital Euro CLO 2021-1

CVC pairs with Goldman to market Euro CLO refi
CVC is pairing with Goldman Sachs to refinance a 2017 European CLO, in a deal that will merge some of the original asset classes

BlackRock adds to Euro CLO deal size with reset
BlackRock has reset a 2017 vintage CLO, increasing the deal size slightly and offering a higher return on the lower part of the capital structure

Partners prints five-year European CLO with ESG-scored deal
Partners becomes second European CLO manager to breakthrough the five year reinvestment period

CLO pipeline: queue gets longer as Blackstone goes again and Sancus makes first move
The queue to price for US CLO managers is only getting larger with 18 new issue CLOs in the pipeline, according to market sources, along with 18 repricings and two new issue European CLOs and two mid market CLO resets

ICG resets 2017 Euro CLO with triple As at 89bp
Intermediate Capital Group has paired with Goldman Sachs to reset its 2017 European CLO, St Paul’s CLO VII, taking the manager’s 2021 volume over the €1 billion mark

Oaktree and Guggenheim price near identical European CLO resets
Oaktree and Guggenheim became the latest managers to reset European CLOs, adding a further €698.3 million to 2021 volume

Fair Oaks saves nearly 100bp on 2020 reset as single Bs edge tighter
Fair Oaks has reset a 2020 European CLO with tight single Bs but triple As leaking wider

European CLO triple As leak wider as BlueBay resets 2020 deal
European CLO triple As have leaked out further with BlueBay's reset printing at 87bp, as sources indicate anchor triple A investors are sitting on the sidelines

European senior mezz hits tights as CVC resets CLO
CVC Credit has reset its 2017 European CLO CVC Cordatus Loan Fund VIII, with the deal highlighting tightening of spreads in upper mezzanine tranches

Spire European CLO features Euribor caps and tight single As
Euribor caps have made a comeback in European CLOs with Spire Partners' new deal, Aurium CLO VIII, the latest to feature such a tranche

CLO pipeline: Five out, five in as market digests new issuance wave
Five new issue US CLOs priced from last week’s pipeline, but five more have replaced them in this week's edition of our pipeline report

Sticky European CLO triple As refuse to budge but mezz comes in as Redding Ridge resets
BNP Paribas arranged the €461.3 million transaction, which cuts the deal’s financing costs by around 38 basis points

Napier Park slashes Euro CLO costs on post-covid deal reset
Napier Park has cut over 90 basis points off the cost of CLO financing on a post-covid deal, Henley CLO II

Refi triple As widen as ICG prices partial European CLO refi
Intermediate Capital Group has refinanced the triple A notes on its 2014 European CLO, St Paul’s CLO X, with spreads wide of 2021 averages

Global CLO pricing lab: investors get over fatigue and embrace reset roll over
The demand for CLOs is showing no signs of slowing down after the market had experienced some fatigue at the end of the first quarter and into the second. In the last two weeks, there have been 47 CLO transactions across all forms of pricing in the three markets; led by 18 US CLO new issues

CLO pipeline: new issue becomes name of game with 14 managers preparing to price
Only $3.2 billion of CLO paper priced globally across all forms of pricings this past week. But the market looks to set to explode back into life with 14 US CLO new issues in the pipeline

Euro CLO league tables: cramming a year's worth of work in two months
It is no surprise the European CLO market has been experiencing fatigue at times this year with the last two months of issuance alone almost equalling issuance figures for the whole of 2020: last year €22.78 billion worth of European CLOs priced, while in March and April 2021, managers brought €21.48 billion to market

Global CLO league tables - April 2021 YTD
Global CLO league tables - April 2021 YTD

Nochu stays on sidelines but hope lingers for return
Reports in the mainstream media last month suggested Japanese heavyweight CLO investor Norinchukin Bank was looking at deals in the market ahead of a return to CLO investments.