Global CLO league tables - October 2020 YTD
Global CLO league tables - October 2020 YTD

Managers brave covid-hit sectors to drum up returns
Price dislocations among companies operating in industries affected by covid-19 mean they may offer some of the best opportunities for CLO managers and CSO investors — and sources say that neglecting these sectors could hurt performance

CLOs at a glance
A listing of CLOs that have priced in the last month

Bridgepoint closes in on CLO debut after wrapping up EQT deal
Europe’s CLO market looks set to welcome its fifth debut manager in 2020

CLO pipeline: deal flow slows ahead of US election
Only two forthcoming new issue US CLOs have been added to the pipeline this week as the election slowdown hits credit markets. This comes after eight new issue US CLOs and five European CLOs have priced over the last ten days during the pre-election rush

Hayfin pairs with Goldman for second European CLO in four months
Hayfin Capital Management has priced its latest European CLO, Hayfin Emerald CLO V, via Goldman Sachs. The €345.6 million transaction comes just three months after the pair worked together to print Hayfin Emerald CLO IV

Voya prints ESG European CLO via JP Morgan
Voya Investment Management has priced an environmentally, social and governance-compliant European CLO named Voya European CLO IV

Sound Point grows reinvestment period with second European CLO of 2020
Citi has teamed up with Sound Point Capital Management to price a €340.2 million deal named Sound Point European CLO IV

Credit Suisse registers €1 billion euro CLO issuance in October as Partners prices
October European CLO issuance stands at just over €2.7 billion, the largest monthly volume since the March sell-off

Sculptor returns to European CLO market after 14-month absence
Sculptor has priced its first European CLO of the year via Barclays. The deal brings CLO issuance in October so far to a strong €2.4 billion and year-to-date issuance to just over €17 billion

CLO pipeline: fixed income giants plan debut 2.0s with Morgan Stanley
Two large fixed income managers are pre-marketing debut 2.0 CLOs

Napier Park completes second euro CLO post-covid
Napier Park Global has priced its second European CLO post-covid, teaming up with BNP Paribas to issue the €353 million Henley CLO III on Wednesday

Hayfin readies second new European CLO with Goldman Sachs in three months
Hayfin Capital Management is preparing to price its second CLO via Goldman Sachs in the space of three months

Euro CLO round-up: fluctuating spreads give mixed signals
Last week was one of the European CLO market’s busiest since the coronavirus crisis began, as four managers brought new deals to market – adding €1.35 billion

Euro CLO primary mezz snaps wider but senior holds firm as Ares and PGIM print
Fears around a second wave of coronavirus pandemic have pushed European mezzanine spreads wider since September, with new CLOs from PGIM and Ares Management underlining this shift

CLO pipeline: three behemoths prepare for quick-turnaround new issues
CLO managers have printed at a frenetic pace since the start of the quarter with $3.36 billion of issuance across all CLO markets and pricing types

Four-year CLOs return to Europe as CBAM makes breakthrough
Citi returns to the European CLO market after a six month hiatus, while CBAM delivers Europe's first four-year CLO post covid

European CLO leverage battered

CLOs at a glance
A listing of CLOs that have priced in the last month

Investcorp completes second largest European CLO since March sell-off
Investcorp has upsized its latest European CLO since marketing, with the manager pricing a €419.6 million transaction

Redding Ridge prints third European CLO since March sell-off
Redding Ridge Asset Management has priced its latest European CLO named RRE 5

CLO pipeline: primary tightening opens door for CLO managers to print new issues
The CLO primary market is hitting a fast pace as it enters the last quarter of 2020. Last week brought a surge of new issuance as 11 US, two European and one mid market CLO manager priced their latest transactions

Ares markets first European CLO of 2020
Ares Management is set to price its first European CLO of 2020 later this month, after an 11-month hiatus from the market

Barings prints largest post-covid European CLO via Natixis
Barings priced the largest European post-covid CLO on Friday in a €452.8 million transaction named Barings Euro CLO 2020-1

PGIM embarks on European CLO comeback with first deal since early March
PGIM is set to price its first post-covid European CLO as the manager markets Dryden 79 with triple A notes within range of a deal which it priced in early March