Five Arrows and Cross Ocean print Euro CLOs with triple As at 200bp
Five Arrows Managers and Cross Ocean both priced European CLO triple As at 200 basis points over Euribor - one has a 4.5-year and the other a one-year reinvestment period 

Europe welcomes four new CLOs in a day after nothing for one month
No issuance to speak of in a month, and then four CLOs come along at once 

UniCredit wraps up three synthetic securitisations with EIB backing
UniCredit says it has produced three synthetic securitisations which will free ithe bank up to lend over €5 billion to small and mid-sized enterprises in Italy, Germany and Bulgaria.

Euro CLO league tables: Goldman Sachs, Fidelity and Tikehau enter fray as Jefferies extends lead
Four European CLO managers braved the market in August to price a new issues, the same number as August 2021

Global CLO league tables - August 2022 YTD
Global CLO league tables - August YTD

Widening asset/liability gulf will hurt CLOs: Barclays
A mismatch between CLO asset / liability rate risk is increasing in the US as more leveraged loan issuers opt for one-month pay frequency, Barclays credit strategists have found

Emerald mezz magic brings Euro CLO market tighter
The European CLO market has found a better footing on the yellow brick road as Hayfin Capital Management brought spreads tighter on Friday with its new issue, Hayfin Emerald CLO X

Fidelity becomes latest manager to price Euro CLO with delayed draw single B
Fidelity International has become the latest European CLO manager to issue a delayed draw single B tranche as part of its new issue

Short duration CLOs are putting reset risk in the post: Barclays
The CLO market’s recent trend of shorter duration issuance could be setting up a problem for managers down the line that will impact their equity returns, Barclays has warned

Convertibles head for recovery after six months stuck in gridlock
Having suffered their worst first half on record, convertible bonds are due better performance if only on mean reversion

Bain Euro CLO details emerge with delayed draw single B
Pricing details have emerged on a Bain European CLO the manager priced last Thursday

CLO arrangers take down triple As to get European deals completed
European CLO arrangers are taking down large chunks of triple A paper to get deals over the line amid market volatility, according to market sources. Others, meanwhile, have committed to investing in triple As to secure future mandates

CLOs at a glance (August 2022)
A listing of CLOs that have priced in the last month

Euro risk retention becomes must-have feature for US CLOs
For the past four years, risk retention-compliant US CLOs have been viewed as a luxury. But today issuers see a clear advantage to putting skin in the game

Past returns: Absolutely floorless CLOs
Five years ago in Creditflux we reported on the emergence of European CLO tranches without Euribor floors

Tikehau adds to triple-A discovery with first European CLO of year
Tikehau Capital on Tuesday night priced its first European CLO transaction of the year, via BNP Paribas

CVC issues print-and-sprint Euro CLO as Goldman marks comeback
Goldman Sachs returned to European CLO arranging duties last week as CVC Credit Partners priced a print-and-sprint deal

CSAM prints first European CLO in 12 months
Credit Suisse Asset Management has become the latest manager to navigate through challenging market conditions to price a European CLO

Alcentra prints European CLO with triple A coupon at 212bp
Alcentra’s Jubilee 2022-XXVI is the fifth European CLO to price in July, taking the month up to €1.89 billion. That is dwarfed by the 11 European CLOs that priced with a combined €4.78 billion in July 2021

Alecta "closes the circle" as it invests with PGGM in Nordea SRT
Joint venture partners Alecta and PGGM Investments have printed a €2.5 billion significiant risk transfer with Nordea in what marks the first Simple, Transparent and Standardised-compliant SRT to reference pan-Nordic assets

Blackstone prints Euro CLO triple As at tight 170bp
Blackstone priced its latest European CLO yesterday with triple As pricing at least 50bp tighter than current market levels

Impact investor earns $146 million from US body for second CLO
An impact investment firm owned by M&G is poised to launch its second CLO, according to filings seen by Creditflux

Euro CLO triple As rise above 210bp as Anchorage prices with highest par sub
The deal also features the largest triple A par subordination 

Standard Chartered prints landmark SRT in Asia
Standard Chartered has issued a ground-breaking SRT by partnering with investors PGGM and Alecta. The transaction "enables Standard Chartered to be the first bank to benefit from capital relief in Hong Kong" 

SRT market keeps pumping deals as Greek and German banks free up capital
Dealflow in significant risk transfers is picking up, with a €2.7 billion Greek mortgage and SME lending deal and a €2.1 billion German corporate loan transaction printing in recent days