Neuberger markets third ESG European CLO
Neuberger Berman is expected to price the deal in the week commencing 31 January

Barings and BNP Paribas team up for first European CLO reset of year
BNP Paribas has reset Barings Euro CLO 2015-1 with all tranches (bar the double Bs) pricing roughly in line with December resets.

GLG and Citi kick off Europe's CLO market in 2022 with partial refi
Man GLG has kicked off the European CLO market in 2022 with a partial refi of its 2020 short-dated deal, Man GLG Euro CLO VI

Euro CLO league tables: Upstarts Jefferies and Palmer Square fall just short of market leaders
ABC as easy as 1, 2, 3: Apollo leads new issuance as Barclays and CVC emerge as overall leaders, despite the efforts of newcomers Jefferies and Palmer Square. The European CLO market had a record year in 2021 as overall issuance fell just €3.2 billion short of €100 billion, more than double the previous record set in 2017 of €45.7 billion and a 325% increase on the coronavirus-impacted market in 2020

Global 2021 CLO league tables
Global 2021 CLO league tables

"Some observers believe Europe’s opportunity in private debt lies at the lower end of the middle market"
European private debt has lagged its counterpart in the US. But a growth spurt may not be far off

ESG template fires up hopes of CSO issuance
2021 may not have been a year of big volume in the synthetic bespoke market, but primary business is back, and decisive inroads into environmental, social and governance (ESG)-focused issuance bode well for 2022

Investors fear CLOs running into overtime with WAL extensions
CLO investors have sharpened their focus on weighted average life (WAL) test and maturity extensions, with one US investor believing many are taking on more duration risk than they realise

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

Brace yourself for tiers, tightening and titanic CLO issuance
The European CLO market has shattered post-global financial crisis new issuance records in 2021 with €38.4 billion pricing, as Creditflux goes to press. But 2022 could prove even more abundant

They said it: "The tone may have been too positive"
CLO market participants have been guilty of being overly bullish

First Euro CRE CLO points to likely growth market
CRE CLOs have been identified as a likely growth market in Europe following the successful pricing of the first transaction on the continent, according to sources

CLO extremes will do well in '22 but mezz needs caution: BNP Paribas
The extreme parts of CLOs' capital structures will offer best value in 2022, but investors should be cautious on mezzanine tranches and consider hedges, say BNP Paribas strategists

PGIM expands all debt classes with Euro CLO reset
PGIM has reset a European CLO it signed late last year, greatly increasing the size of the deal in the process

Lev loan index rule change proposed to meet Sofr switch
Leveraged loan index stakeholders are being asked for feedback on a proposal that would allow the inclusion of loans linked to Sofr and scrap a minimum spread rule

Firm claims to cut loan settlement times with blockchain based securitisation
Cadeia, a German technology firm, claims to have undertaken the first ever fully blockchain based corporate loan securitisation transaction

Muzinich adds UK and Ireland institutional sales head
Muzinich & Co has hired a head institutional sales for the UK and Ireland

AlbaCore raises CLO head to partner in raft of promotions
AlbaCore Capital Group has promoted its top CLO specialist to partner and portfolio manager

Three managers think alike with refis of two-year European CLOs
Three European CLO managers hit the primary market on Friday to print two-year refinancings. This deal profile has been popular of late with seven such deals pricing in little over a month

Tight Oaktree CLO underlines 21% widening in Euro triple As this year
Oaktree Capital Management has priced its second European CLO of 2021 in a deal that highlights how far senior CLO spreads have drifted this year

Euro CLO league tables: Record new issuance month as CVC and Barclays jump back to top
November set yet another record for the European CLO market as managers priced €6.3 billion of new paper, the most in a month in the 2.0 era

Global CLO league tables - Nov 2021 YTD
Global CLO league tables - Nov 2021 YTD

Cairn CLO becomes 30th 2020 Euro CLO to be reset
Bank of America arranged the €373 million transaction for Cairn, which cuts the CLO’s cost of debt by over 40 basis points 

Blackstone reaches €5bn Euro CLO 2021 volume with fourth new issue
Credit Suisse arranged the €404.2 million deal, named Cabinteely Park

Hayfin carves Emerald Euro CLO triple A tranches in two with capped note
The transaction takes Hayfin’s year-to-date Euro CLO volume to just over €3 billion