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.

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

Investcorp partially refis European CLO ahead of reinvestment end in June
Investcorp has partially refinanced the most senior tranche of a 2015 European CLO, Harvest XI

Sound Point resets inaugural European CLO with tight triple As
Sound Point Capital Management has reset its inaugural European CLO via Citi

NIBC takes ESG-scored European CLO tally to two with strong execution
NIBC has priced its latest ESG-branded European CLO, North Westerly VII

Mezz narrows as CVC prices tightest Euro CLO since February
CVC Credit Partners has priced its latest European CLO with the tightest funding costs since mid-February

Investcorp partially refis European CLO with four months reinvestment left
Investcorp has partially refinanced its 2014 European CLO, Harvest IX, which ends its reinvestment in August

CLO pipeline: and breathe... issuance splurge clears the backlog
Over 20 deals remain in the CLO pipeline, despite a glut of issuance last week in which 38 transactions priced, totalling $18.1 billion

Carlyle refinances 2014 European CLO
Carlyle Group has partially refinanced the senior most tranches of a 2014 European CLO, cutting the cost of debt by 17.41 basis points

CLO triple As leak wider but mezz comes in as Carlyle, PGIM and KKR price Euro new issues
CLO heavyweights Carlyle, KKR and PGIM all took to the primary market on Friday pricing a total of €1.22 billion issuance

Loan triple-A buyer adds option to convert, but keeps faith in CLOs
A CLO triple A investor has developed its CLO investment strategy by embedding an option that allows the bank to convert its CLO exposure from loan to note format

European CLO juniors tighten with Oaktree new issue
European CLO lower mezzanine spreads tightened to February levels with Oaktree Capital Management’s latest new issue

CLO pipeline: go long! new issues and resets push refis aside
The CLO market is ready to go beyond refinancings - after this year's opening blitz of those deals - into the longer tenored territory of resets and new issues

Fair Oaks, PineBridge and Sculptor rework €1 billion in Euro CLO resets
Fair Oaks Capital, PineBridge Investments and Sculptor Capital Management all took to the European CLO reset market on Wednesday, in transactions that amounted to over €1 billion

Carlyle senior credit investor joins fintech firm as CFO
An experienced credit investment professional at the Carlyle Group has moved to become chief financial officer at fintech company NoviCap

CSAM prints largest new issue Euro CLO since 2017
Credit Suisse Asset Management has priced the largest European new issue CLO since at least November 2017, according to Creditflux data

CLO pipeline: Deutsche Bank and Carlson hit comeback trail
The CLO market is preparing to be very active in the coming weeks, as the issuance slow-down is set to be in the rear view mirror

Permira fires starting gun on covid CLO resets as it cuts funding costs by over 50bp
Permira Debt Managers wastes no time resetting its post-covid European CLO transaction, which is scheduled to close on the CLO's original one-year non-call end date

Triple A loan tranches keep getting bigger as Axa IM resets European CLO
Axa Investment Managers has reset its 2015 vintage European CLO Adagio IV and has become the latest manager to feature a substantial loan tranche as part of the transaction

Travel company CDS soars wider as bond issue converts to concern
TUI, the Anglo-German travel operator, is under pressure in credit and equity markets just it has launched an offering of convertible bonds

Oak Hill refis European CLO triple As and double As a week apart
Oak Hill Advisors has partially refinanced a 2018 vintage CLO, Oak Hill European VII

CLO pipeline: European new issues set to resume but managers seek pricing stability
The CLO pipeline is heavy with reworked deals - and anticipation - as 14 US CLO and one European CLO refinancings feature, along with nine US CLO and six European CLO resets

Inflation fears add to allure of CLOs and keep fatigue at bay
CLO debt investors took a breather in late March, but sources indicate a busy second quarter is in store.

CLO managers eye bonds as short-dated loan universe shrinks
European CLO managers that focus on bonds say they had flexibility in the first quarter as the new issue loan pipeline ramped up