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

Woah, we’re halfway there
Judging by the 2020 vintage, European CLO overlap is 50%. But varied approaches to holding bonds and the many loans managers turn down mean there are ways for issuers to outperform

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.

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