Mizuho looks to make return to CLO management
Mizuho is shaking up its credit business in Europe and is pushing into CLOs as both manager and arranger, according to several sources

Past Returns: Repacking in land of the rising sun
Five years ago in Creditflux, we reported that Bank of Tokyo Mitsubishi UFJ was embarking on a strategy of buying repackaged CLO triple A notes denominated in Japanese yen

Moving on from the late 2018 hangover
It might be too early to call a full recovery, but it’s fair to say that the US loan market is back on track with $48 billion of institutional issuance in 2019 — 88% of which is made up of new issues

PGIM markets new European CLO with Deutsche Bank
PGIM is back in the European CLO primary market after five months, with the manager marketing a new issue deal named Dryden 69 Euro CLO 2018

Short CLOs come to Europe as Onex markets first new issue since 2017
Short CLO paper is coming to Europe, as Onex Credit Partners is marketing a new deal via JP Morgan with just two years of reinvestment capability

Sound Point becomes first manager to market debut European CLO in 2019
Sound Point Capital Management is on track to become the first debut CLO manager in Europe this year, with the US company marketing its first transaction on the continent via Citi

CLO pipeline: managers decide there's no point hanging about with quick-fire CLOs
The CLO pipeline for the coming week shows signs of decent flow as managers ready themselves to offload deals. 

Global CLO b-wic round-up: Europe and US an ocean apart as flows reverse
Last week saw €102.35 million of European CLOs listed on the secondary market, only the second instance of 2019 with over €100 million of items put up for auction, but the US CLO b-wic market closed a strong month with a down week.

Euro CLO round-up: a tale of two extremes
It as the longest (dated) of CLOs, it was the shortest-dated of CLOs

Euro reissues make a comeback as Accunia reworks inaugural CLO
Accunia Fondsmæglerselskab has reissued its inaugural CLO, Accunia European CLO I

KKR prices Europe's most leveraged new issue 2.0 CLO
Leverage has steadily risen in the European CLO market – but today KKR Credit priced the most levered new issue deal on record

Alcentra and Barclays launch new euro CLO with longer call-lock
Alcentra is in the market for a new euro CLO, with Barclays arranging the transaction

CLO pipeline: manager sets sail for primary market after three-year absence
Even though at least five US CLOs hit the market last week, the CLO pipeline still looks strong, especially in the US new CLO space

Global CLO round-up: 15 months to one month - managers set their own pace
Three new US CLOs priced this week courtesy of; Seix Advisors, via BNP Paribas; Kayne Anderson, via Goldman Sachs; and Steele Creek, via RBC. In Europe, Oaktree Capital Management paired with Barclays to price Arbour CLO VI.

Oaktree scores tight execution on new Arbour CLO
CLO spreads in Europe showed signs of tightening today as Oaktree Capital Management priced its latest transaction’s triple As at 108.5 basis points over Euribor

KKR markets new European CLO with triple As subject
KKR Credit is looking to issue its first European CLO September

CLO pipeline preview: Waterville fills the pipe as Par Four surfs high triple-C wave
At least seven CLO managers chose last week to launch their first deals of the year, with the market still set to absorb a robust level of issuance in the pipeline

Global CLO b-wic round-up: fixed tranches make their way into European secondary
Last week brought the first instance of fixed coupon tranches trading in the European CLO secondary market this year, according to CLO-i. 

Euro CLO round-up: managers make equity work with innovative structures
Equity arbitrage has been under pressure but managers are braving the market and getting creative with deals to make deal economics work

CVC incorporates unfloored tranches in new European CLO
CVC Credit Partners split up its single A and triple B tranches to price Cordatus Loan Funding XIV on Friday

114bp is Europe's syndicated triple A benchmark as Pinebridge prices new CLO
114 basis points has been reinforced as the benchmark for syndicated CLO triple As in Europe with Pinebridge Investments becoming the fourth manager to issue at this level

Oaktree markets new issue European CLO via Barclays
Oaktree Capital Management is marketing a new issue European CLO named Arbour CLO VI

Hayfin adds step up notes to triple A tranche as it prices European CLO
London-based Hayfin showed creativity in selling its senior CLO notes on Emerald I, opting for Euribor caps. Again the firm has defied convention, this time by incorporating step-up notes

Accunia goes the short-dated route with upcoming European CLO reissue
Accunia has hired Citi to reissue its inaugural CLO from 2016, Accunia European CLO I

CVC markets second European CLO deal of the year with target pricing this week
CVC Credit Partners is setting up to be the first double issuer in Europe’s CLO market this year, following up its February reset with a new issue named CVC Cordatus Loan Funding XIV