Neuberger Berman restarts post-Barcelona Euro activity with new issue
The manager returned to European primary market issuance for the first time in 14 months with its latest print this week

Apollo’s Redding Ridge equals current Euro tights with new-issue CLO
The deal matched market benchmarks for the triple A and double A tranches

Spire adds to market’s run of Euro issuance with second new CLO for 2025
The deal saw its triple As clear at Euribor plus 135bps, just outside the current market tight

CVC matches current Euro tight with latest new issue
The deal, which priced its senior triple As at Euribor plus 133bps, increased the manager’s total European issuance for 2025 to just under EUR 2.76bn

Sound Point upsizes latest new Euro CLO
The deal matched the current market triple A tight for European new issues, at Euribor plus 133bps

Euro CLO spreads tighten as Onex prices latest new issue
The CLO was the tightest to price in Europe since the resumption of issuance three weeks ago, both for triple As and the mezz

Five Arrows tightens up mezz with 2019-vintage Euro CLO reset
The third European reset of the year for Five Arrows Managers saw the triple-As price at 133bps over the base rate  

CIC Private Debt prices inaugural CLO to become a new manager in Europe
French firm CIC Private Debt has become a CLO manager in Europe with its first deal that cleared with relatively tight triple-A spreads

New York Life prices its sixth US BSL CLO of year
The latest new issue US BSL CLO from NYL Investors priced with triple-A coupons priced at SOFR plus 133bps, in keeping with recent tights

CVC resets older Euro CLO deal with smaller equity infusion than guidance
CVC has priced a reset of a 2016-vintage European CLO that made significant changes to the capital structure including an equity injection

Capital Four resets short-dated CLO from 2022
Capital Four has reset its European broadly syndicated deal Capital Four CLO IV, achieveing some of tightest senior spreads this year

Hayfin prices short-dated reset of European CLO
A reset of Hayfin Emerald CLO X came with a twist – a short-dated, two-year reinvestment schedule

Oaktree keeps it short-dated for European 2022 vintage reset
Oaktree’s third deal of 2024 – the manager’s first European offering since September last year – priced on Thursday as an unusual short-dated reset

Tightest European new issue CLO this year prices
European new issue spreads for 2024 nudged down to a new benchmark on Tuesday, with the triple-As hitting 147bps

Price talk revealed on M&G's comeback European CLO
M&G appears to be feline well as its comeback CLO takes shape. Bank of America is serving as lead arranger on M&G's deal, named Margay CLO I

AlbaCore and Anchorage market European CLOs
AlbaCore Capital and Anchorage Group are the latest managers to brave the new issue European CLO market amid market volatility

Beneath the triple C: Life could be better, but it’s just a letter, under the CCC
Many market participants were eagerly looking forward to a break in December after a gruelling year, but the rating agencies were in no mood to oblige. 

CLO rankings: manager AUM, advisory firm and trustees Q3 2022
After a frenzy of acquisitions reshaped the manager assets-under-management tables in the first half of the year, challenging market conditions have slowed the pace of both acquisitions and pricings

Euro CLO triple As reach year's widest disclosed levels at 220bp
European CLO triple As have reached the widest disclosed levels of 2022 at 220 basis points over Euribor amid market volatility 

Beneath the triple C: CLOs take first knock since covid scrapes
CLO managers have been hit by a number of loan downgrades to triple C for the first time since the wave of pandemic-related cuts trickled to a halt in early 2021. Companies indirectly linked to the health sector suffered most in May 

LCH extends credit index option product to buy side
BNP Paribas and JP Morgan are the first banks to offer client clearing of credit index options through LCH CDSClear

Europe outpaces US as investors scramble to cover their shorts
Lifting of short positions has helped take European credit into a second successive day of outperformance against the US, with financial companies and some of the more recently volatile high yield names leading the way

Credit Fundraising: September breaks 2021 record and poses question - is it sustainable?
The third quarter ended with $36.5 billion being raised in credit last month, doubling July and August figures. Several of the new funds have embedded Sustainable Finance Disclosure Regulation or ESG criteria at the heart of their investment thesis   

Global CLO trading lab: Seasoned equity prices lag as debt spreads level out
The CLO secondary market took a back seat to the surging primary market in August and September with secondary US CLO volume accounting for just 3.7% and 4.2% of the total US CLO market (primary and secondary volumes). But opportunities are there in CLO equity tranches

Global CLO league tables - Aug 2021 YTD
Global CLO league tables - Aug 2021 YTD