Credit breakdown as one-day volatility outstrips financial crisis
Credit default swap markets have surpassed the record one-day volatility of the global financial crisis, with indices surging to new wide prints as the spiralling impact of the coronavirus outbreak brings government lockdowns on travel while wreaking havoc on oil prices and supply chains

Global CLO round-up: welcome back, give us a (refi) wave
Tighter corporate credit spreads means new issue volumes are down, but it makes a decent entry point for new CLO managers to price deals and also makes refinancing CLOs imperative

Pacific AM prices first new US CLO in 18 months
Pacific Asset Management has sailed back into the CLO primary market with its first new issue deal since May 2018, becoming the first CLO manager to issue a five-year reinvestment CLO in 2020

Investcorp lines up new CLOs on both sides of the Atlantic
Investcorp Credit Management is gearing up to price new issue CLOs in both the US and Europe, according to market sources

Neuberger Berman splits new CLO tranche into principal and interest
Neuberger Berman has split its latest CLO's double A notes into principal and interest-only bonds, according to market sources, in a structure that echoes the ‘mascot’ features that rose to prominence in the CLO market this year

Carlyle matches 2018 US new issue CLO volume with fourth deal of 2019
Carlyle Group completed its fourth US new issue CLO offering of the year on Friday, according to market sources

Oak Hill takes Q4's US reset tally to three with $593 million CLO
Oak Hill Advisors has reset a 2015 vintage CLO for the second time, clocking just the third reset of a US CLO in the fourth quarter of 2019

GoldenTree prices new US CLO and capitalises on weaker market for junior CLO debt
GoldenTree Loan Management has priced its third new US CLO in 2019 in a transaction which appears ideally placed to capitalise on wider junior CLO spreads

Owl Rock gives two hoots after issuing second low-levered CLO
Owl Rock is sticking to its low-levered CLO strategy after pricing Owl Rock CLO II, backed by middle market loans, on Friday

CLO syndication head exits BNP Paribas
BNP Paribas' head of US CLO syndication has parted ways with the bank, according to market sources, ending an eight-year stay at the firm

BlueMountain prices first new issue US CLO for five months
BlueMountain Capital Management has priced its first new issue CLO since May, according to market source

TCW takes advantage of lower base rate to price new CLO
TCW's second new CLO of the year has made use of a rallying market since its last venture in February

Benefit Street prices $507.85 million US CLO
Benefit Street Partners priced its second new CLO of the year on Thursday, according to market sources

Invesco prices largest new CLO in three years
Invesco returned to the CLO primary market yesterday to issue its largest new money transaction in three years, according to market sources

New CLO manager Fort Washington markets debut transaction
Fort Washington Investment Advisors is marketing its first ever CLO, named Fort Washington CLO 2019-1

Palmer Square prices first five-year reinvestment CLO of the year
Palmer Square Capital Management on Friday priced its first market-standard new issue CLO of the year

Bain teams up with Goldman Sachs for second consecutive new CLO
Bain Capital Credit has priced its second consecutive new issue CLO with Goldman Sachs as arranger, according to market sources

Bain targets European investors with forthcoming US CLO
Bain Capital Credit is looking to price a new issue CLO via Goldman Sachs in the coming weeks, according to market sources

Aegon returns with new CLO pricing triple A tight of market
Aegon USA Investment Management has priced its second new issue CLO of 2019, known as Cedar Funding X CLO

US CLO round-up: summer blues don’t weigh on the issuance parade
Summer is shining on US CLOs as $3.8 billion worth of activity entered the market last week. The flow brought four new deals (including one middle market deal), one reset and two refinancings.

CIFC becomes second CLO manager to issue five new deals in 2019
CIFC Asset Management on Friday became only the second manager to price a fifth new US CLO of 2019, according to market sources

TICP prices $402.35 million CLO via Citi
TICP has priced its second new issue CLO of 2019 after teaming up with Citi, according to market sources

Global CLO round-up: it's time to rethink benchmarks
The CLO market broke out of holiday mode last week by presenting strong issuance on both sides of the Atlantic - $2.8 billion in the US and €1.6 billion in Europe. High volumes have brought with them bigger shifts in market dynamics. This week put the focus on tightening spreads, as benchmark triple A levels dipped.

Wellfleet teams up with Citi to issue $404 million CLO
Wellfleet Credit Partners has priced its latest CLO offering named Wellfleet CLO 2019-1, according to market sources

BlueMountain pushes tighter with fourth CLO of 2019
BlueMountain has issued its third new CLO of the year, its second new CLO in the US and fourth transaction for 2019 overall