Neuberger markets third ESG European CLO
Neuberger Berman is expected to price the deal in the week commencing 31 January

CLO investor cash balances at lowest levels since 2009: JP Morgan research
A survey conducted by JP Morgan has suggested that CLO investors' cash balances are at their lowest levels since 2009 - but most managers want to add risk in the coming months 

Euro CLO league tables: Upstarts Jefferies and Palmer Square fall just short of market leaders
ABC as easy as 1, 2, 3: Apollo leads new issuance as Barclays and CVC emerge as overall leaders, despite the efforts of newcomers Jefferies and Palmer Square. The European CLO market had a record year in 2021 as overall issuance fell just €3.2 billion short of €100 billion, more than double the previous record set in 2017 of €45.7 billion and a 325% increase on the coronavirus-impacted market in 2020

Global 2021 CLO league tables
Global 2021 CLO league tables

CLO 2022 Outlook: 2021 is hard act to follow, but CLO buyers have positives aplenty
New CLO issuance in 2022 will remain elevated but below 2021’s record numbers, banks agree. But there is no consensus among strategy desks on the volume of repricings to come, partly due to the unknown impact of the Sofr transition.   

Brace yourselves for increasing ESG basis in credit
One of the safest bets in credit for 2022 is that ESG focus will intensify, with market participants anticipating a surge of green bond issuance as well as widening spread dispersion between climate leaders and underperformers

Tight Oaktree CLO underlines 21% widening in Euro triple As this year
Oaktree Capital Management has priced its second European CLO of 2021 in a deal that highlights how far senior CLO spreads have drifted this year

Euro CLO league tables: Record new issuance month as CVC and Barclays jump back to top
November set yet another record for the European CLO market as managers priced €6.3 billion of new paper, the most in a month in the 2.0 era

Global CLO league tables - Nov 2021 YTD
Global CLO league tables - Nov 2021 YTD

CLO lower cap stack will outperform with $175bn new issuance in 2022: JP Morgan
Equity and lower rated tranche investors will do best as $175 billion of global new CLO issuance arrives in 2022, predict JP Morgan strategists in their annual outlook, taking market size to $1.2 trillion

Partners becomes first manager to refi rather than reset 2020 European CLO
JP Morgan won the mandate to refinance Penta CLO 8, which cuts the deal's cost of debt by 34.6 basis points

It's All Relative: CQS, Capital Four and Tikehau look for CLO breakthrough as debutant premiums drop
The number of US CLO issuers in 2021 could be about to reach 106 with Capital Four, CQS and Tikehau looking to price debut deals, with price talk set at ambitious levels

CLO issuance set for big slump as managers relax on Sofr: JP Morgan
CLO new issue supply will likely decline sharply from this month to next, with the rush to complete deals ahead of the transition to Sofr base rates having added to November's historical heavy weighting over December, say JP Morgan structured credit strategists

Redding Ridge jumps to third spot as it resets 2020 European CLO
JP Morgan reset and upsized Redding Ridge's European CLO, RRE 5

These CLO docs could be better
It seems there’s not much to worry about if you’re in the CLO market. In Creditflux’s CLO Census, voters said docs should follow a template as Jefferies, AGL and Hayfin emerge as rising stars

CLO Census results: Citi and JP Morgan still top in US but Jefferies breaks through in Europe
Citi and JP Morgan are the clear favourites in US CLO arranging – the pair are locked in a close battle for supremacy over deal volumes and they have been voted joint-best at US CLO execution, according to the results of Creditflux’s CLO Census

Napier Park features highest 2021 triple A par sub in new European CLO
Napier Park has opted for a high par subordination on Henley CLO VI's triple As

Palmer Square's Euro CLO AUM rockets to €1.8 billion in just 14 months
Palmer Square Capital Management has kept strong momentum with its European CLO ambitions after pricing its second European static CLO of the year on Friday via JP Morgan

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

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

CVC takes top spot for 2021 Euro CLO issuance after latest reset
CVC Credit Partners has climbed into top spot for 2021 European CLO volumes as it closes in on €4 billion (€3.98 billion) issuance with the reset of its 2017 vintage deal yesterday

Global CLO league tables - Jul 2021 YTD
Global CLO league tables - Jul 2021 YTD

Palmer Square ramps up Euro static CLO business with third new issue
Palmer Square Capital Management has settled down quickly in Europe with the Kansas-headquartered manager transferring its static CLO model to the continent for the third time since it debuted in August

CLO pipeline: four US and two European managers prepare first 2021 CLOs
The CLO market is set to carry on roaring with the pipeline as full as ever despite the summer slowdown just around the corner  

CLO managers embed new EU sustainable disclosure language in docs after investor push
Bridgepoint, CSAM and Pinebridge are among managers to include language related to the EU’s Sustainable Finance Disclosure Regulation, following a push from CLO investor Lupus alpha