Landmark new CLOs from Barings and Oak Hill pull triple A spreads to 175bp
Barings and Oak Hill Advisors priced new CLOs on Wednesday, securing the tightest triple A debt spreads since June last year in the process

US CLO pipeline: busy January sets the tone for the year
US CLO new issuance in January has exceeded 2022’s volumes with $6.4 billion priced last month compared to $4.6 billion last year, and the market is showing no signs of slowing down

Beneath the triple C: Stormy October hits CLOs with rising tide of downgrades
After a slight respite in the pace of downgrades over the summer for CLOs, October brought renewed momentum as macro-economic pressures - primarily high interest rate burdens for corporate borrowers and supply side inflation - became the recurring rationale

CLOs at a glance (November 2022)
A listing of CLOs that have priced in the last month

CLOs can weather a short recession, but maybe not a long one, conference hears
The US economy is likely to enter a recession in the first half of 2023, attendees at IMN's ABS East conference heard on Tuesday. While the severity of the downturn is unknown despite the Federal Reserve aiming for a 'soft landing', CLOs are well positioned to weather the storm - as long as the recession is contained in a relatively short period

Triple As come at 199bp for Barings CLO
Barings priced a new CLO on Tuesday with a triple A spread of 199 basis points over Sofr

New Barings CLO scores first sub-200bp triple A print since July
Barings broke the US CLO market's issuance drought on Thursday, pricing the first primary transaction of the week and scoring the tightest debt execution since July in the process

US CLO pipeline: Dispersion comes to fore, while Capital Four goes static
The CLO market is heating up once again after the summer lull and pricing has tightened, with at least three US CLO managers looking to match or even best Palmer Square Capital Management’s triple A print of 200 basis points

US CLO pipeline: What takes your fancy? Three years, four years or the full five, we’ve got it all
If you’re looking to invest in a reinvesting CLO, then you have your choice of length as the US CLO pipeline begins to fill with five more forthcomings join four holdovers

CLOs at a glance (August 2022)
A listing of CLOs that have priced in the last month

Barings explains decision to drop 'fat triple B' from new CLO
Barings has responded to market talk the firm dropped an initial plan to structure a US CLO with a ‘fat triple B tranche’ by saying it "achieved the most economically advantageous and efficiently marketable structure"

Barings prints 1.5-year non-call CLO with mezz and junior notes not offered
Barings priced a new CLO on Friday while an affiliate held the bottom half of the capital stack from single A down

Global CLO league tables - June 2022 YTD
Global CLO league tables - June YTD

CLOs at a glance (July 2022)
A listing of CLOs that have priced in the last month
 
 

   

Barings scores tight debt execution on latest new CLO
Barings priced a new CLO on Tuesday, achieving the third tightest liability pricing for a five-year reinvestment US CLO this month

Global CLO league tables - May 2022 YTD
Global CLO league tables - May YTD

Global CLO league tables - March 2022 YTD
Global CLO league tables - March YTD

Three US CLOs join growing list of deals to default
Another three US CLOs have the ignominy of having their tranches downgraded to D, taking the total list of 2.0 CLOs to default to eight. Before August 2021, 2.0 CLOs had a clean record according to S&P ratings 

Barings places CLO triple As at 138bp in latest new CLO
Barings priced its latest new CLO on Friday, scoring a 138 basis point print on its floating rate triple A notes

Global CLO league tables - February 2022 YTD
Global CLO league tables - Feb YTD

CLOs at a glance
A listing of CLOs that have priced in the last month

Global CLO league tables - January 2022 YTD
Global CLO league tables - Jan YTD

CLOs at a glance (February 2022)
A listing of CLOs that have priced in the last month

CLOs at a glance (January 2022)
A listing of CLOs that have priced in the last month

Barings prices short-dated reset of 2016 CLO
Barings priced a reset of Barings 2016-II last night, according to market sources, and opted for a short-dated 2.1 year reinvestment period