Global CLO trading lab: Payments season prompts equity to surge but short-dated bonds trade low
Over the last two weeks, $2.8 billion of US CLOs and €640 million of European CLO paper have appeared on b-wics, with equity making up 33% and 40% of the respective markets

PGIM achieves tightest five-year CLO of 2022
PGIM on Thursday issued its first new CLO of the year, scoring the tightest liability pricing of any five-year reinvestment deal to date this year

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

PGIM switches 2019 CLO to Sofr with refi
PGIM has shifted the liability stack of its 2019 CLO named Dryden 80 to pay off Sofr by refinancing the deal on Friday

PGIM expands all debt classes with Euro CLO reset
PGIM has reset a European CLO it signed late last year, greatly increasing the size of the deal in the process

PGIM switches Euro CLO double A tranche from fixed to floating rate with refi
PGIM has refinanced three tranches – the triple As, one double A tranche and triple Bs - of its 2018 European CLO Dryden 66

Treasury desk lists $818 million b-wic as hedge fund looks to offload control CLO equity in bumper day
State Street once again listed over $800 million of US CLO triple A bonds on Tuesday, having sold $834 million of triple A paper last month

PGIM matches seven others with benchmark US CLO triple As at 113bp
PGIM has matched benchmark levels for new US CLO triple As, pricing the senior debt in Dryden 90 at Libor plus 113bp

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

PGIM drops fixed rate triple A tranche in reset
PGIM has paired with BNP Paribas to price the reset of its 2019 European CLO named Dryden 69

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

Global CLO trading lab: bank sells $834 million triple As in quarterly reallocation as hedge fund trades CLO equity
Thursday’s secondary CLO market was the busiest of 2021, with over $1 billion of US CLOs on offer. This featured an enormous b-wic worth $834.3 million, where sources have told Creditflux of the bank behind the aucton. While a large credit hedge fund is said to have sold out of control CLO equity 

BNP Paribas markets Partners European CLO new issue and PGIM reset
BNP Paribas is marketing a new issue European CLO managed by Partners Group and PGIM’s reset of its 2018 vintage deal Dryden 69, according to market sources

PGIM prints rare three-year reinvestment CLO via Barclays
PGIM teamed up with Barclays on Friday to print a rare three-year reinvestment CLO

US CLO pipeline: 1.0 manager returning, Carlyle going for CLO 10 as market goes to 100
Never in 1,000 years would the critics have expected this 

PGIM upsizes late 2020 CLO by over $50 million
PGIM has teamed up with BNP Paribas to reset its September 2020 CLO named Dryden 85, upsizing the deal by $51.6 million in the process

European CLO manager of the year PGIM strikes while the iron is hot as it markets new issue
One week after bringing home two prestigious awards at the Creditflux 2021 Manager Awards, PGIM is on the road marketing its latest new issue European CLO

CLO investor set for promotion as PGIM reveals leadership changes
PGIM has assigned additional responsibilities to three figures in its fixed income division as it revamps its leadership structure. As a result, well-known CLO tranche investor Edwin Wilches is set to become promoted to co-head of securitised products

US CLO pipeline: 33 new issues enter market with historic CLO records on the verge of shattering
The US CLO market is running as hot as it has all year with a whopping 33 managers marketing new issues CLOs, according to market sources

PGIM brings 2021 US CLO issuance to $1.8 billion after printing third new deal
PGIM issued its third new US CLO of the year on Thursday, bringing its 2021 issuance volumes up to $1.8 billion

CLO pipeline: Carlyle unstoppable as PGIM looks to tighten double As
The CLO machine is refusing to slowdown, churning out deals as the US market is set to welcome a flurry of deals in the coming weeks – with 18 new issues, 14 resets and 10 refinancings in the marketing stage.

Nuveen and SocGen pair for first time on new CLO with tight triple As
Nuveen priced its second new issue CLO of the year on Tuesday, via SocGen

PGIM becomes third CLO manager to print triple As at market tights
PGIM priced its latest new CLO on Thursday, becoming the third manager to place its triple A notes at the quarterly market tight of 112 basis points over Libor

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