EIB confirms investment in European mid market CLO
The European Investment Bank has confirmed it invested €61 million in Alhambra SME Funding 2019-1 – the first European 2.0 CLO backed by middle market loans

CLO pipeline: high triple C bucket opens a Gateway to pricing
In less than ideal market conditions, even experienced CLO managers are learning new tricks to keep the pipeline full. Of the 11 US new CLOs that appear in the pipeline this week, two are high triple C bucket transactions

Global CLO b-wic round-up: Junior mezz covers return while triple A supply drives big week
Narrowing of the bid-ask gap that has plagued junior mezzanine tranches could bring a change of fortunes in the US CLO secondary market 

Oak Hill prices first CLO transaction in Europe this year with refi
Oak Hill Advisors on Friday priced its first 2019 CLO transaction in Europe, teaming up with Morgan Stanley to refinance the triple A notes of Oak Hill European Partners V

SME CLOs arrive in Europe as Be-Spoke prices Spanish loan securitisation
Middle market CLOs have arrived in Europe after Be-Spoke Capital priced the continent’s first post-crisis SME loan securitisation

Guggenheim prices its second mid market CLO
Guggenheim Partners yesterday partnered with Barclays to issue its second US CLO of 2019, and its first of the year backed by loans to middle market companies

GSO adds turbo tranche feature to European CLO as part of reset
GSO Capital Partners has issued a novel single B-rated European CLO tranche that is designed to amortise quickly

Wings of the structure fly in opposite directions as Alcentra prices European CLO
Alcentra has priced its latest new issue CLO in Europe, and its second issue of 2019 on the continent

European CLO manager hires MUFG for first 'fully compliant' ESG CLO
A CLO issuer is looking to take ESG compliance in European CLOs to another level by pitching its upcoming CLO as the “first fully ESG compliant CLO”, according to marketing materials seen by Creditflux

Voya makes it four in a row with $603 million US new issue CLO
Voya Investment Management has notched up its fourth US CLO of 2019 to continue its remarkable record of producing a quartet of CLOs in calendar years

Be-Spoke one week away from pricing breakthrough SME CLO
Be-spoke Capital has moved a step closer to pricing its SME loan securitisation, with price talk emerging for the forthcoming Alhambra SME Funding 2019-1

PGIM becomes first CLO manager to price 12 transactions in 2019
PGIM has priced a €412.38 million new issue CLO via Citi named Dryden 73 Euro CLO 2018, becoming the first CLO manager to complete 12 transactions globally this year

Commerzbank markets new CLO with portfolio 93% ramped
Commerzbank is marketing its latest CLO offering named Bosphorus CLO V, according to market sources, with BNP Paribas arranging the deal

CLO pipeline: Sculptor begins to mould its first CBO
Silence! Artist at work: Sculptor has got its apron on and is shaping up to launch its first CBO

BlueBay set to join ranks of CLO managers after opening warehouse
BlueBay Asset Management is set to join the ranks of European CLO managers after opening its first warehouse with Credit Suisse

Global CLO b-wic round-up: volumes jump as investors get their triple A fix
The US CLO secondary market brought over $1.2 billion in total listings last week with the main driver behind last week’s supply being an increase in US CLO triple A bonds and an anchor equity position.

Junior spreads tighten as Rockford Tower prices new European CLO
Rockford Tower Capital Management, the CLO management arm of King Street Capital Management, yesterday priced a €408.48 million new issue CLO via Citi

Global CLO round-up: Europe mops up demand, as Euribor hits the floor
The final stretch of the year began with a bang, with the first week of Q4 bringing $3.3 billion of CLO issuance in the US and €1.2 billion in Europe. But the resurgence in volumes was not the only talking point last week, with Europe coming into focus as spreads surfed tighter

Global CLO b-wic round-up: control stake trades as junior notes come to the fore
The European and US CLO secondary markets produced high volumes of junior and subordinated notes last week. Over 30% of listings were rated as equity, single B or double B.

Anchorage prices triple As at 92bp in European CLO
Anchorage Capital Group has teamed up with Barclays once again in Europe to issue its latest CLO, known as Anchorage Capital Europe CLO 3

European CLO spreads reach new tights as BlackRock prices new issue
European CLOs reached new record tights yesterday as BlackRock and Credit Suisse priced the tightest new issue for over 12 months

Global CLO b-wic round-up: US and European double B trading patterns diverge
48% of the CLO secondary market was made up of triple A bonds; $255.6 million of US CLOs and €108.55 million of European CLOs. But there were differences in how CLO double Bs are trading in those markets.

Rockford Tower set to join group of ESG European CLO managers
Rockford Tower Capital Management is set to join the group of European managers to issue environmental, social and governance (ESG) complaint CLOs, according to market sources

18% of CLO managers priced their first deals post-January 2018, says Maples
Launching a new CLO management platform is ‘extremely difficult’ although the rewards appear to be worth the risks, according to new research from Maples Group

CLO pipeline: new kids in class look to excel on first assignments
The summer holiday is well and truly over with the European CLO market building on last week’s momentum as three new deals and one reset are to enter the primary market.