Investors remain cautious as European CLO and ABS markets rebound after April’s tariff tantrum
Spreads in both primary and secondary markets have all but retraced to the tights seen earlier this year, even as tariff uncertainty remains – but investors remain wary of further volatility

US CLO primary roundup - 14 October 2024
Another exceptionally busy for days for the US CLO market saw a wave of resets and refis, but Elmwood made sure its new CLO counted by making it a billion dollar deal

US CLO primary roundup - 4 October 2024
Yesterday's deals included a notable new issue from GoldenTree that priced with triple-As at 133bps, the first deal to break through the 135bps floor set almost three months ago

US CLO primary roundup - 2 October 2024
The end of the third quarter provided no relief for overworked CLO bankers, with at least four US deals pricing yesterday

European CLO primary roundup - 2 October 2024
Just one European CLO was added to the tally yesterday - a reset of a Voya deal from 2018  

CLO round-up: CLO market sees slight pressure to widen new issue spreads
CLO market saw robust deal activity with some pressure on liability spreads last week

CLO round-up: Wild week leaves CLOs in a better place
Last week saw spiking volatility, the collapse of the yen carry trade and shelved loan repricings. For CLOs, however, it was business as usual with the market musing that the gyrations may have left the CLOs better off.

European CLO round-up: senior spreads grind tighter in busy week for the market
Last week proved a busy one for European issuance, with no fewer than five deals pricing, all with AAAs below 150bps

CLO round-up: March 2024
March was another busy month for the CLO market, with eighty deals pricing. That total includes ten new European deals as that side of the market finally kicked into gear.

CLOs round-up: Jan 2024 - back with a bang
Our roundup of CLO primary activity in January shows that the market got off to a dramatic start in January, especially in the US BSL space

CLO market round-up: 27 Nov - 1 Dec
After a busy Thanksgiving week, CLO pricing activity was substantially quieter last week, with only a handful of deals in the market.

CLO market round-up: 20 - 24 Nov 2023
Thanksgiving or not, last week was a banner week for middle market CLO deals, with no fewer than five pricing

CLO market round-up: 13 - 17 Nov 2023
Who said it was a slow market in Europe? Pricing action in the primary European CLO market put paid to that notion over the past week with a trio of European deals pricing, including two debuts.

CLO round-up: blinded by the tights
Secondary CLO spreads continued to grind tighter this week and, at last, the primary market began to follow in both the US and Europe

CLO round-up: sentiment improves as multiple breakthrough transactions emerge
New CLO formation slowed this week in the US, while Europe had its second zero-issuance week of the quarter. But there were three major developments: the first CLO refi in15 months, a major investor's first entry into a CLO at the reset stage, and the first middle market CLO arranged by Goldman Sachs.

Mid market league tables: Golub and Natixis team up to lead in issuance as HPS debuts
Five mid market CLO managers priced in May for a combined $2 billion monthly issuance. This marked the fourth straight month when mid market volumes crossed $2 billion

US CLO league tables: Palmer Square back on top as BofA marches on
Palmer Square Capital Management retook the lead of the US CLO manager league tables for the first time since January

Euro CLO league tables: Two debut managers enter the fray as BofA opens up lead
For only the second time this year, European CLO monthly volumes passed €2 billion last month. Six European CLO managers priced in May, including two debut managers - M&G Investment Management and Signal Capital Partners. 

Global CLO league tables - May 2023 YTD
Global CLO league tables - May 2023 YTD

Mid market CLO league tables: AB crosses $1 billion and Natixis $2 billion to lead the way
Mid market CLO issuance in April was down for the second straight month with $2.15 billion pricing, compared to $3 billion in March and $3.5 billion in February

Euro CLO league tables: New faces at the top after a first post-pricing upsize
Only three deals priced in Europe in April for a total of €1.2 billion but even in a quiet month, the European CLO market offered something new

US CLO league tables: CVC team with BofA to grab lead
$5.4 billion of US CLO new issues priced last month, which marked the 11^th straight month with no forms of refinancing pricing

Global CLO league tables - April 2023 YTD
Global CLO league tables - April 2023 YTD

US CLO league tables: BofA takes CLO lead as new issues keep calm and carry on
US CLO issuance dropped last month as the banking crisis gripped financial markets when Silicon Valley Bank and Signature Bank failed and troubled Credit Suisse was sold for below market value

Mid market CLO league tables: Serial winners Natixis and Golub return to the top
For the second straight month, there was over $3 billion of mid market CLO issuance in March