CLO pipeline: deal flow picks up as Amherst and SocGen work on mandates
This week’s CLO pipeline looks very healthy in the US broadly syndicated loans CLO market with Amherst Pierpont and Societe Generale among the firms working on mandates

Euro CLO b-wic round-up: secondary volumes increase amid demand for short-dated paper
Last week saw over €230 million of European CLO items listed on the secondary market, matching the almost €1 billion seen in refinancing volume.

CLO pipeline: new business and manager returns add ray of light as arbitrage clouds the picture
The near-term CLO pipeline is shrinking amid familiar cries that the equity arbitrage is challenging. Adding to constraint fundamentals, the usual summer torpor is also approaching.

Euro CLO round-up: after three-year hiatus, two Apollo/Redding Ridge CLOs come along at once
The Japanese bid for CLO triple A notes is taking a break for at least a few weeks, according to market sources, effectively removing a key contributor to the benchmark levels set this year. 

Euro CLO round-up: benchmark ruffles up, but junior tranches sit tight
CLO triple A benchmark levels underwent a shake-up last week as Credit Suisse Asset Management and HPS Investment Partners brought deals to the market with first-pay tranches printing above the recent benchmark of 108.5 basis points

Global b-wic round-up: Short-dated CLO paper hits the market
Last week brought over $800 million of b-wics listed in the US CLO secondary market for the first time this month, with around 10% being paper that had a reinvestment period that ended in 2019.

Global b-wic round-up: US CLO equity continues its surge
Last week marked the third straight week that the US CLO secondary market has seen total listings of under $600 million, but over a quarter of that was equity.

Managers slide down term curve
PGIM and Voya were among managers issuing short dated deals in the first quarter. These CLOs, along with a surge in b-wics, kept up the supply of short dated paper as refinancings fell away

CLO pipeline: refinancings to make a comeback
CLO refinancings look set to continue their recent surge in the US CLO market, with another five refinancings and two resets appearing in the pipeline.

Global b-wic round-up: secondary flows drop to $599 million in the US
Secondary CLO trading took a back-seat last week, with European market participants away Monday and the US focused on 10 primary market pricings 

Global b-wic round-up: focus shifts to the wings of the capital structure
The secondary US CLO market looks to be rebounding after a slow end to the first quarter of 2019 with first-loss and first-pays drumming up attention

Loan trading round-up: CLO managers fall out of love with First Data
An analysis of loan trading among CLO managers in February shows that First Data is falling down the pecking order with managers selling $182 million of the company's loans

CLO pipeline: managers seek to return as others arrive, after testing Q1
With the first quarter of 2019 now in the books, the CLO market looks to be continuing where it left off.

Euro CLO league tables: no arb, no refis, no debuts - but healthy new issuance
New issues have dominated the European CLO market so far this year, representing 89.19% of total first quarter issuance

CLO pipeline: managers decide there's no point hanging about with quick-fire CLOs
The CLO pipeline for the coming week shows signs of decent flow as managers ready themselves to offload deals. 

Global CLO b-wic round-up: Europe and US an ocean apart as flows reverse
Last week saw €102.35 million of European CLOs listed on the secondary market, only the second instance of 2019 with over €100 million of items put up for auction, but the US CLO b-wic market closed a strong month with a down week.

Euro CLO round-up: a tale of two extremes
It as the longest (dated) of CLOs, it was the shortest-dated of CLOs

CLO pipeline: manager sets sail for primary market after three-year absence
Even though at least five US CLOs hit the market last week, the CLO pipeline still looks strong, especially in the US new CLO space

Global CLO round-up: 15 months to one month - managers set their own pace
Three new US CLOs priced this week courtesy of; Seix Advisors, via BNP Paribas; Kayne Anderson, via Goldman Sachs; and Steele Creek, via RBC. In Europe, Oaktree Capital Management paired with Barclays to price Arbour CLO VI.

CLO pipeline preview: Waterville fills the pipe as Par Four surfs high triple-C wave
At least seven CLO managers chose last week to launch their first deals of the year, with the market still set to absorb a robust level of issuance in the pipeline

Global CLO b-wic round-up: fixed tranches make their way into European secondary
Last week brought the first instance of fixed coupon tranches trading in the European CLO secondary market this year, according to CLO-i. 

Euro CLO round-up: managers make equity work with innovative structures
Equity arbitrage has been under pressure but managers are braving the market and getting creative with deals to make deal economics work

CLO pipeline preview: resets and refis set to make a comeback
Despite a slow build up, the pipeline offers respite with many deals lined up to come to market

Euro CLO round-up: Spire and CVC take roads less travelled
The European CLO market was reinvigorated this week as the two deals which priced brought something fresh to the table.

Euro CLO round-up: five deals hit pipeline after BlueMountain keeps up momentum
BlueMountain Fuji CLO Management ended its seven-month absence from the new issue European CLO market and also broke the market’s silence this week. The firm partnered with Deutsche Bank to price its fourth deal in Europe - BlueMountain Fuji Euro CLO IV.