Global 2020 CLO league tables
Global 2020 CLO league tables 

UBP holds €110 million first close on real estate debt fund
Union Bancaire Privée has held a €110 million first close of its latest private debt strategy, UBP Private Debt Fund III

Single name shorters get improved entry point after conviction test
Returning market optimism has taken credit spreads back to ultra-tight levels. But for bears, this posits a better entry level for short trades, and the recent blow-out may have given strong pointers where to target them

European credit takes lockdown restrictions in its stride as indices tighten
European credit spreads have held firm this morning despite the re-emergence of lockdown measures with the UK government announcing on Saturday that new restrictions will come into play on 5 November

CLO pipeline: fixed income giants plan debut 2.0s with Morgan Stanley
Two large fixed income managers are pre-marketing debut 2.0 CLOs

Global CLO b-wic round-up: CLO mezz tranches widen amid macro concerns
Last week was busy for the primary European CLO market but not for secondary, with €1.35 billion of new issue European CLOs priced across four transactions but just €190 million of European CLO paper listed in b-wics

CLO pipeline: three behemoths prepare for quick-turnaround new issues
CLO managers have printed at a frenetic pace since the start of the quarter with $3.36 billion of issuance across all CLO markets and pricing types

Sovereign wealth funds empower direct lenders
Sovereign wealth funds are turning toward the booming private credit market, with three massive partnerships formed this year

ESG index roll creates long and short opportunities
The first roll of a CDS index screening for environmental, social and governance criteria has opened a less-watched relative value opportunity for investors

Redding Ridge prints third European CLO since March sell-off
Redding Ridge Asset Management has priced its latest European CLO named RRE 5

CLO pipeline: primary tightening opens door for CLO managers to print new issues
The CLO primary market is hitting a fast pace as it enters the last quarter of 2020. Last week brought a surge of new issuance as 11 US, two European and one mid market CLO manager priced their latest transactions

CLO pipeline: managers prepare to end quarter with a bang
CLO issuance is showing no signs of slowing down as spreads continue to grind tighter and election day draws ever closer

Global CLO b-wic round-up: CLO lower mezz tightens while equity investors strive for duration
A large supply of CLO paper flooded the secondary market last week as $1.5 billion of US CLO bonds and €370 million of European CLOs were listed, according to CLO-i

Euro CLO league tables: Deer Park takes GSO to top and gets Deutsche off the mark
For the second time in as many months a new name sits at the top of the European rankings as GSO Capital Partners takes the throne

Global CLO league tables - August 2020 YTD
Global CLO league tables - August 2020 YTD

CLO pipeline: a marathon for some, a sprint for others
Following a week in which there were three US CLO refinancings, one new issue CLO and one upsizing, three more US CLO managers are marketing latest new issue CLOs after varying times away

Euro CLO league tables: Apollo blasts its way to top spot
July marked the largest month of European CLO issuance since coronavirus pandemic-induced volatility hit financial markets

Global CLO league tables - July 2020 YTD
Global CLO league tables - July 2020 YTD

Redding Ridge back as top CLO issuer post sell-off with new US and EU deals
Redding Ridge Asset Management has shot back to become the largest CLO issuer by volume since the sell off in March after printing a new issue apiece in the US and Europe, according to market sources

AlbaCore becomes third manager to debut in euro CLOs in 2020
AlbaCore Capital has joined the ranks of CLO managers after pricing its first-time transaction named AlbaCore Euro CLO I

Matalan heads deep into distress
Matalan, the UK retailer, is heading deep into distressed territory with its five-year CDS surging wider today

Fortunes diverge for widest retailers as Crossover passes 500bp
CDS referencing Hema and Matalan, two of the riskiest constituents of iTraxx Crossover, have moved sharply in different directions amid a broad sell-off of Europe credit that takes the index back above 500bp

Extreme gap opens for basis traders as relief packages cause distortion
Evidence abounds for how government and central bank interventions in the coronavirus crisis are distorting credit markets, but one clear signal is the flip-around of the basis between corporate bonds and CDS in recent days

Matalan default risk jumps as market mood dampens
UK retailer Matalan is a big decliner today in bonds and CDS, as positive sentiment ebbs from the credit market after the recent strong rally

Former BofA CLO trading head lands at Swiss wealth manager after fundraise
Bank of America’s former European CLO trading head has landed at Swiss asset manager ISP Group