Leaked EU draft proposal would turn CLOs into public securitisations
EXCLUSIVE: The European Union is contemplating shifting CLOs into public securitisations from private ones as part its overhaul of the securitisation market

AXA resets 2022 European CLO second time
The EUR 321.66m repricing included a substantial equity upsizing

Euro tightening trend reinforced as Apollo sees new post-tariff mezz lows
The manager's fourth new European issue of the year issued at market tights for the double A and triple B paper

Muzinich launches new European CLO platform with Eagle Point as strategic partner
The boutique US CLO manager plans to build a European platform that will support "a strong, multi-year pipeline of European CLO issuance"

Anchorage prints first new Euro CLO in 12 months
Spreads for the manager’s latest deal priced wide of those for Ares’ new CLO, which also priced Wednesday

Ares hits post-tariff mezz tights with new Euro issue
The manager's second new Euro CLO of 2025 reinforced the tightening trend seen in recent weeks

European market gears up for fresh issuance wave with building pipeline
ANALYSIS: The pipeline includes up to 20 deals, building on a stream of increased issuance and tightening spreads following the market’s April hiatus

Credit markets have become more stable and behave differently – KKR’s Eddie O’Neill
PODCAST: The co-head of global liquid credit at KKR sees opportunities and reasons for optimism after the recent market upheaval, especially in Europe and Asia in the latest "Credit Exchange with Lisa Lee" podcast

KKR sees funding costs widen with reset of ultra-tight Euro deal
Triple As priced at Euribor plus 138bps in the latest reset

Sound Point markets new Euro CLO with tightening mezz spreads
The manager is marketing is second new European deal for the year, with spreads showing a notable narrowing trend in the double As and double Bs

Blackstone makes it a Euro trifecta for May with latest reset
The manager’s reworking of its Wilton Park CLO showcased the market’s trend toward tightening in the lower mezz

Swiss investment manager LGT launches new European CLO platform
The alternative investments management arm of the LGT Group has unveiled a new CLO business, the latest addition to the European CLO management space  

Euro CLO spreads tighten as Onex prices latest new issue
The CLO was the tightest to price in Europe since the resumption of issuance three weeks ago, both for triple As and the mezz

Permira issues its first Euro deal of 2025
The offering follows the London-based manager’s second US CLO last month

CVC prices first sub-140 reset in Europe since Trump tariffs
CVC Cordatus Loan Fund XXVII CLO priced in line with investor guidance published last week

Securitisation regulators in EU urged to change direction
Panelists at the Creditflux CLO Symposium issue a call for a forward-looking, principles-based approach

Managers predict opportunities after Trump storm
Global financial markets in April went on one of the wildest rides in history over the past few weeks. But while markets have now calmed, caution remains

European CLO market hit hard by change to interpretation of risk retention vehicle wording
The European CLO market was rocked by a double whammy at the beginning of April,. as alongside the Trump tariff volatility, European regulators issued new risk retention guidance that sowed confusion and contributed to a chilling effect on primary activity

‘CLO spreads widened alongside all other spread markets’
Investor's Corner with Edwin Wilches, Co-head of PGIM Fixed Income’s securitised products

Tariffs will push up default rates for several years, say agencies and managers
After an uptick in leveraged loan defaults culled weaker credits in 2024, many expected default rates to fall in 2025. But the uncertainty stemming from the Trump administration’s tariffs means those assumptions are now under threat

News in brief
Blackstone plays offense amid volatility

CLOs at a glance – April 2025
Our list of recent CLO pricings globally

Blackstone prices second new European issue after market pause
Tully Park CLO priced with the tightest triple As for a Euro deal since dealmaking resumed at the end of April

PGIM issues new European CLO via HSBC
The deal is the manager's second new European print of 2025, and its third Euro transaction for the year to date