Euro CLO IG mezz tranches look attractive amid cap stack divergence: Barclays
European CLO IG mezzanine debt tranches are more attractive than triple As or double Bs, say strategists at Barclays, owing to greater dispersion and a lag in recovery.

CLOs keep eyes glued to screen as Cineworld previews possible chapter 11
Cineworld, the UK-based cinema giant, has announced that a chapter 11 restructuring is among the options it is considering, in response to recent media speculation about a possible default

Widening asset/liability gulf will hurt CLOs: Barclays
A mismatch between CLO asset / liability rate risk is increasing in the US as more leveraged loan issuers opt for one-month pay frequency, Barclays credit strategists have found

Emerald mezz magic brings Euro CLO market tighter
The European CLO market has found a better footing on the yellow brick road as Hayfin Capital Management brought spreads tighter on Friday with its new issue, Hayfin Emerald CLO X

BNP Paribas splits European secondary ABS and CLO leadership as it hires from rival
BNP Paribas has hired an experienced ABS trader, while promoting its senior CLO trader to a leadership role 

Global captive CLO equity fund closes with $230 million
The fund will invest in majority equity positions of the manager's US and European CLOs

European CLOs embed anti-priming language in docs in "win for everyone"
European CLOs have begun to embed 'anti-priming language' in documentation, in what sources describe as a 'win for everyone', giving managers further flexibility in a restructuring and preventing CLOs from being squeezed out by other creditors

Fidelity becomes latest manager to price Euro CLO with delayed draw single B
Fidelity International has become the latest European CLO manager to issue a delayed draw single B tranche as part of its new issue

Euro CLO league tables: gear shift brings flurry of new issues before summer break
After a slow June, the European market picked up its pace in July with managers eager to price deals before the summer lull 

Global CLO league tables - July 2022 YTD
Global CLO league tables - July YTD

Short duration CLOs are putting reset risk in the post: Barclays
The CLO market’s recent trend of shorter duration issuance could be setting up a problem for managers down the line that will impact their equity returns, Barclays has warned

Bain Euro CLO details emerge with delayed draw single B
Pricing details have emerged on a Bain European CLO the manager priced last Thursday

CLO arrangers take down triple As to get European deals completed
European CLO arrangers are taking down large chunks of triple A paper to get deals over the line amid market volatility, according to market sources. Others, meanwhile, have committed to investing in triple As to secure future mandates

CLOs at a glance (August 2022)
A listing of CLOs that have priced in the last month

Euro risk retention becomes must-have feature for US CLOs
For the past four years, risk retention-compliant US CLOs have been viewed as a luxury. But today issuers see a clear advantage to putting skin in the game

Making the grade: CLO managers move into IG bonds
CLO managers have been using the incredible volatility in credit markets this year to add an unfamiliar asset to their portfolios – investment grade bonds

Tikehau adds to triple-A discovery with first European CLO of year
Tikehau Capital on Tuesday night priced its first European CLO transaction of the year, via BNP Paribas

CVC issues print-and-sprint Euro CLO as Goldman marks comeback
Goldman Sachs returned to European CLO arranging duties last week as CVC Credit Partners priced a print-and-sprint deal

CSAM prints first European CLO in 12 months
Credit Suisse Asset Management has become the latest manager to navigate through challenging market conditions to price a European CLO

Alcentra prints European CLO with triple A coupon at 212bp
Alcentra’s Jubilee 2022-XXVI is the fifth European CLO to price in July, taking the month up to €1.89 billion. That is dwarfed by the 11 European CLOs that priced with a combined €4.78 billion in July 2021

Bridgepoint becomes control equity investor in 2021 CLO after secondary trade
Bridgepoint says it bought an additional 30% equity stake in its third European CLO, Bridgepoint CLO 3, meaning the firm has a majority equity interest in the deal at 61%. The price suggests the CLO is performing well 

Bank's European structured credit syndication head leaves industry
A CLO syndication specialist, who used to be a CLO trader, has left his role as head of structured credit syndicate after 18 months in the job

Experienced European CLO banker tipped to join Mizuho
The former head of European CLOs at Natixis is set to return to the industry after five years 

Blackstone prints Euro CLO triple As at tight 170bp
Blackstone priced its latest European CLO yesterday with triple As pricing at least 50bp tighter than current market levels

Pemberton confirms four hires including one CLO official
Pemberton has revealed four new senior hires across Europe including one CLO official, who reunites with former Spire official Rob Reynolds