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

Euro reissues make a comeback as Accunia reworks inaugural CLO
Accunia Fondsmæglerselskab has reissued its inaugural CLO, Accunia European CLO I

KKR prices Europe's most leveraged new issue 2.0 CLO
Leverage has steadily risen in the European CLO market – but today KKR Credit priced the most levered new issue deal on record

Alcentra and Barclays launch new euro CLO with longer call-lock
Alcentra is in the market for a new euro CLO, with Barclays arranging the transaction

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.

Oaktree scores tight execution on new Arbour CLO
CLO spreads in Europe showed signs of tightening today as Oaktree Capital Management priced its latest transaction’s triple As at 108.5 basis points over Euribor

KKR markets new European CLO with triple As subject
KKR Credit is looking to issue its first European CLO September

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

CVC incorporates unfloored tranches in new European CLO
CVC Credit Partners split up its single A and triple B tranches to price Cordatus Loan Funding XIV on Friday

114bp is Europe's syndicated triple A benchmark as Pinebridge prices new CLO
114 basis points has been reinforced as the benchmark for syndicated CLO triple As in Europe with Pinebridge Investments becoming the fourth manager to issue at this level

Barings and Napier Park fight over Duchess VI incentive fee
Napier Park European Credit Opportunities Fund and Barings (UK) faced off in court this week over the payability of an incentive collateral management fee (ICMF) after the 2006-vintage Duchess VI CLO was called by the equity in 2018. Duchess VI CLO. After a two-day hearing, the judge, Lord Justice Vos, reserved his judgment

Oaktree markets new issue European CLO via Barclays
Oaktree Capital Management is marketing a new issue European CLO named Arbour CLO VI

Hayfin adds step up notes to triple A tranche as it prices European CLO
London-based Hayfin showed creativity in selling its senior CLO notes on Emerald I, opting for Euribor caps. Again the firm has defied convention, this time by incorporating step-up notes

Accunia goes the short-dated route with upcoming European CLO reissue
Accunia has hired Citi to reissue its inaugural CLO from 2016, Accunia European CLO I

CVC markets second European CLO deal of the year with target pricing this week
CVC Credit Partners is setting up to be the first double issuer in Europe’s CLO market this year, following up its February reset with a new issue named CVC Cordatus Loan Funding XIV

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 b-wic round-up: mezz is where the money is
This year, there has been one constant: junior mezzanine tranches have accounted for most listings on the secondary market

CLO managers make arbitrage work by boosting leverage
Leverage in European CLOs is now averaging 9.6 times debt to equity versus 8.3 times in the first quarter of 2017

Basis between Japanese and syndicated CLO triple As may narrow, says Permira
The basis between Japanese anchor and broadly syndicated CLO triple As is likely to narrow, according to Permira Debt Managers