Five Arrows matches Europe's tightest CLO spread with latest new issue
Five Arrows yesterday returned to the European CLO market with its first transaction of the year, matching Axa Investment Managers for the tightest new issue print

18% of CLO managers priced their first deals post-January 2018, says Maples
Launching a new CLO management platform is ‘extremely difficult’ although the rewards appear to be worth the risks, according to new research from Maples Group

Orrick poaches securitisation partner from Ropes & Gray
The hire might help the firm move up CLOi Advisor rankings

CLO pipeline: new kids in class look to excel on first assignments
The summer holiday is well and truly over with the European CLO market building on last week’s momentum as three new deals and one reset are to enter the primary market. 

Two managers market their first ever European CLOs
Two CLO managers are in the process of marketing their inaugural European CLOs to investors, according to market sources

The Last Tranche: managed CSOs and the benefit of CLO Euribor floors [podcast]
Managed CSOs are the talk of the town in the synthetic structured credit market, while CLO investors in Europe are putting a price on how much they value CLO Euribor floors  

Euro loan trading: Areas caters to CLOs while managers cast away Nets
Global travel catering services Areas flew off the shelf after it allocated its €1.05 billion term loan B, with 50 CLO managers buying the loan

Investcorp looks to become first manager to reset a 2017 CLO
Investcorp Credit Management is setting itself up to be the first CLO manager to reset a deal that first priced in 2017

Euro CLO round-up: debt investors own the floor as tempo picks up
It was one of those rare weeks in Europe when volumes surpassed the much larger US CLO market and, to cap it all off, spreads made a big jump tighter.

Spreads tighten 3bp as Axa IM prices first European new issue CLO for 12 months
Triple A CLO spreads tumbled in Europe again on Friday as Axa Investment Managers priced its first new CLO in 12 months, according to market sources

ICG becomes third CLO manager to reset in Europe in one week
European CLO reset volumes last week were higher than for the whole year running up to it, as Intermediate Capital Group on Friday became the sixth manager to price a reset on the continent in 2019

KKR resets 2016 euro CLO as triple A spreads drop back into double figures
Triple A spreads tightened for the second consecutive day in Europe yesterday as KKR reset its 2016 CLO Avoca XVII

CLO pipeline: managers look to avoid a repeat of 2018 with new issue flutter
US and European CLO managers are preparing to up the ante in September, but they will have to defy a trend set a year ago

Axa IM promotes global head of loans and private debt following Levilain departure
Axa Investment Managers has promoted a new global head of leveraged loans and private debt to fill the vacancy left by Jean-Philippe Levilain, who has left to join CBAM

PGIM scores Europe's tightest CLO print of 2019 as resets make a comeback
PGIM yesterday reset its 2016 CLO named Dryden 48 via BNP Paribas, according to market sources, scoring the European market’s tightest triple A print of the year at 101 basis points over Euribor

Global CLO b-wic round-up: secondary market awakens with control equity bonanza
Four anchor positions made available on secondary market as equity accounts for over a third of all volumes.

Euribor floor becomes more valuable as CVC and Deutsche Bank ready CLO refi
CVC Credit Partners is working with Deutsche Bank on a €316 million refinancing of its 2017 CLO named CVC Cordatus Loan Fund VIII

US CLO giant CBAM makes big hire as it moves into Europe
CBAM has revealed plans to move into European credit and has hired an experienced loan manager to oversee the launch of the business

Refis and resets are in the money again in Europe, conference hears
CLO refinancing and reset volumes could be about to surge in Europe once again, according to panellists at the Standard & Poor's European Structured Finance Conference in London yesterday

Global CLO league tables at a glance - August 2019 YTD
Global CLO league tables at a glance - August 2019 YTD

Euro CLO league tables: back to earth in tandem as issuance nosedives
August brought just €1.12 billion of issuance in the European CLO market across two refinancings and one reset, the quietest month since January when only €0.51 billion of European CLOs priced

US hedge funds use leverage to buy European CLOs
Boca Raton-based hedge fund manager III Capital Management is leading the charge as US hedge funds employ leverage to buy European triple A-rated CLOs.

ICG goes short-dated route as it lines up 2013 European CLO reset
Intermediate Capital Group is lining up a reset of its 2013 CLO named St Paul’s II, looking to optimise the term curve by renewing the reinvestment period for just two years

PGIM's euro credit research head joins former colleague at Angelo Gordon
PGIM’s head of European credit research has joined Angelo Gordon

Spire brings in structured credit specialist from WyeTree
Spire Partners has hired a junior portfolio manager from WyeTree Asset Management with a view to expanding its structured credit investments