PGIM prices first GBP CLO of the 2.0 era
PGIM brought a fresh innovation to the CLO market today by pricing the first sterling-denominated deal of the 2.0 era

Loan managers can start to be selective
The portfolio overlap in European CLOs - at roughly 45% - is 10% higher than in the US. But newcomers and smaller managers stand a good chance of differentiating themselves

Barclays prices €359 million CLO for new client in Europe
Barclay’s European CLO arranging business has a new client, according to market sources

Ares lays down a marker with 85bp CLO triple A print as European spreads widen
After pricing a benchmark CLO at the start of the year, Ares Management is back in the primary market after pricing Ares European CLO X today

Axa IM markets new issue European CLO
Axa Investment Managers is marketing a new issue European CLO via Goldman Sachs

CSAM targets Europe's 12th CLO with over 4.5 years of reinvestment
European CLO managers are continuing their push for longer reinvestment periods

Pricing balance between 'floored' and 'unfloored' CLO tranches shifts as two deals price
The use of ‘unfloored’ mezzanine tranches in European CLOs is becoming more widespread with Barings and KKR Credit each pricing deals incorporating such features on Friday

Junior CLO spreads come in as CVC prices new European deal
CVC Credit Partners has priced its first new European CLO of 2018, moving the market slightly tighter in the process

Pearl Diver launches new CLO funds and expands into US with New York office
CLO equity investor Pearl Diver Capital is in full-on expansion mode with the launch of new funds and the opening of its US office in New York

Tikehau prices new European CLO with 11 debt tranches
Tikehau Capital yesterday priced its first new European CLO since November and its fourth European deal overall

Cairn prices €362 million CLO refi with triple A spreads hitting 79bp
Cairn Capital priced its second CLO transaction of the year this morning

Global CLO manager prices ninth transaction of 2018 as spreads widen
A global CLO manager teamed up with Citi yesterday to issue its sixth new European CLO

Price talk circulates for PGIM's forthcoming GBP CLO
PGIM is marketing its forthcoming sterling-denominated CLO, with price talk for the triple A notes around 125 basis points over GBP Libor

Cairn markets European CLO refi as spreads look set to widen by 6bp
The Euro CLO refi market is picking up steam, with Cairn Capital looking to become the fourth manager to refinance a transaction in as many weeks

Barings markets its fourth new CLO of 2018
Barings has mandated Morgan Stanley with arranging a new European CLO

Warehouse rating announcement suggests busy new issue pipeline for Alcentra
Alcentra has opened a warehouse facility with plans to launch a new CLO named Jubilee CLO 2018-XXII

Carlyle issues new Euro CLO with tightest triple As for over one month
Carlyle Group issued its second new European CLO of 2018 yesterday, with the tightest triple A print in over one month

ICG reissues three European CLOs still bound by call locks in risk retention move
Intermediate Capital Group has shifted its CLO risk retention strategy to an originator structure by reissuing three of its deals

European CLO PM rumoured to be joining CIFC from large asset manager
CIFC Asset Management looks to have made a major breakthrough in its bid to establish a European credit business with the $17 billion asset manager rumoured to be hiring the head of European performing credit at a large global credit firm

Growth in UK loan issuance sparks sterling CLO revival
Strong sterling denominated leveraged loan issuance relative to euro issuance in western Europe has inspired securitisers to launch CLOs in the British currency

European-compliant CLOs try to sidestep US risk retention rules
CLOs complying with European risk retention have had to tweak their legal language to avoid coming under US rules, in what has become known as a ‘conditional sales’ approach

Euro CLO league tables: 2018 volumes hit €22.6 billion after flurry of deals in June
The first two quarters of this year have delivered €22.6 billion worth of CLO issuance in Europe, almost matching the €22.7 billion that was issued in the first half 2017

Dutch bank makes its return to CLOs with first new issue in five years
A Dutch bank has returned to the primary CLO market, pricing its second 2.0 deal

Points up front: BlueGreen OneTreeHill United, the CLO team
Inspired by Serhan Seçmen’s keynote address at Creditflux’s CLO Symposium in May, we’ve come up with a World XI of CLO managers.