Global CLO league tables - Aug 2021 YTD
Global CLO league tables - Aug 2021 YTD

CLOs face uncertainty as Libor rate deadline looms
CLO equity valuations could be increasingly under the spotlight in coming months, as sources warn of disruption while the market grapples with basis risk between Libor and Sofr in loans and CLO notes

CLOs at a glance (September 2021)
A listing of CLOs that have priced in the last month

Barclays' CLO and loan strategist set to join large asset manager
A highly respected CLO strategist is taking on his first CLO buy side role

CBAM promotes eight to investment committee on fifth anniversary
CBAM Partners has promoted eight people to its investment committee as it marks the five year anniversary of its founding

Tikehau preps expansion to join ever-growing list of US CLO managers
Tikehau Capital is expanding its CLO management business with the firm preparing a debut US CLO

CLO upgrades in sight as Fitch proposes changes to ratings methodology
Fitch Ratings is inviting market participants to comment on proposed updates to its CLO ratings criteria that could affect 4% of US CLO and 30% of European CLO ratings

Global CLO league tables - Jul 2021 YTD
Global CLO league tables - Jul 2021 YTD

Liquidations emerge as speed bump to $1 trillion CLO market
CLOs are now a $1 trillion global industry, but liquidations are picking up and could hamper growth — as well as providing welcome relief to an engine that’s running somewhat hot. CLOs are now a $1 trillion global industry, but liquidations are picking up and could hamper growth — as well as providing welcome relief to an engine that’s running somewhat hot.

CLOs at a glance (August 2021)
A listing of CLOs that have priced in the last month

CLO pipeline: Birch Grove and Fort Washington dish out first 2021 deals as Carlyle goes for sevenths
CLO investors can feast on a range of deals in the new issue market over the next month. 

Global CLO trading lab: Equity supply spikes as investors go long
CLO equity returned to the secondary market in a big way last week, after a month of very little visibility, with $118.3 million of US CLO and €44.9 million of European CLO subordinated notes on sale

CLO pipeline: four US and two European managers prepare first 2021 CLOs
The CLO market is set to carry on roaring with the pipeline as full as ever despite the summer slowdown just around the corner  

CLO records on course to shatter as repricings move in-the-money

CLOs at a glance (July 2021)
A listing of CLOs that have priced in the last month

CLO market explores move out of Cayman amid EU clampdown
CLO market participants are exploring moving their special purpose vehicles out of the Cayman Islands following amended European Union rules that could designate the territory as a blacklisted tax haven

CLO pipeline: Man GLG resurfaces from six-year absence as deals exiting call-lock fill pipeline
CLO spreads have leaked out in recent weeks but deal economics are still favourable, encouraging managers to come back to the primary market for the first time this year

CLO demand to drive loan outperformance over bonds: BNP Paribas
The buying power of CLOs and funds could mean leveraged loans rally further and outpace high yield bonds, says BNP Paribas' credit research team

CLO pipeline: GoldenTree makes good home for single Bs in swarm of activity
Wider CLO spreads are not deterring US CLO managers or equity investors, as 14 new issues, 10 resets and seven refinancings enter the pipeline

Global CLO trading lab: quality and optionality shine as 2020 and 2019 mezz trades up
The primary and secondary CLO markets are moving in tandem with both markets drifting wider amid a wealth of supply

LSTA, LMA and Elfa publish standardised ESG questionnaire for CLO managers
The Loan Syndications & Trading Association (LSTA), Europe’s Loan Markets Association (LMA) and the European Leveraged Finance Association (Elfa) – have teamed up to launch a new ‘standardised’ ESG due diligence questionnaire for CLO managers

CLO pipeline: all-time CLO issuance records come under threat
14 new issues in US and three European new CLOs look to price in the coming weeks

Global CLO pricing lab: let’s all point at that 108bp print while spreads leak out
The tsunami of CLO paper coming to market is the biggest technical factor causing spreads to widen, according to sources