CLO double Bs rally as Bridgepoint prices debut European CLO
Bridgepoint has become the fifth debut European CLO manager in 2020 with the manager pricing Bridgepoint CLO I today via Barclays

US CLO round-up: 23 managers wait in the wings after avoiding pre-election rush
CLO managers rushed to the primary market last week as they sought to lock in financing before the US presidential elections. This resulted in one of the busiest weeks in the primary market with 10 new issues

Single B notes return as Palmer Square prints third reinvesting US CLO of 2020
Palmer Square Capital Management priced its ninth new issue CLO of 2020 on Friday, teaming with JP Morgan on the $401.1 million Palmer Square CLO 2020-3

CLO pipeline: fixed income giants plan debut 2.0s with Morgan Stanley
Two large fixed income managers are pre-marketing debut 2.0 CLOs

CSAM closes its first-ever commingled CLO equity focused fund
Credit Suisse Asset Management has completed the final close of its inauguarl commingled fund geared towards CLOs

AMMC makes CLO new issue comeback after more than two years away
American Money Management Corporation has made a long-awaited comeback in the CLO primary market by printing its first new issue transaction since March 2018

Hayfin readies second new European CLO with Goldman Sachs in three months
Hayfin Capital Management is preparing to price its second CLO via Goldman Sachs in the space of three months

US CLO round-up: New Mountain gives a peek at better times
CLO primary issuance has produced healthy volume over the last few weeks with new issue paper totalling $7.9 billion since 21 September.

Chicago-based manager returns to CLO primary with first new issue for 17 months
PPM Loan Management has staged a CLO primary comeback by printing its first new issue deal in just over 17 months

Investcorp markets third 2020 European CLO with triple As guided at 110bp
BNP Paribas is arranging a new CLO for Investcorp Credit Management, marking a first time partnership. The pair expect to price the transaction early next week, with a portfolio that is about 45% ramped as things stand

Global CLO b-wic round-up: CLO lower mezz tightens while equity investors strive for duration
A large supply of CLO paper flooded the secondary market last week as $1.5 billion of US CLO bonds and €370 million of European CLOs were listed, according to CLO-i

Global CLO b-wic round-up: dealers get involved amid rally, but dispersion persists
The CLO secondary markets returned to form last week with $716.2 million of US CLO bonds and a further €306.5 million of European CLO paper listed. Although for both markets over half of the total volume listed came from Thursday’s scheduled b-wics

Spreads tighten as GoldenTree and BlackRock print tightest CLO triple As since March
The CLO market moved tighter on Friday as GoldenTree Loan Management and BlackRock each priced new issues with triple As at 155 basis points over Libor, scoring a new record print following the coronavirus sell off in March

Nassau makes CLO primary return with one-year new issue
Nassau Corporate Credit has priced its first new CLO since the coronavirus sell off, with the $251.75 million deal set to run a short one-year non-call period

CLO pipeline: break's over - time to print deals
The CLO market has taken a slight pause after the independence holiday in the US last weekend, meaning the CLO pipeline includes a backlog

CLO pipeline: Managers prepare to build on momentum in July
The demand for new issue CLO paper is strengthening with eight US CLOs, one mid market CLO and three European CLOs preparing to print in the coming days

CLO pipeline: marathon runners and sprinters join the race
Five new CLOs priced last week, four of which were US issues and one European, but they have been ably replaced in the pipeline, with a handful of managers looking to strike while the CLO market is still hot

OC health check: slowing of downgrades offers some reprieve for CLOs stuck in breach
89 deals reported overcollateralisation breaches last week, but only seven of these deals were breaching any OC test for the first time, according to the latest reports available on CLO-i

CLO pipeline: manager prepares crowning return as primary market gets busy
CLO secondary prices have rallied hard in recent weeks, providing impetus for the new issue deal pipeline to fill up quickly. But one surprise is that Western Asset Management has chosen this moment to return to the primary CLO market, after several years' absence

Global CLO b-wic round-up: US triple Bs edge wider but 2020 bonds trade at a premium
The furious rally that the secondary CLO markets have gone through over the last two weeks was brought a halt by the Federal Reserve’s reminder on Wednesday night that all is still not well with the economy

Basque-ing in ESG CLOs: Guggenheim prices Bilbao European deal via Citi
Guggenheim Investments has priced the fourth new European CLO of the pandemic era with a €281.65 million deal named Bilbao III

Global CLO b-wic round-up: equity makes a return as investors search for price levels
Three European CLO equity bonds have traded with colour attached in the last two weeks in the secondary market

European CLOs make long-awaited comeback with Permira breakthrough
Permira Debt Managers today re-opened Europe's CLO primary market by pricing the continent's first new issue since the coronavirus-related market sell off

PGIM prices three-year US CLO via BNP Paribas as covid-era limitations ease
PGIM has priced the second new issue CLO to run a three-year reinvestment period following the market dislocation triggered by the coronavirus pandemic

Global CLO b-wic round-up: CLO triple As recover but mezz left behind
The CLO secondary market was a tale of two halves last week. 100% of all bonds listed in b-wics on Monday and Tuesday had no covers released (either traded or did not trade), but the end of the week was a different story for both markets