Euro market kicks into high gear as end of week sees flurry of pricings
Friday was the busiest day thus far of 2026 for European CLO primary, with two new issues and two resets adding more than USD 1.7bn in fresh paper to the market

Originator “fix” notices soar following risk retention update – Deutsche Bank
Deutsche Bank reports a surge in “fix” notices following 8 August EBA risk retention update

Static European CLOs gain traction with Onex marketing via Citi and NatWest
Onex Credit Partners is marketing Europe’s seventh static CLO of the year

Napier Park prints static European CLO
Napier Park has opted to print a static CLO. The €282 million deal has a one-year non-call period.

Global CLO trading lab: bank sells $834 million triple As in quarterly reallocation as hedge fund trades CLO equity
Thursday’s secondary CLO market was the busiest of 2021, with over $1 billion of US CLOs on offer. This featured an enormous b-wic worth $834.3 million, where sources have told Creditflux of the bank behind the aucton. While a large credit hedge fund is said to have sold out of control CLO equity 

Global CLO b-wic round-up: Secondary markets rally despite ‘worst liquidity seen all year’
An adjournment in the US for Veterans Day last week still left plenty of time for the CLO secondary market to rally, thanks to Pfizer's covid-19 vaccine breakthrough and a firmer indication of the US presidential election results

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

CLOs seek ways to work around warf restrictions
Corporate downgrades leading to par haircuts in CLOs have been a primary focus for CLO investors since the start of the coronavirus-induced crisis. But one of the side effects of rating actions has been a rise in weighted average rating factor test failures

Guggenheim aims at European CLO for its second deal since covid-19 outbreak
Guggenheim Investments is on track to become the second manager to issue CLOs in the US and Europe following the coronavirus outbreak, according to market sources.

Fair Oaks suspends dividends from listed CLO fund citing covid-19 uncertainty
Fair Oaks Capital has suspended dividends on its listed CLO fund “in light of the ongoing uncertainty in economies and markets caused by covid-19 pandemic”, according to an update to investors in the $315 million fund

Beneath the triple C: mighty CLO buckets from Akorns grow
Rating agencies went on a downgrading spree in February, with Moody’s and Standard & Poor’s cutting 20 corporate names to triple C or below – affecting $2.78 billion of paper in US CLOs and €316.6 million in European CLOs. 

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

Global CLO b-wic round-up: control equity hits the market as secondary market picks up
The CLO secondary market in both Europe and the US brought healthy volumes last week. There was €174.9 million listed in the European CLO secondary market, while the US returned a with just over $600 million in CLO b-wics. 

Alcentra issues new European CLO via Morgan Stanley
Alcentra has become the seventh CLO manager to price a new issue deal in Europe this month following a €411.1 million deal arranged by Morgan Stanley

B-wic round-up: mid market CLOs find new homes in secondary market
The US secondary CLO market has had another eventful week as $908.2 million worth of CLO notes were made available, out of which $693.2 million, or 76.3%, traded successfully

CLO round-up: market participants welcome back returning CLO managers
CLO managers returning to the market after a period of absence has been the main story of the last week.

NIBC refinances its unusual 2013 European CLO
NIBC Bank has returned to the CLO market to refinance a 2013-vintage deal, according to market sources