CLO 2020 outlook: lower volumes predicted, but it’s not all bad news
US CLO issuance is expected to drop by roughly 20% next year, according to bank research desks. This comes after a solid 2019 in which $101 billion of new US CLOs have priced through 92 managers, as Creditflux goes to press

Euro CLO league tables: GSO turbos charges its lead over CVC
GSO Capital Partners kept hold of the lead in the European CLO manager league tables thanks to its turbo charged reset of Holland Park

CLO pipeline: high triple C bucket opens a Gateway to pricing
In less than ideal market conditions, even experienced CLO managers are learning new tricks to keep the pipeline full. Of the 11 US new CLOs that appear in the pipeline this week, two are high triple C bucket transactions

Finnish life insurer assembles European loan investment business
The firm has brought over a loan portfolio manager from parent company Sampo Group to head the new unit and added a former Deutsche Bank official 

GSO adds turbo tranche feature to European CLO as part of reset
GSO Capital Partners has issued a novel single B-rated European CLO tranche that is designed to amortise quickly

CVC issues its third 2019 CLO in Europe
CVC Credit Partners joins an exclusive club of managers with its third new European CLO of the year. Like GSO Capital Partners and BlackRock in recent weeks, CVC priced its triple A bonds at 90 basis points

CVC markets new issue European CLO via Deutsche Bank
Price talk has emerged for CVC Credit Partners’ forthcoming CLO new issue, CVC Cordatus Loan Fund XVI

GSO and Deutsche Bank unite to refinance 2017 European CLO
GSO Capital Partners has teamed up with Deutsche Bank to refinance the triple and double A debt of its 2017 CLO named Palmerston Park

DWS holds €350 million first close for inaugural direct lending fund
DWS has garnered €350 million on the first close of its inaugural European direct lending strategy, according to an announcement by the firm

Carlyle brings short CLO paper tighter with euro triple A refi
Short CLO spreads inched tighter in Europe yesterday after Carlyle Group refinanced the triple A notes of Carlyle GMS Euro 2013-1 at 66 basis points over Euribor

Credit funds at a glance
A round-up of fundraising and people moves in credit

Deutsche Bank reshuffles European capital markets business
Deutsche Bank has reshuffled its European capital markets business, dividing both its leveraged finance and debt capital markets units by origination and syndication

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

Euro CLO league tables: before the holidays is the best time to price a deal
Over €5 billion of new issue CLOs was priced last month, the first time the market ever crossed that monthly threshold

GSO prices tightest European CLO of 2019 with syndicated triple As
GSO Capital Partners priced the tightest European CLO of the year yesterday with weighted funding costs 177.27 basis points over Euribor

Junior notes of forthcoming GSO European CLO go subject
GSO Capital Partners is marketing a new European CLO via Deutsche Bank named Dunedin Park CLO, which was announced yesterday

Morgan Stanley becomes third bank in four months to join CDSClear
Morgan Stanley has signed up as a member of CDSClear at LCH SA

Deutsche Bank AT1s stage uneven recovery as financials lag broader rally
The prompt secondary market backlash to Deutsche Bank’s plans for a major haul of its investment banking business has abated, with AT1 bonds experiencing a revival and outperforming equity. But while there has been little contagion to the rest of the AT1 space, financials are lagging the broader European credit rally

Europe welcomes CIFC after manager prices its debut 2.0 CLO
CIFC Asset Management has made the breakthrough in Europe, pricing its debut 2.0 CLO on the continent today

CIFC kicks off in Europe as its first CLO on the continent enters marketing stage
CIFC Asset Management has launched its debut European CLO transaction, with eyes to becoming the continent’s fourth debut manager of the year

Deutsche Bank hires emerging market credit trader
Deutsche Bank has added to its credit team in London by hiring a trader of emerging market cash debt and CDS

Fair Oaks prices €332 million debut CLO via Deutsche Bank
Fair Oaks Capital became a first-time CLO manager today, issuing its debut deal named Fair Oaks Loan Funding I

Deutsche Bank bolsters CLO origination desk in London
Deutsche Bank has added to its CLO origination desk in London, a spokesperson has confirmed

Deutsche Bank rehires Nordic sales head after senior official moves to buy side
The bank is bringing in a Barclays official to replace him, in a slightly more broader role, say market sources

Fair Oaks goes for short reinvestment as it markets debut euro CLO
Fair Oaks Capital has gone for the short-dated route for its debut CLO, Fair Oaks Loan Funding I, which was launched yesterday via Deutsche Bank