Global 2022 CLO league tables
Global 2022 CLO league tables

Citi forms new securitised trading business
Citi has formed a new securitised products trading business, with sources saying the combined business is better aligned with how the bank’s clients are organised

Citi's global co-head of CLO trading joins Octaura
Citi's global co-head CLO, ABS, Trups and CDO trading has left the bank after 13 years to join electronic loan and CLO trading platform Octaura as its chief product officer

CLO 2023 Outlook: CLOs look set to rise to the challenge of a tough 2023
CLO researchers had an (understandable) inability to accurately predict the staggering array of macro shocks that affected the CLO market this year. So it comes as a surprise that overall CLO issuance reached a lot closer to anticipated levels than many would have expected back in Q2

JP Morgan leads bank investors in CLOs with $63.44 billion
JP Morgan was the only big US bank holder of CLO notes to meaningfully increase its investments in the third quarter of 2022, adding $9.84 billion according to latest financial statements

US CLO league tables: BofA and Citi going down to the wire but Blackstone set to clinch manager crown
20 US CLO managers priced last month to take year-to-date new issue volumes to $114.2 billion. This is $54.7 billion less than 2021’s total new issuance, but $34.1 billion more than 2020 and $6.1 billion more than 2019

Global CLO league tables - November 2022 YTD
Global CLO league tables - November 2022 YTD

Onex prints Europe's seventh static CLO of year
Onex Credit wrapped up a static European CLO late on Wednesday, with Citi and NatWest arranging the €339 million deal

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

KKR pulls low-ramp European CLO amid loan rally
KKR is understood to have pulled its new issue European CLO Avoca XXVIII, according to multiple sources. The deal was due to price this week

LCM passes $1.5 billion CLO new issuance in 2022
LCM Asset Management priced a fourth CLO of the year on Monday, taking its issuance volume for 2022 over $1.5 billion

US CLO league tables: Usual suspects keep market rolling as Citi moves within $1 billion of BofA
October experienced $7.1 billion of US CLO issuance with over half of that priced by the managers that occupy one to eight in the US CLO new issue league tables

Global CLO league tables - October 2022 YTD
Global CLO league tables - October 2022 YTD

Weren’t there more of us than this?
According to this year’s Creditflux CLO Census, the CLO industry is not feeling optimistic. Some investors have vanished and managers have not taken advantage of helpful market conditions

European CLO market weathers liability-driven investment crisis as just 4% of b-wics fail to trade
European CLO b-wic supply surged in September as liability-driven investment strategies sought to raise collateral via the floating rate CLO market.

Refi wall looms over CLOs as a fifth exit reinvestment
Loan and high yield issuers have a decent runway before they have to think about refinancing their debt, but CLO issuers are not sitting quite as comfortably.

Park Avenue returns to CLO primary market with first deal in nine months
Park Avenue Institutional Advisers on Friday priced its first new CLO in nine months

Blackstone 2022 US CLO volumes climb to $6.2 billion after third static CLO
Blackstone Credit priced its third static CLO of the year on Wednesday in a $493.25 million transaction with Citi

CLOs can weather a short recession, but maybe not a long one, conference hears
The US economy is likely to enter a recession in the first half of 2023, attendees at IMN's ABS East conference heard on Tuesday. While the severity of the downturn is unknown despite the Federal Reserve aiming for a 'soft landing', CLOs are well positioned to weather the storm - as long as the recession is contained in a relatively short period

US CLO league tables: BofA’s big month opens gap with Citi but Palmer Square closes in on Blackstone
After a quiet August, the US CLO market returned to what is the new normal (or new, new normal depending on the timeframe you're using). Managers priced $11.3 billion of US CLO paper last month, extending a trend

Global CLO league tables - September YTD
Global CLO league tables - September YTD

Price talk emerges on upcoming CVC European CLO
The manager is targeting pricing for the week commencing 10 October

Palmer Square prices largest BSL CLO transaction of the year
Palmer Square Capital Management has priced the largest CLO transaction backed by broadly syndicated loans of the year to date

Crescent prints first reinvesting CLO since November
Crescent Capital Group has priced its first reinvesting CLO of 2022

US CLO trader set to join Citi
An experienced CLO trader is joining Citi, sources say