AXA resets 2022 European CLO second time
The EUR 321.66m repricing included a substantial equity upsizing

Investcorp refinances 2019-vintage US CLO
The refi of Jamestown CLO XIV is the first primary market activity by the manager since November  

Blackstone Credit hires Euro capital markets head in newly created role
An experienced official from Morgan Stanley has landed at Blackstone Credit to oversee capital markets origination in Europe across liquid and private strategies

Global CLO league tables - April 2023 YTD
Global CLO league tables - April 2023 YTD

Euro CLO league tables: Jefferies wins at a canter as fellow newcomer Palmer Square wins in new issues
A year of turmoil in the CLO market inevitably led to European CLO issuance dropping in 2022 from its record 2021

Euro CLO league tables: Final whistle beckons in close manager race as Jefferies looks to park the bus
Last month, just shy of €3 billion of European CLO paper was priced in the primary market, the most since March and Russia’s war with Ukraine

CVC and PGIM add to European CLO new issue surge
CVC and PGIM joined Ares, Neuberger and Oaktree in pricing new issues last week

Euro CLO league tables: Barings €20 million behind PGIM in overall issuance as Jefferies extends lead
The European CLO manager base reaches 41 as six new issues priced for a total of €1.9 billion

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

Euro CLO league tables: elements combine to give Redding Ridge new issuance lead
Do you remember, the 16th night of September? What a time to be a European CLO manager... 

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

Euro CLO triple As reach year's widest disclosed levels at 220bp
European CLO triple As have reached the widest disclosed levels of 2022 at 220 basis points over Euribor amid market volatility 

Beneath the triple C: ebbs and flows leave triple C levels at a temporary stasis
Following a rising tide of downgrades in May the loan market stabilised somewhat in June, with seven issuers held by CLOs downgraded to triple C and a counter-swell of five names upgraded to single B.

Eerie calm breaks as bears return to feast
After what looked a calmer and even buoyant start, credit markets have again pushed wider on Monday as investors wrestle with competing view on outlook for central bank policy

US plays catch up with Europe as spreads reconverge
There has been a slight softening of European credit on Tuesday, even as stocks hold onto their record highs and US credit spreads take their chance to close the gap after recent underperformance

HPS reworks Bardin Hill European CLO for first time since acquisition
HPS Investment Partners has refinanced a 2019 European CLO formerly managed by Bardin Hill

Euro CLO league tables: Refi return spurs European CLOs towards record volumes
A record shattering month as refi wave continues

Global CLO league tables - February 2021 YTD
Global CLO league tables - February 2021 YTD

It's all relative: CLOs march tighter as macro traders open positive CDS skews
Credit default swaps are back near where they started the year after giving up their early-February gains amid a rise in government bonds. CDS curves steepened over the past month and macro hedging has left indices trading with positive skews. But CLOs paint a calmer picture in which spreads have inched tighter  

European CLO repricings top €8 billion in 2021 as Ares and PGIM rework deals
Ares and PGIM printed two repricings of European CLOs  on Wednesday, taking year-to-date volume to €8.29 billion

Global CLO league tables - January 2021
Global CLO league tables - January 2021 YTD

US looks for stronger open after sell off
US credit is opening slightly stronger on Thursday, after its sharp Wednesday rout, prompted by Federal Reserve messaging, carried over forcefully into Asian and European markets

Global CLO b-wic round-up: junior tranches trade above par as US volumes reach $45bn
A busy week of over $1.4 billion of US CLO secondary bonds and €290 million of European CLO paper gave light to CLO spreads across the capital structure continuing their push towards pre-covid levels

Europe leads corporate credit rally, but US outperforms in CLOs
iTraxx Crossover has been the CDS market's outperformer this week, tightening over 30 basis points, or 11.4%, to trade at 235bp today. But in the CLO market, US deals have come out on top thanks to a BlackRock CLO that priced its double Bs at some of the tightest levels this year

Crossover dips below 300bp as retailers leave the basket
The removal of defaulting constituents Hema  and Matalan from iTraxx Crossover has helped take the index to its tightest prints since the start of the coronavirus sell-off