Global CLO league tables - May 2021 YTD
Global CLO league tables - May 2021 YTD

BlackRock adds to Euro CLO deal size with reset
BlackRock has reset a 2017 vintage CLO, increasing the deal size slightly and offering a higher return on the lower part of the capital structure

BlackRock issues mid market CLO after refinancing warehouse line with Morgan Stanley
BlackRock has priced an unusual middle market CLO that refinances a warehouse line Morgan Stanley provided 

LP round-up: $2.6 billion flows into 26 credit managers
A stuck ship in the Suez Canal may have prevented others from getting through one of the world's busiest waterways in March, but allocations to credit funds were much more free flowing as investors poured over $2.6 billion into the hands of credit managers

BlackRock fills opening on European CLO management team
BlackRock has filled a gap ithat opened up on its European CLO portfolio management team in January  

Aegon and BlackRock join group of single B CLO issuers with resets
Aegon USA Investment Management and BlackRock each priced a CLO reset on Tuesday that included a single B-rated tranche

BlackRock shaves top but widens rest of stack with Euro CLO reset
BlackRock has reset a 2016 vintage CLO, pricing the triple A tranche inside the average for new issue European deals but widening lower rated tranches from where they refinanced in 2019

BlackRock drags CLO spreads tighter with latest reset
BlackRock teamed up with Citi on Thursday to print a $499 million reset of its 2019 vintage CLO named Magnetite XXI - and dragged the CLO market tighter in the process

Alcentra, BlackRock and CVC refi €1.5 billion of European CLO paper
Deutsche Bank arranged the transactions for BlackRock and CVC while Morgan Stanley arranged partial refinancings for three of Alcentra’s deals

European CLO spreads set to tighten as BlackRock markets refi
BlackRock is looking to partially refinance the senior-most tranches of a 2018 CLO

BlackRock scores biggest mid market CLO since 2018
BlackRock has teamed up with Barclays to print a second CLO backed by loans to middle market companies following its buyout of Tennenbaum Capital Partners in 2018

BlackRock brings three-year US CLO triple As inside 100bp
BlackRock has priced a three-year reinvestment CLO via Morgan Stanley with the triple As yielding just 99 basis points over Libor

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

Double B spreads shrink to just 635bp as BlackRock prints tightest CLO yet
BlackRock has once again priced the tightest three-year reinvestment CLO post-covid, repeating a feat it last acheived back in September

CLO pipeline: LCM switches arranger to complete deal and join issuance surge
Over $3.5 billion of global CLO issuance priced last week and managers in all three CLO markets are taking advantage of tightening spreads across the capital structure after three major covid-19 vaccine breakthroughs and increased confidence since the US presidential election

BlackRock prices first middle market CLO following Tennenbaum buyout
BlackRock has priced its first CLO backed by loans to middle market companies since acquiring private credit manager Tennenbaum Capital Partners in 2018

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

BlackRock cuts CLO double A coupon with fixed-rate refi
BlackRock has priced a fixed-rate CLO tranche refinancing, teaming up with Mizuho to cut the coupon on the double A notes of Magnetite XII

LP round up: $5 billion flows to credit as private market allocations increase
Global institutional investors allocated nearly $5 billion to credit funds this week, according to documents seen by Creditflux

Euro CLO primary spreads hit new tights as BlackRock prices first 2020 deal
European primary CLO spreads have finally begun to tighten, as BlackRock today printed triple A notes on BlackRock CLO X at Euribor plus 120 basis points

BlackRock prices tightest post-covid CLO by far
BlackRock has priced a new issue CLO named Magnetite XXVIII via Barclays, scoring by far the tightest post-covid debt execution

CLO pipeline: managers large, small and new ready to price in post-Labour Day surge
US managers are preparing a wave of new issue CLOs in the coming days, as the usual post-Labour Day pricing surge comes to fruition even in this most unusual of years

BlackRock plans first European CLO of 2020
Barclays has begun marketing its second European CLO in September with the bank arranging a deal for a large asset manager

Fund performance: Almost a third of credit funds reach positive YTD returns
July has been a successful month for many credit funds, despite the recovery peaking in May and June

Global CLO b-wic round-up: US CLO triple As finally rally while European investors go ‘all in’
A huge supply of $731 million of US CLO triple A bonds pushed US CLO secondary volumes to just shy of $1.5 billion last week