Global CLO league tables - June 2022 YTD
Global CLO league tables - June YTD

Jefferies raids Citi CLO team again with key trading hire
Jefferies is poised to poach another top Citi European CLO official

Euro CLO league tables: short on deals but high on drama as new issuance race tightens up
For the second straight month, European CLO volume was below €2 billion, making it the first time there has been back-to-back months of less than €2 billion issued since November and December 2020

Global CLO league tables - May 2022 YTD
Global CLO league tables - May YTD

Jefferies appoints head of Emea securitisation
Jefferies has appointed a former Citi official as managing director and head of Emea securitisation

We’ll get through this awkward patch
Wide liabilities have made pricing CLOs trickier in the past few months. But speakers at Creditflux’s CLO Symposium were optimistic that the arbitrage is OK — so long as you can place those triple As

Invesco installs turbo single B tranche in European CLO new issue
Turbo tranches have returned to the European CLO market with Invesco using the mechanism attached to the single B-rated tranche in its latest new issue

Euro CLO league tables: PGIM and Jefferies lead as Euribor caps come back in fashion
April was the quietest month of the year in the European CLO market with only €2 billion pricing across four new issues and one reset

Global CLO league tables - April 2022 YTD
Global CLO league tables - April YTD

Euro CLO seniors firm up, but mezz widens as Jefferies prints Spire new issue and CSAM reset
Jefferies has expanded its European CLO arranging lead as senior spreads remain in line with recent deals, mezz appears to have leaked slightly wider and deals continue to feature capped tranches

Bank picks up first co-bookrunner mandate on forthcoming European CLO
Jefferies on Tuesday kicked off marketing Spire Partners' latest new issue European CLO, with the bank sole arranger and co-bookrunner on the deal alongside a new entrant

CSAM launches reset of 2020 European CLO
Credit Suisse Asset Management has launched a rare reset in the CLO market, reworking its 2020 European deal named Madison Park Euro CLO XV

Global CLO league tables - March 2022 YTD
Global CLO league tables - March YTD

Euro CLO league tables: Jefferies takes huge lead as managers bunch up
The increased volatility and geopolitical risk brought about by Russia’s invasion of Ukraine meant European CLO issuance dropped off in March after a strong February

Investcorp triple As hit 110bp in first Euro CLO of year
Jefferies arranged the €451.9 million deal, named Harvest XXVIII, which Investcorp upsized from €400 million

Napier prints short-dated Euro CLO with low ramped warehouse
Standard Chartered picked up another co-placement agent role, while Jefferies was lead arranger on the upsized Henley CLO VII

Euro CLO cost of debt retraces to 2020 year-end levels as BofA revises reset forecasts
Blackstone Credit and CVC Credit printed the first new issues since the loan market wobble, while Bank of America has revised its refi/reset forecast down from €35 billion to €19 billion

Euro CLO league tables: primary issuance shuts down amid extreme market volatility
European CLO issuance initially picked up in February with €7.82bn in total pricings, compared to just €2.44bn in January, before extreme market volatility preceding Russia’s invasion of Ukraine halted the primary market.

Global CLO league tables - February 2022 YTD
Global CLO league tables - Feb YTD

Credit funds at a glance (March 2022)
A round up of fundraising and people moves in credit

Euro CLO triple As show signs of succumbing to macro volatility as €1 billion paper prints
Over €1 billion worth of European CLO paper priced on Wednesday with two new issues from KKR and Spire, alongside a reset from ICG

Euro CLO mezz widens amid macro concerns as Cairn prints new issue and Oaktree pulls reset
Cairn priced its latest European CLO new issue, Cairn CLO XV, with the widening non-IG tranches reflective of broader macro and geopolitical stresses

Euro CLO mezz widens but seniors hold firm as BlueBay and Sound Point price new issues
BlueBay Asset Management and Sound Point Capital Management became the latest CLO managers to price European new issues

European CLO benchmark could drop to 90bp for triple As as Cairn markets new issue
The European CLO triple A benchmark look set to drop to 90 basis points over Euribor this week, following an updated price guidance on Cairn’s latest new issue

Euro CLO league tables: Dry January means focus switches to refis and resets
It is healthy to take a break after what was a bumper 2021. And Europe's CLO market has taken that to heart by abstaining from new issues and instead reworking older CLOs