European CLO weekly volume passes €4 billion as HPS resets former Bardin Hill deal
European CLO weekly volume rose to over €4 billion on Friday, with HPS Investment Partners rounding off the week

Euro CLO league tables: Blackstone back on top while Jefferies extends lead as focus turns to new issues
2021 European CLO issuance crossed €60 billion in July, which is more than the 22 months that preceded this year

Global CLO league tables - Jul 2021 YTD
Global CLO league tables - Jul 2021 YTD

What summer slowdown? Carlyle, Hayfin and Investcorp add €1.2 billion Euro CLO issuance
Europe’s CLO market has shown no sign of a summer slowdown in the first week of August as Hayfin and Investcorp rework 2020 deals and Carlyle refis 

Euro CLO managers price €1bn as triple As surpass 100bp and capped tranches gain popularity
CBAM, Hayfin Capital Management and GoldenTree Asset Management have all taken to the European CLO primary market, adding €1 billion to 2021 volume

Blackstone, Chenavari, CIFC and Five Arrows add €2 billion to weekly Euro CLO issuance
Nearly €2 billion of European CLO issuance priced this week, with Blackstone, Chenavari, CIFC and Five Arrows adding to Napier Park’s reset earlier in the week

CLO pipeline: Man GLG resurfaces from six-year absence as deals exiting call-lock fill pipeline
CLO spreads have leaked out in recent weeks but deal economics are still favourable, encouraging managers to come back to the primary market for the first time this year

CLO managers embed new EU sustainable disclosure language in docs after investor push
Bridgepoint, CSAM and Pinebridge are among managers to include language related to the EU’s Sustainable Finance Disclosure Regulation, following a push from CLO investor Lupus alpha

HPS inserts loan tranche in European CLO reset
European CLO loan tranches have made another appearance as HPS Investment Partners' resets a 2019 European CLO, Aqeuduct European CLO 2019-3

Euro CLO triple As widen as market participants expect spreads to hit 100bp
European CLO triple As are leaking wider with CSAM and KKR resets the latest to demonstrate this - and some anticipate spreads could widen to 100bp, leading to a potential slowdown

Euro CLO league tables: out with the old, in with the new as Jefferies leads way
Despite being a newcomer to the European CLO market this year, Jefferies has taken the market by storm and leads the way in overall European CLO issuance

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

Credit funds at a glance (June 2021)
A round up of fundraising and people moves in credit

European senior mezz hits tights as CVC resets CLO
CVC Credit has reset its 2017 European CLO CVC Cordatus Loan Fund VIII, with the deal highlighting tightening of spreads in upper mezzanine tranches

Euro CLO league tables: cramming a year's worth of work in two months
It is no surprise the European CLO market has been experiencing fatigue at times this year with the last two months of issuance alone almost equalling issuance figures for the whole of 2020: last year €22.78 billion worth of European CLOs priced, while in March and April 2021, managers brought €21.48 billion to market

Global CLO league tables - April 2021 YTD
Global CLO league tables - April 2021 YTD

Alcentra includes 2.1% Euribor cap on triple A tranche in CLO reset
Alcentra has included a 2.1% Euribor cap on the triple A notes in its reset of Jubilee 2013-X

Investcorp partially refis European CLO ahead of reinvestment end in June
Investcorp has partially refinanced the most senior tranche of a 2015 European CLO, Harvest XI

CLO pipeline: Deutsche Bank and Carlson hit comeback trail
The CLO market is preparing to be very active in the coming weeks, as the issuance slow-down is set to be in the rear view mirror

Morgan Stanley hires European CLO trader from buy side
Morgan Stanley has added to its European CLO trading team, bringing in an official who previously worked at a CLO fund manager

Permira fires starting gun on covid CLO resets as it cuts funding costs by over 50bp
Permira Debt Managers wastes no time resetting its post-covid European CLO transaction, which is scheduled to close on the CLO's original one-year non-call end date

CSAM slashes cost of debt by over 30bp for 2019 European CLO
CSAM's transaction comes amid a CLO pipeline that is abundant with 2019 deals

Cairn cruises into CLO market with convertible triple A tranche
The sun emerged (briefly) this week in London and Cairn Capital was out driving a convertible - a convertible CLO tranche that is

CVC cuts cost of debt by 17.5bp with Euro CLO partial refi
CVC has teamed up with Jefferies to partially refinance its 2018 vintage European CLO, CVC Cordatus Loan Fund XII, cutting its cost of debt by 17.5 basis points

Sound Point breaks through Europe's five-year reinvestment barrier to set CLO benchmark
European CLO triple As have reached new tights with Sound Point Capital Management pricing triple As at 77 basis points over Euribor