Axa IM returns to US new issue CLO market after one-year break
Axa Investment Managers has returned to the new issue CLO market in the US after pricing the $406.25 million Allegro CLO XII via BNP Paribas

CBAM prices first five-year CLO since March sell off
CBAM has priced a second US CLO post-covid and its first with a five-year reinvestment period

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

Global CLO league tables - October 2020 YTD
Global CLO league tables - October 2020 YTD

Ucits at a glance: European funds and CLOs head rankings
Ucits fund returns

Napier Park prices five-year reinvestment CLO via BNP Paribas
Napier Park Global has teamed up with BNP Paribas to issue a new five-year reinvestment CLO

Monroe saves 18bp with first ever mid market CLO repricing
Monroe Capital has shaved just over 18 basis points off a 2018 middle market CLO named Monroe Capital MML CLO VII with a repricing

CLO Census results: Citi comes out top but several banks make big leaps
Citi has been voted top in five out of the eight primary CLO categories as part of the 2020 Creditflux CLO Census, but BNP Paribas, Goldman Sachs, Jefferies and Natixis are among the banks that have made huge strides compared to last year

Symphony issues first CLO since integration with Nuveen
Symphony Asset Management has priced its first new issue CLO in nine months, and its first since announcing the integration of its leveraged finance business with affiliate Nuveen

Credit Rendezvous: sometimes you have to dive deep to find value
Some parts of the credit market are fraught with danger, but that does not mean portfolio managers are avoiding them entirely, according to the Credit Rendezvous, Creditflux's 10-page quarterly report eaturing comments from 15 credit experts

Faith in structures has been rewarded
CLOs have been resilient against covid-19 fallout, said speakers at Creditflux’s CLO Symposium last month. But there’s always room to improve and 3.0 deals may add ESG and bullet tranches

Four US CLO refis highlight diverging manager strategies
Four US CLO managers - Ares Management, GSO Capital Partners, Marathon Asset Management and Voya Alternative Asset Management - have each refinanced fixed-rate CLO tranches, with the four deals totalling $69 million in paper. But new strategies are beginning to emerge

CLO pipeline: primary tightening opens door for CLO managers to print new issues
The CLO primary market is hitting a fast pace as it enters the last quarter of 2020. Last week brought a surge of new issuance as 11 US, two European and one mid market CLO manager priced their latest transactions

Axa IM completes rare CLO tranche repricing
Axa Investment Managers has completed a rare repricing of the fixed-rate notes of its 2018 CLO Allegro VIII. BNP Paribas arranged the $10.8 million repricing

Antares makes middle market CLO return with delayed-draw double Bs
Antares Capital has priced the third largest new CLO amid the coronavirus pandemic, after teaming with BNP Paribas on Friday to place its first primary market transaction of 2020

PGIM brings post-covid US CLO volume to $1.43 billion with third new issue
PGIM has joined the ranks of US CLO managers to issue three new CLOs post-covid after pricing Dryden 85 CLO via BNP Paribas on Thursday

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

Global CLO league tables - August 2020 YTD
Global CLO league tables - August 2020 YTD

Triple A investors lock in spreads for extra three months as Marble Point prices CLO
Marble Point Capital Management has a make-whole provision applied on its first new issue US CLO since February

Ucits at a glance: Ucits funds march on and erase Q1 losses
95% of Ucits credit funds listed with Creditflux posted positive returns in June to keep up the momentum from May when all but one fund was in positive territory

Redding Ridge back as top CLO issuer post sell-off with new US and EU deals
Redding Ridge Asset Management has shot back to become the largest CLO issuer by volume since the sell off in March after printing a new issue apiece in the US and Europe, according to market sources

AGL passes Palmer Square as most prolific US CLO issuer since sell-off
AGL Credit Management has become only the third manager to issue three new CLOs and the most prolific issuer of US deals since the coronavirus-led March sell-off

It’s all going to plan
Whether managers are relaxed because they can make up losses later, or are putting more money into their deals, panellists on the Creditflux West webinar weren’t panicking about OC breaches

Points up front: I’m terribly sorry, I didn’t quite catch that…
Creditflux has been running a series of webinars on CLOs and private credit, and despite the risk of unreliable technology, these have been held with few wifi-related issues...

US triple A spreads hit 160bp as GSO prices second post-covid CLO
Triple A spreads on new issue US CLOs have further tightened to 160 basis points