CLOs are here to help with infrastructure expansion
Issuers of CLOs backed by infrastructure debt are looking forward to a boom as investors turn to infrastructure projects as a way out of the pandemic slump

Options investors look to medium-term market normalisation
Credit index options trading has been heating up, with investors looking to take views on future market volatility well beyond the customary three-month horizon as Europe and the US grapple to keep a lid on rates.

Monroe issues first CLO since Bonaccord equity deal
Monroe Capital has priced its first new CLO in nine months, issuing a $455 million middle market transaction named Monroe Capital MML CLO XI

Corp hybrid popularity mounts, but strategist outlooks diverge
Corporate hybrid bonds are becoming a focal point for investors in the second quarter, with one bank's credit strategy team making them a top pick to trade spread compression while another's has expressed caution on their likely performance

Weekly refi volume passes $5 billion as five CLOs price
Another $2.06 billion of CLO refinancings priced in the US on Friday, bringing the weekly total to over $5 billion

CLO pipeline: Carlyle eyes fourth new issue in two months but refis and resets dominate
Manager focus has shifted to reworking vintage CLOs to lower funding costs in a much tighter market, with the new issue US market having slowed

DWS wraps fourth infra CLO
DWS Group has issued its fourth CLO backed by infrastructure credits

Yield rise is buying signal for bonds, says BNP Paribas
Credit spreads are set to hit new cyclical tights in the coming months, with the recent rise in yields having offered an attractive entry point especially for high-rated bonds, say BNP Paribas credit strategists

CLO refi spree heats up with $1.84 billion in one day
Another $1.84 billion of CLO paper refinanced on Friday as five managers - PineBridge Investments, Credit Suisse Asset Management, Mackay Shields, Steele Creek and MJX Asset Management - took to the primary market to cut their funding costs

Resurgent CSO market bets on ESG and new equity
After a challenging 2020 the synthetic bespoke market has begun this year in style, with a pipeline of deals, talk of new investors and hopes that ESG could play a key role in driving deal volumes

Blackstone adds single B tranche in US CLO reset
Blackstone Credit teamed up with BNP Paribas on Friday to reset its 2017 vintage CLO known as Thayer Park

Vibrant prints first CLO since rebranding
Vibrant Capital Partners, the New York-manager formerly known as DFG Investment Advisers, returned to the CLO primary market on Thursday with its first new issue since rebranding

Ares, Brigade and Redding Ridge issue CLO resets totalling $1.61 billion
$1.61 billion in CLO resets issued on Wednesday as new deals emerged from Ares Management, Brigade Capital Management and Redding Ridge Asset Management

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

Carlyle scores tightest CLO triple A print since 2018
Carlyle Group has priced a new record triple A spread on its latest deal at just 114 basis points over Libor, a full 5bp inside previous market tights

KKR prices three-year reinvestment CLO via BNP Paribas
KKR Credit teamed up with BNP Paribas on Thursday to print a $402.3 million three-year reinvestment CLO named KKR 29

PGIM prints first fixed-rate CLO refi of 2021
PGIM has priced the first single-tranche fixed-note CLO refinancing of 2021, a type of CLO primary transaction popularised in 2020 following the coronavirus outbreak

Global 2020 CLO league tables
Global 2020 CLO league tables 

Redding Ridge prices its largest CLO of 2020 with first five-year deal post-covid
Redding Ridge Asset Management priced its sixth - and largest - new CLO of 2020 on Friday, naming the $520.71 million transaction RR 12

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