Macquarie appoints ex-UBS official to build new asset-based finance business
Macquarie Capital is building a asset-based finance platform has appointed ex-UBS official to lead the new group

Voya prices short reset of its oldest active CLO from 2012
Voya Alternative Asset Management has brought back the three-year CLO reset, pricing the first of these short transactions since August

Symphony prices unusual post-reinvestment CLO refi
Symphony Asset Management has taken the rare step of refinancing a post-reinvestment CLO, according to market sources

Political risk puts December in focus as CDS investors play index volatility
Selling implied volatility has been prominent among CDS investors since last month’s iTraxx and CDX index rolls, says BNP Paribas in a research piece, with December a popular point of focus for trades

PGIM teams up with BNP Paribas for new issue US CLO
PGIM priced its fifth new issue CLO of the year on Friday in a $401.3 million transaction arranged by BNP Paribas

Investcorp resets and upsizes 2017 European CLO
Investcorp Credit Management has reset and upsized its 2017 CLO named Harvest CLO XVII, according to market sources

OFS plans CLO market return with first new issue since June 2018
Orchard First Source could become the 120^th manager to price a transaction in the CLO market this year, according to market sources

Regatta prices first US CLO in 12 months
Regatta Loan Management - the capitalised manager vehicle linked to Napier Park Global Capital - yesterday returned to the CLO primary market with its first new issue in the US market for just under a year

Och-Ziff splits triple Bs as it prices US CLO
Och-Ziff teamed up with BNP Paribas on Friday to price a new issue CLO named OZLM XXIV, its third CLO transaction of the year

Ares refinances single tranche of 2016 CLO
Ares Management returned to the CLO primary market on Friday to price its seventh transaction of 2019

PGIM goes all in as it refis 2016 CLO for second time
Having refinanced the junior debt in a US CLO last year, PGIM has refied the entire capital stack of its 2016-vintage CLO

CIFC becomes first manager to print four new issue US CLOs in 2019
CIFC Asset Management today became the first CLO manager to price four new issues in the US market this year after executing a deal via BNP Paribas

TICP cuts triple A spread down to 120bp in refi of 2016 CLO
TICP yesterday cut the funding costs of a 2016 vintage CLO by 38.74 basis points via refinancing

Arrival of five-year bespokes draws in CLO investors
Synthetic bespoke tranches are undergoing a major shift, with dealers projecting five-year business to supersede previously dominant shorter tenors by the end of 2019.

US CLO round-up: dropping anchor (investors) brings CLO spreads tighter
Syndication was the theme of the week across the global CLO market last week as managers and arrangers presented deals which were sold to a more diverse group of investors than has been the case for most of this year.

GSO prices CLO with tightest prints across senior and junior tranches
CLO spreads fell sharply yesterday as GSO Capital Partners priced a new issue deal named Niagara Park CLO with a weighted average funding cost of 176.65 basis points over Libor

Symphony becomes 90th manager to price CLO this year
Symphony Asset Management yesterday became the 90^th CLO manager to price a transaction this year after printing a new issue named Symphony CLO XXI

Credit traders' kickstand: Trump gives Europe the ghoulies as single B spectres haunt CLOs
Trade tariff terrors and things that go triple C rated in the night are top of the list of items spooking credit market sentiment at the end of this week

BNP Paribas lands double punch with two CLOs in a day
BNP Paribas made a $1.11 billion splash in the US CLO market on Friday, pricing two new issue CLOs. 

Bespoke gains pull CLO buyers as market tipped to hit $100bn
Synthetic bespoke issuance could catch up with the more visible CLO market this year, say structured credit specialists

Past Returns: Repacking in land of the rising sun
Five years ago in Creditflux, we reported that Bank of Tokyo Mitsubishi UFJ was embarking on a strategy of buying repackaged CLO triple A notes denominated in Japanese yen

MJX prices first new issue CLO in five months
MJX Asset Management returned to the CLO primary market yesterday with its first new issue deal in five months

Triple B fightback has begun, says BNP Paribas
Fallen angel risk – the possibility that a wave of triple B credits could be cut by rating agencies to sub-investment grade – should begin to decline, according to strategists at BNP Paribas

Seix returns to CLO market with double step-up tranche in two-year deal
Seix Investment Advisors yesterday priced its first new issue CLO since 2017, according to market sources

Octagon CLO pricing points to tightening mezz tranches
Octagon Credit Investors priced its second CLO transaction of the year yesterday and its first new issue, Octagon Investment Partners 40