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Euro CLO league tables: PGIM and Jefferies lead as Euribor caps come back in fashion
3 years ago
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 -
US CLO league tables: Blackstone gets back to business as it rises to the top
3 years ago
Blackstone is no longer the largest CLO manager globally (it lost that title in March). But it is the most prolific issuer in 2022 -
US CLO league tables: BofA marches on as Elmwood climbs to top in new issues
3 years ago
Last month, for the first time since June 2020, no resets or refinancings priced in the US CLO market as market volatility took repricings out of the money. This meant a month-on-month decline of $13.4 billion in overall issuance, but new issuance was still healthy with $11.6 billion pricing in March -
Euro CLO league tables: Jefferies takes huge lead as managers bunch up
3 years ago
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 -
GoldenTree adds single B tranche to new CLO for first time since February
3 years ago
GoldenTree Loan Management priced a new CLO on Thursday, becoming the first manager to include a single B-rated liability tranche since before the Ukraine invasion -
Market whipsaw sends indices and their constituents in opposite directions
3 years ago
The speed and violence of the credit market's oscillation is causing disruption in index skews, with constituent single names struggling to adjust quickly enough against deepening macro volatlity -
European credit rallies in stark discord with deepening Ukraine crisis
3 years ago
Cognitive dissonance looks to be afoot in the credit market on Wednesday, with indices rallying for a second day even as Russian and Ukrainian spreads move to new wides -
French co rattles investors on micro level as Russia overclouds macro
3 years ago
After a cautious opening, investors in the European credit market have resumed hedging as western leaders continue to talk up the prospect of Russia invading Ukraine and the Kremlin has dismissed hopes of a Biden-Putin summit as premature -
Lev loan index rule change proposed to meet Sofr switch
3 years ago
Leveraged loan index stakeholders are being asked for feedback on a proposal that would allow the inclusion of loans linked to Sofr and scrap a minimum spread rule -
Ares prints tight new CLO at $607.5 million
3 years ago
Ares Management on Thursday priced the largest US CLO of the month so far, teaming up with Goldman Sachs to issue Ares LXII at $607.5 million -
Nuveen and Sixth Street turn CLO reset attention to older deals
3 years ago
Nuveen and Sixth Street both reset an older vintage CLO on Friday, with the two managers reworking $850 million worth of legacy transactions -
Fitch places 102 US CLO tranches under 'observation' following methodology changes
3 years ago
Fitch Ratings says it has placed 102 tranches issued by 43 US CLOs and 13 tranches by seven Trups CDOs under criteria observation, following the update to its CLO and corporate CDO rating criteria earlier this month -
Euro CLO league tables: deal flurry takes Barclays and CVC to the top
3 years ago
The European CLO market machine swatted away any suggestion of a summer slowdown in August with €6.74 billion of issuance coming to market -
Carlyle passes $4 billion in yearly issuance with record eighth new US CLO
3 years ago
Carlyle Group's 2021 CLO issuance has reached $4.3 billion after the firm priced a record eighth new US CLO of the year on Tuesday -
CLO pipeline: Carlyle unstoppable as PGIM looks to tighten double As
3 years ago
The CLO machine is refusing to slowdown, churning out deals as the US market is set to welcome a flurry of deals in the coming weeks – with 18 new issues, 14 resets and 10 refinancings in the marketing stage. -
Euro CLO league tables: Blackstone back on top while Jefferies extends lead as focus turns to new issues
3 years ago
2021 European CLO issuance crossed €60 billion in July, which is more than the 22 months that preceded this year -
Euro CLO league tables: cramming a year's worth of work in two months
4 years ago
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 -
Travel company CDS soars wider as bond issue converts to concern
4 years ago
TUI, the Anglo-German travel operator, is under pressure in credit and equity markets just it has launched an offering of convertible bonds -
Weekly refi volume passes $5 billion as five CLOs price
4 years ago
Another $2.06 billion of CLO refinancings priced in the US on Friday, bringing the weekly total to over $5 billion -
Euro CLO league tables: Refi return spurs European CLOs towards record volumes
4 years ago
A record shattering month as refi wave continues -
KKR pushes for nearly five-year reinvestment as Redding Ridge resets €554 million CLO
4 years ago
The European CLO reset wave is proceeding apace with KKR and Redding Ridge pricing deals on Tuesday -
Triple As could fall to 80bp as Spire markets new issue Euro CLO
4 years ago
Spire is marketing its latest new issue European CLO, named Aurium CLO VII -
Oak Hill pairs with Citi on first new issue European CLO since 2018
4 years ago
Oak Hill Advisors has printed its first new issue European CLO in over two years and its first primary CLO transaction in Europe since a refinancing in 2019 -
US CLO league tables: deja vu as static CLO gets primary market moving
4 years ago
It's deja vu all over again with a static CLO opening the primary market for the third consecutive year -
Euro CLO league tables: Europe sees a refi-val in repricing
4 years ago
Older deals get a fresh start in the new year
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