Eight bidders line up for Lebanon CDS auction as Morgan Stanley joins
Tomorrow's auction to settle Lebanon sovereign CDS will have eight participating bidders, after the Determinations Committee voted to add Morgan Stanley to the list

Partners markets US CLO as it aims to become second transatlantic issuer of 2020
Partners Group is on course to become the second CLO manager this year to price new issue deals on either side of the Atlantic

CSAM sees sun after nine years in shade

Sound Point adds third new CLO in first 10 months of European issuance
Sound Point Capital Management is keeping up the pace on its European CLO platform with its third new issue since its launch in April last year

Sound Point's breakneck pace of CLO issuance continues with third euro deal
Sound Point Capital Management has hit the ground running in Europe and has one of the fastest rates of issuance on the continent, with sources saying the manager is premarketing its third new issue CLO there

CLO 2020 outlook: lower volumes predicted, but it’s not all bad news
US CLO issuance is expected to drop by roughly 20% next year, according to bank research desks. This comes after a solid 2019 in which $101 billion of new US CLOs have priced through 92 managers, as Creditflux goes to press

CSO arrangers look to build on $65bn of issuance in 2019
The synthetic bespoke tranche market this year has fallen short of expectations in terms of overall issuance volume, but ends with transformative inroads being made.

Oak Hill prices first CLO transaction in Europe this year with refi
Oak Hill Advisors on Friday priced its first 2019 CLO transaction in Europe, teaming up with Morgan Stanley to refinance the triple A notes of Oak Hill European Partners V

Wings of the structure fly in opposite directions as Alcentra prices European CLO
Alcentra has priced its latest new issue CLO in Europe, and its second issue of 2019 on the continent

Five Arrows matches Europe's tightest CLO spread with latest new issue
Five Arrows yesterday returned to the European CLO market with its first transaction of the year, matching Axa Investment Managers for the tightest new issue print

‘Ex’ index trades take off as dispersion peaks
A gap is yawning between how the weakest constituents of CDX HY and iTraxx Crossover trade versus their broader portfolios, leading investors to find new ways to hedge and capture idiosyncratic risk.

Galapagos CDS auction looms with Morgan Stanley added to participating bidders
A credit event auction tomorrow to settle Galapagos Holdings CDS will have 10 participating bidders, with Morgan Stanley having been approved by other dealers to take part

Chenavari double debt tranche CLO warehouse reduces up-front cash call
Chenavari Investment Managers used a novel approach to warehousing its last European CLO, according to market sources. The firm priced Toro European CLO 6 on 12 July via Morgan Stanley, with sources indicating that the warehouse facility behind the deal had two debt tranches. 

Man GLG prices partial CLO refi as Europe's managers keep original double As
GLG Partners yesterday partially refinanced its 2016 CLO named Man GLG Euro CLO II

Morgan Stanley becomes third bank in four months to join CDSClear
Morgan Stanley has signed up as a member of CDSClear at LCH SA

Chenavari prices new issue CLO with triple As at Euribor plus 114bp
Chenavari Credit Partners priced a new issue CLO on Friday known as Toro European CLO 6, marking its first new issuance to come to market via Morgan Stanley

GoldenTree prices new issue European CLO as continental volumes pass €2 billion
GoldenTree Loan Management priced its latest European CLO offering yesterday as July new issue volumes on the continent passed the €2 billion mark

Chenavari changes tack and chooses vertical risk retention in first CLO for 17 months
Chenavari Investment Managers is set to end its near 17-month absence from the CLO primary market

Rallye CDS auction to have 10 dealers and six deliverables
10 dealers will take part in an auction next week to settle CDS contracts referencing Rallye, after the Determinations Committee voted to add Morgan Stanley as a participating bidder

CLO pipeline: deal flow picks up as Amherst and SocGen work on mandates
This week’s CLO pipeline looks very healthy in the US broadly syndicated loans CLO market with Amherst Pierpont and Societe Generale among the firms working on mandates

BlackRock becomes fifth European CLO manager to refinance
BlackRock today became the latest European CLO manager to join the budding refinancing wave, having teamed up with Morgan Stanley to reprice the debt liabilities of BlackRock European CLO II

Euro CLO round-up: benchmark ruffles up, but junior tranches sit tight
CLO triple A benchmark levels underwent a shake-up last week as Credit Suisse Asset Management and HPS Investment Partners brought deals to the market with first-pay tranches printing above the recent benchmark of 108.5 basis points

HPS prints triple As at 111bp in latest European new issue CLO
HPS Investment Management has priced a new CLO in Europe named Aqueduct EUR CLO 4, with triple As printing at 111 basis points over Euribor

114bp is syndicated benchmark for triple As in Europe as Och-Ziff prices CLO
Och-Ziff Loan Management priced a new issue euro CLO yesterday, according to market sources

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