Euro loan trading: CLO managers find a home for building specialist's downsized loan
CRH Europe issued a €700 million term loan B in November, which was downsized from €900 million. But still, it has proved popular with CLO managers with CLO-i indicating that CLOs bought €275.2 million of the loan

Global CLO round-up: Europe mops up demand, as Euribor hits the floor
The final stretch of the year began with a bang, with the first week of Q4 bringing $3.3 billion of CLO issuance in the US and €1.2 billion in Europe. But the resurgence in volumes was not the only talking point last week, with Europe coming into focus as spreads surfed tighter

AMMC returns to CLO primary market after 11-month hiatus
American Money Management Corporation yesterday became the 115^th active CLO manager in 2019 after pricing its first transaction since November last year

PineBridge refi shows steep term curve in European CLO market
PineBridge Investments has refinanced its 2016 vintage CLO named Euro Galaxy V, according to market sources

CLO investor looks to offload US and European anchor equity positions
There are two controlling CLO equity stakes up for sale today with a 2017 European deal and a reissued US transaction going under the hammer

Rallye CDS auction price drops to 12.5 cents on unmatched sell requests
Rallye's credit event auction to settle CDS contracts produced a final price of 12.5 cents today, lower than the initial price set in the first round this morning of 14.975

Rallye CDS set for high pay-out with credit event auction underway
Rallye CDS looks set for a high pay-out to protection buyers after a credit event auction today to settle the contracts produced an inside market midpoint of 14.875 cents, slightly below where the retailer’s bonds have been quoted

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

Rallye CDS auction date set with three initial deliverables
A credit event auction to settle CDS referencing Rallye, the parent of French supermarket chain Casino, will take place on 27 June, with the Determinations Committee having agreed an initial list of three deliverable obligations

113bp and 140bp are spreads to beat as Neuberger Berman prices CLO reset
Neuberger Berman has priced its second market-beating CLO transaction in the space of a month by resetting a 2016 deal straight out of its non-call period

Barings prints triple As at 112.69bp following 2016 era CLO reset
Barings teamed up with Morgan Stanley to price its ninth CLO transaction of the year yesterday

Natixis goes coast to coast pricing two middle market CLO resets
Natixis made a $771.26 million stamp on the middle-market CLO space yesterday, resetting two 2015 vintage transactions for Ivy Hill Asset Management and Fortress Investment Group

US CLO round-up: market springs into life with non-risk retention compliant deals
US CLO risk retention is on the verge of being abolished (the 5% rule is set to be officially scrapped on 11 May) and the market seems to have made itself comfortable with ‘springing’ vertical strips

ICG resets previously-refinanced 2014 CLO
Intermediate Capital Group has taken the new issue-refi-reset route with a 2014 US CLO after working with Morgan Stanley to compete the third leg of that process yesterday.

Price talk circulates on forthcoming Spire CLO
The manager is planning to launch its fourth CLO later this week via Citi

BlueMountain plans first CLO transaction of 2018
BlueMountain Fuji Management is preparing to price its first CLO transaction of the year within two weeks, according to market sources

Ares makes dramatic return to European CLOs with tightest ever triple A print
Ares Management has priced its first new CLO in Europe since December 2016, according to market sources

Ares plans to launch first new European CLO since 2016
Ares Management is preparing to issue its first new CLO in Europe since December 2016, market sources say

HPS prepares to price its second European CLO
HPS investment Partners is finalising its second European CLO transaction

US CLO manager to put CMOA to work as it returns to primary market
A three-deal CLO manager is planning its first CLO in over two years after hiring Jefferies

Natixis wraps up busy week to price $610 million CLO for new client
Natixis has priced a new CLO for a large US manager, which has typically rotated between BAML and Citi for its CLO issuance

King Street becomes first debut US CLO manager of the year
Hedge fund manager King Street Capital Management has debuted as a CLO manager with the firm pricing a $507 million deal

Voya shaves 6bp off funding costs with reset of 2012 CLO
Voya Alternative Asset Management has priced a reset of its 2012 CLO, Voya 2012-4

Making sense of brexit and credit
The UK’s vote to walk out of the European Union in June topped last month’s agenda for credit research and commentary. Views were divided about its impact on credit.

US CLO market inches past $2 billion as CSAM hits the market
Credit Suisse Asset Management priced the US CLO market's fifth deal of 2016 yesterday, taking year-to-date issuance past $2 billion