AGL and Blue Owl issue new US CLOs
As issuance slows for the year, the managers priced deals via BNP Paribas and Bank of America

Interest in BB CLOs could decline despite outperformance – BofA
Cumulative returns for CLO double Bs have exceeded even CLO equity over the last five years and over a 10-year time frame

Bank of America Research projects record year for US CLO issuance
The bank forecasts some USD 600bn in deals expected to hit the market, more than 19% ahead of this year’s issuance total, while it also sees at least eight debut managers coming to market in the US in 2026

European CLO IG returns reach 3.2% in the YTD - BofA
CLO triple As have returned 3.2% in the year to date, representing the third best year for the segment in the CLO 2.0 market

MidCap prints rare static mid-market CLO
The middle market specialist issued the half-billion-dollar new issue via Bank of America

BlackRock rockets up after HPS buyout
After its acquisition of HPS, BlackRock has risen from 18th place to seventh in the US BSL AUM table. The highest-profile faller is UBS, which dropped out of the top 10. It was top in 2024

2025 debut managers Polen and Garnet price latest CLOs
Polen priced its second offering, while Garnet printed its fourth CLO in six months worth more than a half-billion dollars  

Trio of new US CLOs worth USD 1.6bn price from CIFC, UBS and TCW
CIFC’s print equalled the current triple A tight of SOFR plus 119bps, while UBS’s Madison Park Funding LXXV and TCW CLO 2025-2 issued their equivalent paper at 121bps and 124bps over the base rate

GoldenTree matches Oak Hill Advisors with sub-120bp US print
The manager has priced its latest new US CLO as an upsized USD 753m issue, with the deal unusually employing three arranger banks – Wells Fargo, Bank of America and Morgan Stanley

Onex matches short-dated US BSL tight with new Aegis CLO
The manager printed its latest short-dated US CLO, OCP Aegis CLO 2025-47, in a USD 409.2m transaction via Bank of America on Monday

New European Blackstone CLO prices at 127bps
The manager’s latest European deal, Stannaway Park CLO, showed some evidence of weakening demand in the lower mezz, with its double Bs issuing at 540bps over the base rate

M&G prices its second CLO of 2025
Margay CLO IV was M&G’s fourth transaction since it returned to CLO issuance last year

Blackstone markets new Euro CLO with AAAs at 127bps, mezz outside recent tights
The triple As are just outside the new tight set last week by KKR's Avoca CLO XXXIV, but guidance for the mezz suggests some market widening

Euro AAAs tighten to mid-120s with new KKR issue
Avoca CLO XXXIV lowered the existing market tight by two bps, to Euribor plus 126bps

Invesco prices half-billion-dollar new US issue
The senior triple As priced at SOFR plus 122bps, around two bps inside the average spread for US BSL new issues over the past two weeks

‘This is probably going to stimulate some interest for triple As’
The European securitisation market has come under new regulatory scrutiny this year, with a series of rules being published which have shifted manager obligations. Alexander Batchvarov, managing director, Bank of America Merrill Lynch, explains what this all means for CLO managers

Arini underlines aggressive US issuance schedule with third US CLO in seven months
Arini US CLO III priced on Tuesday as a USD 403.65m transaction via Bank of America, following on from the manager’s initial US print in April and its second deal in July

BDC stock sell off could impact CLO BBs – BofA

BofA Securities warned of the possibility of a tactical sell off in CLO BBs in response to the BDC stock sell off

HPS resets, upsizes private credit CLO
The debt tranches in the deal were upsized by USD 255m, to a total of USD 578m, in an issue arranged by Bank of America

Golub sets new mid-market tight with new issue
The manager's latest new mid-market CLO has priced at the tightest level for such deals since mid-March

Bank of America ups forecast for European CLO issuance for 2025
Bank of America research has revised upwards its estimates for 2025 Euro CLO gross issuance in light of strong YTD numbers and the expectation of continued market strength

GoldenTree and Apollo set new mid-mezz tights with latest Euro deals
A new GoldenTree issue priced its single A paper at Euribor plus 200bps, while Apollo lowered the benchmark for triple Bs with a reset of its first European CLO

KKR, Warwick print 2023-vintage US resets
Both deals issued their triple As at SOFR plus 128bps

Starwood’s latest infra CLO issues via five arrangers
Jefferies led the cohort of five banks that worked on the deal, the manager’s second of 2025

Palmer Square and Carlyle print latest resets
Palmer Square and Caryle priced US BSL resets to round out last week, with the deals together totalling just under USD 860m