CLO rankings: manager AUM, advisory firm and trustees Q1 2023
Two acquisitions close to shake up the top and Dechert takes early lead over Milbank in manager counsel rankings

US CLO league tables: BofA takes CLO lead as new issues keep calm and carry on
US CLO issuance dropped last month as the banking crisis gripped financial markets when Silicon Valley Bank and Signature Bank failed and troubled Credit Suisse was sold for below market value

Global CLO league tables - April 2023 YTD
Global CLO league tables - April 2023 YTD

US CLO league tables: JP Morgan knocks BofA off top spot and Invesco displaces Palmer Square

28 US CLO managers braved the waters in February and between them, they brought over $12 billion of new issuance to market. This takes the manager base this year to 39 already

Global CLO league tables - February 2023 YTD
Global CLO league tables - February 2023 YTD

Invesco tightens triple As by 20bp in a month as it prices five-year CLO
Invesco priced its second CLO of the year on Wednesday, bringing its triple A print over 20 basis points tighter since its previous transaction from January

The rise and rise of CLO ETFs
A couple of years ago, the prospect of billions of dollars being invested in CLOs through exchange-traded funds would have seemed far-fetched. But a crop of CLO ETFs have popped up, demonstrating that liquidity is no longer an issue

Invesco and BNP smash Euro CLO benchmark with 165bp triple A print
The European CLO triple A benchmark this year has dropped to 165 basis points over Euribor, 20bp inside deals earlier this year

Invesco tests 165bp for European CLO triple As
Invesco is testing the European CLO market with triple As at 165 basis points over Euribor, almost 20bp inside the latest three deals 

US CLO league tables: It’s déjà vu all over again
It ain’t over, til it’s over but if last year is anything to go by, Citi and Bank of America look set to tussle it out for top spot in the league tables once again

Points up front: IG liquidity never tasted so good – cheers everyone!
If you’re an investment grade credit buyer then high-quality liquid assets are the name of the game, including whiskey

Invesco prints $600 million CLO via MUFG
Invesco priced its fifth largest new deal in its history of CLO issuance on Thursday, teaming with MUFG to place the $596.15 million deal named Invesco CLO 2023-1

US CLO pipeline: Triple A dispersion coming to fore as Palmer Square aims to open market again
The US CLO market is set to reopen with five managers in various stages of marketing new issue CLOs, according to sources

US manager becomes latest to register triple A CLO ETF
The manager joins the likes of BlackRock, PineBridge and VanEck, Janus Henderson and AXS to use exchange traded funds to invest in CLO tranches

Investors scoop up €228 million of senior European CLOs after record b-wic
Record European CLO secondary volume has been easily digested, with a large $228.2 million b-wic on Tuesday providing a prime example

Beneath the triple C: US CLOs take a dip in the triple C as Europe watches from the sun lounger
The US CLO market bore the brunt of downgrades to triple C in July and August, with a total of $6.22 billion of paper affected. European CLOs enjoyed a more relaxing summer holiday, with only 1 name representing €33.88 million worth of bonds downgraded to triple C.  

CLO senior triple As stay inside 200bp as Invesco prints US new issue
Invesco priced a new CLO on Tuesday with the deal's senior triple A notes yielding Sofr plus 199 basis points

US CLO pipeline: What takes your fancy? Three years, four years or the full five, we’ve got it all
If you’re looking to invest in a reinvesting CLO, then you have your choice of length as the US CLO pipeline begins to fill with five more forthcomings join four holdovers

CLO equity arb gets squeezed but investors eye recovery swing
The CLO equity arbitrage endured a wildly volatile first half of 2022, but observers say the time could be right to buy into the asset class

Invesco holds final closed for distressed fund at $644 million
Invesco has made a final close of its global distressed credit and special sitiations fund known as Invesco Credit Partners Fund II

Pimco loan ETF finds good entry point for deployment
Pimco’s loan ETF, launched earlier this month appears well positioned to capitalise on the volatility that has hit the loan market in the last two weeks

Euro CLO league tables: short on deals but high on drama as new issuance race tightens up
For the second straight month, European CLO volume was below €2 billion, making it the first time there has been back-to-back months of less than €2 billion issued since November and December 2020

CLOs at a glance (June 2022)
A listing of CLOs that have priced in the last month
 
   

Invesco installs turbo single B tranche in European CLO new issue
Turbo tranches have returned to the European CLO market with Invesco using the mechanism attached to the single B-rated tranche in its latest new issue

Invesco matches PGIM and Ares US CLO triple As at 144bp
Invesco priced its second new issue CLO this year yesterday, according to market sources as it paired with Morgan Stanley to print Invesco 2022-2