Fitch takes action on 29 European CLO tranches
Fitch Ratings took action on 29 European CLO tranches yesterday, placing the majority of these on rating watch negative

Invesco suffers Moody's downgrade after struggling to delever balance sheet
Moody's has downgraded Invesco Ltd from A2 to A3 citing the "challenges Invesco has faced delevering its balance sheet following the acquisition of Oppenheimer Funds", the rating agency said in a notice

Benchmark European 2020 CLO trades 11 points down in secondary
A senior European CLO investor has flipped €21.9 million worth of notes onto the secondary market, selling eight of nine line items via a b-wic, sources say. Meanwhile, US CLO trading switched from being investment grade focused over the last month to being centred on below IG tranches yesterday: IG volumes reached $574 million versus $926 million for lower rated tranches

Euro CLO league tables: Carlyle doubles down in February as 2019's leaders look on
Carlyle Group has jumped to the top of the European CLO manager league tables after bringing two deals to the market in February

Invesco sets new benchmark in European CLO market
Invesco priced Europe’s sixth new issue CLO of the year on Friday, according to market sources. Invesco Euro IV pays 93bp over Euribor on its triple As, the tightest print of any European CLO with four or more years of reinvestment  

CLO pipeline: make some noise for repricings
CLOs may be a bit late to the spread-tightening party, but a hoard of CLO repricings is aiming to make up for it by sheer volume

Invesco is first manager to refinance late 2017 CLO
Invesco yesterday became the first CLO manager to refinance a deal that priced in the second half of 2017, according to market sources

Private credit specialist hires Wells Fargo for first CLO after poaching Invesco PM
A $20 billion asset manager is working with Wells Fargo on its first CLO. The manager is well versed in mid market loans, but its first CLO will be backed by syndicated loans

Deluxe decline leaves CLOs feeling deflated

Single B spreads tighten dramatically as Invesco prices third euro CLO
Invesco yesterday brought its third CLO new issue to market via Barclays, according to market sources

Invesco prices largest new CLO in three years
Invesco returned to the CLO primary market yesterday to issue its largest new money transaction in three years, according to market sources

Barclays markets two new issue CLOs in Europe
Barclays is marketing the latest European CLOs for Invesco and Anchorage Capital Group, according to market sources

Invesco refinances 2016 CLO and moves to floating rate-only liability structure
Credit Suisse collapses fixed into floating tranches

Euro CLO league tables: May’s refinancings fall just shy of €1 billion
European CLO monthly issuance has stayed roughly level since February what has differed recently though is the volumes of all forms of refinancings.

Euro CLO round-up: after three-year hiatus, two Apollo/Redding Ridge CLOs come along at once
The Japanese bid for CLO triple A notes is taking a break for at least a few weeks, according to market sources, effectively removing a key contributor to the benchmark levels set this year. 

Invesco returns to market with its second 2.0 European CLO
Invesco has priced its second euro CLO after entering the European market in November last year, according to market sources

Market goes green with envy at Invesco's tight Verde CLO print
Invesco marked its return to the CLO primary market on Friday with a $506.44 million new issue named Verde CLO

US CLO round-up: Golub orbits curve as managers double up
A breakthrough regarding Japanese risk retention rules ended last week on a high note for CLOs as the Japan Financial Services Agency has announed that CLOs can sit outside the remits of its securitisation regulations

List of debut managers in Europe grows as Invesco crosses the ocean
Invesco has added its name to the list of US CLO managers crossing the Altantic after launching its first 2.0 deal in the European market

Invesco resets 2016 CLO via risk retention fund
Invesco priced a $410.05 million reset of 2016’s Annisa CLO on Friday

Invesco prices second new issue CLO of the month
Invesco’s new issue CLO volumes for the month passed $1 billion yesterday as the manager priced a second deal 

CLO b-wic line-up: $97.5 million of amortising triple As go on sale
$396.1 million worth of notes are up for grabs today in the US secondary CLO market

CLO b-wic line-up: control equity in Investcorp euro deal goes under the hammer again
An investor is looking to sell a control equity position in Investcorp Credit Management’s 2015 European deal, Harvest XI

US CLO round-up: managers find short-dated resets are the way to go
Short-dated resets are popular right now - as are single B tranches

Invesco prices triple As at 108bp in new US CLO
Invesco produced a new US CLO yesterday via Morgan Stanley, according to market sources