CLO pipeline: break's over - time to print deals
The CLO market has taken a slight pause after the independence holiday in the US last weekend, meaning the CLO pipeline includes a backlog

CIFC and RBC plan first new CLO partnership for over five and a half years
CIFC is marketing CIFC Funding 2020-II, the firm's second new CLO since the coronavirus pandemic began, and is working with RBC to arrange the deal

Elmwood completes second new CLO of 2020 with $392.4 million deal
Elmwood Asset Management, the CLO manager owned by Elliot Management, has priced its second CLO of 2020 and its first following the coronavirus outbreak

BlueBay pushes into US CLOs after taking on RBC's management business
BlueBay Asset Management has taken on the CLO management business of its parent company RBC, the firm announced today

Zais returns to CLO primary market with one-year deal
Zais Group has made its CLO primary market return, teaming up with RBC to price a 1.12-year reinvestment deal via RBC

RBC gets dressed for distress as it targets credit auctions
Royal Bank of Canada has emerged as a new entrant in the world of credit event auction bidding, a move that chimes with the bank’s recent push into distressed credit trading and suggests it sees a strong line of CDS settlement business in the coming months

RBC makes it three CDS auctions in a row after debuting this month
Morgan Stanley and Royal Bank of Canada have been added to the list of participating bidders this week for credit event auctions to settle CDS referencing Ecuador and Diamond Offshore Drilling

Zais teams up with RBC for US CLO
Zais Group is working with Royal Bank of Canada on a forthcoming US CLO, with market sources indicating the senior notes are being guided at 250 basis points

Spreads tighten as HPS adds to 2017-vintage CLO refis
Short CLO spreads tightened today as HPS Investment Partners refinanced a 2017 deal with the triple As printing at 103 basis points over Libor

BTIG hires strategist to cover US and European financials
Nandana Shenoy has joined BTIG in New York to work as a strategist covering US and European financials, according to an announcement by the brokerage

First AMR auction passes smoothly with all bonds trading
The first applicable margin reset (AMR) auction took place between 8am and 10am eastern time yesterday to refinance TCW CLO 2019-1, with all five tranches clearing successfully

CBAM plans expansion with new $60 million credit facility
CBAM has closed a $60 million credit facility to refinance a working capital facility to its parent company Eldridge Industries

Diverging views emerge over performance of ESG investing, RBC survey reveals
Investors which incorporate ESG principles are convinced it adds value, but those who do not are more uncertain, according to a survey by RBC Global Asset Management 

CVC teams up with RBC for reset and upsize of 2012 CLO
CVC Credit Partners came to market yesterday with a short reset of its 2012 vintage deal Apidos XI

Mid market CLO league tables: Barclays makes entrance as AB picks up the pace
Barclays was involved in its first ever middle market CLO, as July marked the first month of 2019 that Natixis did not arrange a mid market CLO this year.

PGIM prices new issue CLO via RBC as triple A spreads tighten
PGIM yesterday priced its seventh CLO transaction of the year, teaming up with RBC to issue Dryden 68

Eaton Vance hires loan trader in Boston
Eaton Vance Management has hired a loan trader from the sell side  

Steele Creek teams up with RBC for new issue CLO
Steele Creek Investment Management priced a new issue CLO today, partnering with RBC for the first time

Nassau lures bank's CLO origination head as it adds investment arm to manager business
Nassau Re has poached a bank's head of CLO syndicate and origination as it launches a CLO equity and debt investment platform

Allstate secures 123bp triple A print on second US CLO of 2018
Allstate Investment Management Company (AIMCO) has issued its second CLO of the year, placing the deal via RBC

Lifelong CLO trader joins Nomura as head of US CLO origination
One of the most experienced names in US CLO trading has joined Nomura to lead its new issue business, sources say

RBC prices $509 million risk retention-compliant CLO for MJX
MJX Asset Management has priced more than $5 billion worth of CLO paper in 2018 following the launch of Venture 34 yesterday. The US deal is expected to comply with European risk retention rules

Whitehorse comes galloping back into CLO new issue market
Whitehorse Capital Management is back in the CLO primary issuance market following a $458.1 million transaction arranged by RBC

Head of CLO trading parts company with RBC
A well-known CLO trader has left RBC, where he is credited with helping to build the bank's secondary CLO business

Fresh-faced US CLO manager doubles AUM with latest new issue
A new CLO manager teamed up with RBC to price a new issue CLO on Friday, bringing its AUM up to $897.65 million