Barclays' CLO structuring head departs for buy-side role
The head of CLO structuring at Barclays is leaving the bank to join a top 10 CLO manager in New York

Octagon notches up fifth US CLO of 2021 in deal mirroring April levels
Octagon Credit Investors has produced it fifth US CLO of the year in a $508.6 million deal arranged by Bank of America. The CLO priced closest to the New York-based manager's April CLO 

CLO pipeline: Man GLG resurfaces from six-year absence as deals exiting call-lock fill pipeline
CLO spreads have leaked out in recent weeks but deal economics are still favourable, encouraging managers to come back to the primary market for the first time this year

Alcentra and Octagon each reset 2019 CLOs
Alcentra and Octagon Credit Investors each reset a 2019 CLO on Thursday, with the two transactions totalling $861.3 million

Global CLO trading lab: quality and optionality shine as 2020 and 2019 mezz trades up
The primary and secondary CLO markets are moving in tandem with both markets drifting wider amid a wealth of supply

Octagon brings fourth new CLO of 2021
Octagon Credit Investors teamed up with Morgan Stanley on Monday to print its fourth new CLO of 2021, bringing its new issue volume this year to $2.1 billion

Global CLO trading lab: Octagon CLO comes out top in CLO double B spike
Double B-rated bonds made up 40% of the European and US CLO secondary markets last week. $222 million of US CLO double B bonds were on sale and a further €105 million of European CLO double B items were listed

Octagon joins ranks of post-covid CLO resetters
Octagon Credit Investors has joined the exclusive group of managers to reset a CLO priced post-covid. The firm teamed up with Citi to rework Octagon Investment Partners 47

Global CLO league tables - April 2021 YTD
Global CLO league tables - April 2021 YTD

Credit Rendezvous: ready and waiting
In Creditflux's quarterly review of credit, portfolio managers tell us that Inflation is likely to nudge higher but they are optimistic because dispersion will pick up and windows of volatility will emerge, rather than elongated phases of stress 

Octagon and RBC unite for first new CLO as partnership
Octagon Credit Investors has teamed up with Royal Bank of Canada to issue the pair's first ever new CLO as a partnership

CLOs wheel and deal as overlap increases
2020 CLOs are a different breed to any other vintage. But this cohort features an overlap of almost 40% as CLO issuers have been forced to focus almost entirely on secondary market loans

CLO pipeline: expensive 2019 CLOs in vogue with 32bp savings potential
The CLO pipeline is dominated by refinancings and resets, with new issuance taking a backseat

CLO torrent adds $1.5 billion in US refis
The CLO refinancing boom has added another $1.5 billion to deal volume, with Intermediate Capital Group, Octagon Credit Investors, Sound Point Capital Management and Vibrant Capital Partners adding their names to the list of CLO refinanciers

Octagon forgoes EU risk retention compliance with latest US CLO
Octagon Credit Investors teamed up with Wells Fargo on Friday to print its second new issue CLO of 2021

Octagon cuts 2012 CLO's funding costs by 22.89bp in refi
Octagon Investment Partners has shaved 22.9 basis points off the funding costs of its oldest active CLO in a $612.7 million refinancing transaction arranged by Credit Suisse

US CLO league tables: deja vu as static CLO gets primary market moving
It's deja vu all over again with a static CLO opening the primary market for the third consecutive year

Octagon prices new CLO with mezz and junior tranches not offered
Octagon Credit Investors has priced a new CLO via Bank of America with lower-rated debt not offered to investors

Global CLO b-wic round-up: US lower mezz trades strong, but European piece softens
CLO investors have had no chance to catch their breath after a historic 2020 as US CLO secondary volume reached $3.3 billion and European secondary listings topped €1 billion in January

US and European control CLO positions land in secondary market
The first control equity positions of 2021 for the European and US CLO markets were listed in the secondary market on Thursday

Octagon becomes first US manager to complete three 2021 CLO refis
Octagon Credit Investors paired with Citi for another CLO refinancing

Three transactions take 2021 CLO refi volumes over $3.5 billion
Another three CLO refinancing transactions priced in the US on Friday, bringing the total volume across refis, resets and reissues in 2021 up to $3.58 billion

Octagon kicks of 2021 CLO primary with single tranche refi
Octagon Credit Investors has kicked off the CLO primary market for 2021 by refinancing the fixed rate notes of one of its oldest active CLOs, Octagon Investment Partners XV

2020 wrap: CLO funds bloom despite rocky ground
2020 was a busy year for CLO fundraising, with Creditflux recording at least 30 funds that launched over the 12 months to invest across the CLO capital structure

CLO issuers flex their bond muscles
Some panellists at Creditflux’s US CLO Investor Summit pointed to structural difficulties, but the consensus was that flexibility — particularly the ability to buy bonds — could improve performance