CLO pipeline: LCM switches arranger to complete deal and join issuance surge
Over $3.5 billion of global CLO issuance priced last week and managers in all three CLO markets are taking advantage of tightening spreads across the capital structure after three major covid-19 vaccine breakthroughs and increased confidence since the US presidential election

Hayfin pairs with Goldman for second European CLO in four months
Hayfin Capital Management has priced its latest European CLO, Hayfin Emerald CLO V, via Goldman Sachs. The €345.6 million transaction comes just three months after the pair worked together to print Hayfin Emerald CLO IV

CLO pipeline: fixed income giants plan debut 2.0s with Morgan Stanley
Two large fixed income managers are pre-marketing debut 2.0 CLOs

Hayfin readies second new European CLO with Goldman Sachs in three months
Hayfin Capital Management is preparing to price its second CLO via Goldman Sachs in the space of three months

Global CLO b-wic round-up: CLO mezz tranches widen amid macro concerns
Last week was busy for the primary European CLO market but not for secondary, with €1.35 billion of new issue European CLOs priced across four transactions but just €190 million of European CLO paper listed in b-wics

Hayfin hires former Barings official to new head of fund finance role
 The new job reflects the growing number of financings Hayfin handles, sources say

Hayfin broadens scope of structured credit business
Hayfin Capital Management’s new-look structured credit team in New York is taking its existing CLO-centric platform and diversifying it to include CMBS, RMBS and other forms of ABS, say officials at the firm

Euro CLO league tables: Apollo blasts its way to top spot
July marked the largest month of European CLO issuance since coronavirus pandemic-induced volatility hit financial markets

Hayfin prints Euro CLO with fixed-to-floating tranches
Hayfin Capital Management has printed its first European CLO of 2020, after amending the capital structure to include two fixed-to-floating tranches

Hayfin revises structure for upcoming CLO with fixed-to-floating tranches
Hayfin Capital Management has amended the capital structure on its new upcoming €343.6 million European CLO to include an unusual feature

Creditflux announces finalists for Manager of the Year award
Ahead of the virtual awards ceremony on 15 July Creditflux is thrilled to announce the four finalists for the prestigious Manager of the Year category.

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

Hayfin features single B tranche in short-dated euro CLO
Hayfin Capital Management is marketing its first European CLO deal, which includes a €7 million single B-rated note 

Hayfin brings in structured credit big hitters in New York
Hayfin Capital Management has bolstered its structured credit division in New York

Fund manager hires Hayfin's structured credit head and launches CLO fund
An experienced CLO and structured credit fund manager has hired from Hayfin Capital Management as it targets $300 million for a CLO fund

Global CLO b-wic round-up: CLO triple As recover but mezz left behind
The CLO secondary market was a tale of two halves last week. 100% of all bonds listed in b-wics on Monday and Tuesday had no covers released (either traded or did not trade), but the end of the week was a different story for both markets

Hayfin prices new CLO as European 2.0 volumes break monthly record
Europe’s CLO volumes reached a post-crisis monthly record on Friday as Hayfin Capital Management priced its latest new issue bringing July volumes to €5.21 billion

Managers slide down term curve
PGIM and Voya were among managers issuing short dated deals in the first quarter. These CLOs, along with a surge in b-wics, kept up the supply of short dated paper as refinancings fell away

BNP Paribas lands double punch with two CLOs in a day
BNP Paribas made a $1.11 billion splash in the US CLO market on Friday, pricing two new issue CLOs. 

CLOs at a glance
Managers focus on AUM building via new issues

Euro CLO round-up: managers make equity work with innovative structures
Equity arbitrage has been under pressure but managers are braving the market and getting creative with deals to make deal economics work

Hayfin adds step up notes to triple A tranche as it prices European CLO
London-based Hayfin showed creativity in selling its senior CLO notes on Emerald I, opting for Euribor caps. Again the firm has defied convention, this time by incorporating step-up notes

Hayfin brings in head of structured credit from New York-based fund manager
Sources say that Hayfin has made a major hire in New York as it looks to build up its CLO investment capabilities

GoldenTree adds partner to its structured credit team in London
GoldenTree Asset Management has made a big hire to its London office with a structured credit specialist joining as partner

CLO investors doff caps to Citi for creating fixed-rate substitute
Euribor floors have been a mainstay of the European CLO market for years, but last month Hayfin Capital Management and Citi teamed up to price the first CLO tranche to feature a ‘Euribor cap’.