Credit rally rolls on as indices approach one-month tights
CDS indices are approaching their mid-October tights as reality seeps in of a divided US government and, consequently, little chance of dramatic corporate tax increases. Yesterday, iTraxx Main led the way, tightening 5.3%, followed by CDX NA HY and CDX IG (both 4.5%) and iTraxx Crossover (2.8%)

US credit shakes off early jitters as CDX IG tightens 6.9%
Credit spreads have reversed course yet again to join the rally in equities today. The Dow Jones Industrial Average up 2.5% today and credit is following with investment grade indices leading the way

BlackRock cuts CLO double A coupon with fixed-rate refi
BlackRock has priced a fixed-rate CLO tranche refinancing, teaming up with Mizuho to cut the coupon on the double A notes of Magnetite XII

AGL cements post-covid US CLO lead with fifth new issue
AGL Credit Management has consolidated its position as the most prolific CLO manager post-covid after becoming the first firm to print five new issues in the US

Shenkman prices its first CLO primary transaction since March sell off
Shenkman Capital Management has priced its first transaction in the CLO primary market since the sell off in March

US CLO league tables: light at the end of the tunnel as primary revives
May brought a rise in US CLO primary market activity with a combined $5.55 billion in new issuance for the month

AGL prints largest US CLO post-covid-19 and syndicates double Bs
AGL Credit Management today priced the largest CLO since the pandemic outbreak with a fully syndicated double B tranche

Credit funds at a glance
A round-up of fundraising and people moves in credit

Seix upsizes 2016 CLO by over $100 million with reset via Mizuho
Seix Advisors has priced a $382 million CLO reset with triple A spreads coming in at 136 basis points over Libor

Flurry of US CLO refis takes year's tally to 16
Four US CLO refinancings took place on Friday, underlining that 12- to 18-month deals can price their senior liabilities in the low 100s

CLO pipeline: a refi of nine cuts time (and margins)
Nine US CLO managers are preparing to refinance one of their CLOs to lower financing costs

Assured Guaranty Corp hires CLO specialist to co-lead structured finance group
A former CLO specialist from Mizuho will join the firm as senior managing director 

Brigade teams up with Mizuho for first CLO as partnership
Brigade Capital Management yesterday priced its latest CLO offering named Battalion CLO XVI in the firm’s first CLO partnership with Mizuho as arranger

Black Diamond prices new CLO via Mizuho in first-time partnership
Black Diamond has teamed up with Mizuho to price its latest CLO offering named Black Diamond 2019-2

Two senior CLO traders leave Deutsche Bank
Mizuho has poached one of these traders

Mizuho looks to make return to CLO management
Mizuho is shaking up its credit business in Europe and is pushing into CLOs as both manager and arranger, according to several sources

Wellfleet prices triple As tight of market average after issuing CLO via Mizuho
Wellfleet Credit Partners teamed up with Mizuho on Friday to launch a new issue CLO named Wellfleet CLO X

Mizuho wins first new issue CLO arranger mandate since 2015
Mizuho is marketing its first new issue CLO since 2015, having scored the mandate to arrange the forthcoming 10th CLO to be managed by Wellfleet Credit Partners

AMMC resets 2016 CLO with triple As printing at 126bp
American Money Management Corporation was back in the CLO primary market yesterday, hiring Mizuho Securities to reset of AMMC CLO XV

Voya teams up with Mizuho to reset 2016 CLO

Voya Alternative Asset Management yesterday priced its 11th CLO transaction of the year and its sixth reset

BlackRock prices US CLO triple As 4.9bp tight of market average
BlackRock has priced a reset of its 2015 CLO, Magnetite XII

CLO manager prices $412.37 million reset via Mizuho
A New York CLO manager hired Mizuho to price a reset yesterday, which marks its sixth CLO transaction of the year

PineBridge prices CLO refi via Mizuho with unusual triple A debt structure
PineBridge Investments teamed up with Mizuho to refinance 2016 CLO, Galaxy XXII, according to market sources

HarbourView prices reissue to extend its sole CLO
A CLO manager has returned to the CLO primary issuance market by reissuing its sole 2.0 transaction

Mizuho prices its second CLO transaction of this year
Tokyo-headquartered Mizuho has arranged its second CLO transaction of the year, according to market sources