US CLO traders leave Barclays ahead of move to another bank
Two CLO trading specialists have left Barclays and are headed for another dealer

European IG CLO mezz is attractive versus US paper: Barclays
There is no reason for European CLO mezzanine tranches to be as wide as they are versus equivalent US paper, according to a strategy note from Barclays.

Euro CLO IG mezz tranches look attractive amid cap stack divergence: Barclays
European CLO IG mezzanine debt tranches are more attractive than triple As or double Bs, say strategists at Barclays, owing to greater dispersion and a lag in recovery.

Widening asset/liability gulf will hurt CLOs: Barclays
A mismatch between CLO asset / liability rate risk is increasing in the US as more leveraged loan issuers opt for one-month pay frequency, Barclays credit strategists have found

New Carlyle CLO with Citi and Barclays co-arranging scores tightest August triple As
Carlyle Group has teamed up with Barclays and Citi to print its latest CLO named Carlyle US CLO 2022-5 at $495.5 million

Short duration CLOs are putting reset risk in the post: Barclays
The CLO market’s recent trend of shorter duration issuance could be setting up a problem for managers down the line that will impact their equity returns, Barclays has warned

CLO arrangers take down triple As to get European deals completed
European CLO arrangers are taking down large chunks of triple A paper to get deals over the line amid market volatility, according to market sources. Others, meanwhile, have committed to investing in triple As to secure future mandates

Euro CLO league tables: Permira and Barclays Providus with sole new issue
Just one manager priced a European CLO priced in June, when Permira Credit and Barclays brought Providus VII to market

Morgan Stanley Eaton Vance produces Thursday's tightest CLO execution
Morgan Stanley Eaton Vance priced a new CLO on Thurday, scoring the day's tightest triple A print in the process

Manager selection stakes are heightening as CLO pain points intensify: Barclays
CLOs’ slump in market value and piling of distressed assets have made differentiation between managers much more acute on key metrics, regionally and by vintage, according to Barclays credit strategists

Barings scores tight debt execution on latest new CLO
Barings priced a new CLO on Tuesday, achieving the third tightest liability pricing for a five-year reinvestment US CLO this month

CLO investors show more signs of optimism than other ABS: Barclays
CLO investors attending the Global ABS conference in Barcelona were more upbeat than those that work in residential mortgage-backed securities and other ABS, say Barclays securitised credit strategists. But the overall mood was sombre

Bank's head of European CLO trading leaves after crypto gains
Benjamin Cowley, head of European CLO trading at Barclays, is set to leave his role at the British bank

Carlyle prints new US CLO with triple As at 195bp
Carlyle Group priced its latest new CLO on Friday, placing the deal's triple A notes at 195 basis points over Sofr

European CLO triple As widen to 140bp with long-awaited Permira deal
European CLO triple As have widened out to 140 basis points over Euribor, as Permira Credit breaks the two-week CLO market silence by pricing its long-awaited new issue deal, Providus CLO VII

CLO top stack offers best value versus corp debt after junior tranche rally: Barclays
Having lagged in the recent market recovery, CLO triple A paper looks attractive versus corporate investment grade and the CDX IG credit derivatives index

Flurry of US CLOs print as Barclays boosts CLO issuance with Brigade and Bain deals
Barclays has brought over $906 million of issuance to the market, printing deals for Bain Capital Credit and Creditflux’s newly crowned US CLO manager of the year Brigade Capital Management

Quadruple winner Redding Ridge celebrates with new European CLO
Redding Ridge picked up four trophies in awards season (in contrast to one Premier League football team which is labouring in a similar pursuit) and it has struck while the iron is hot to print a new European CLO

US CLO triple As end week at 154bp as Napier Park and Rockford Tower print deals
Napier Park Global and Rockford Tower Capital Management priced new CLOs on Friday, with each manager printing their triple A notes at 154 basis points over Sofr

Macro woes have dented CLO and loan outlook: Barclays
Rising interest rates and elevated macro volatility have negatively impacted the performance outlook for both loans and CLOs, according to Barclays credit strategists

US CLO league tables: Blackstone gets back to business as it rises to the top
Blackstone is no longer the largest CLO manager globally (it lost that title in March). But it is the most prolific issuer in 2022 

US CLO refis return with Angelo Gordon pricing first since February
Angelo Gordon refinanced its Northwoods Captital 22 CLO on Tuesday, completing the first successful CLO refi in two and a half months

Oak Hill gets off mark in 2022 with first CLO since acquisition
Oak Hill on Thursday priced its first new US CLO of 2022

US loans recover but CLOs lag and issuance stutters
The US leveraged loan market spent the latter half of March recovering losses from Russia’s invasion of Ukraine, with prices now above where they were when the war started

Elmwood opts for fat triple Bs in new CLO
Elmwood has added so-called "fat" triple Bs into its latest new CLO named Logan CLO III