Voya's first European CLO for the year prices tight with triple Bs at 300bps
The new issue was upsized to EUR 509m and is the manager's first European primary market activity since last November

Mezz guidance drifts wider for European Voya deal
The new European CLO has seen moderate widening in investor guidance for the the single A, triple B and double B tranches as market volatility increases

Euro pipeline remains strong with Blackstone, Voya and ICG among those readying new issues
The pipeline into the August break remains strong as a number of managers look to take advantage of a still-benign issuance environment in advance of the summer break

Voya upsizes November European CLO print with tap issue
Voya has increased the size of a new European CLO it priced in November by 37.5%, to just under EUR 562m  

Voya leaves it late to price first new Euro issue of 2024
The steady flow of European CLO dealmaking continued with the pricing of Voya Euro CLO VIII, arranged by Jefferies and HSBC

Voya prints Euro CLO reset with mezz at tight end of guidance
Voya has priced a European CLO reset with mezz spreads at the tight end of prior guidance talk

Voya prepares to reset debut European CLO
Goldman Sachs is marketing a reset of a 2018-vintage European CLO managed by Voya

Voya prints short-dated European CLO via Barclays
Barclays priced its first European CLO new issue of the year on Friday

Voya targets this week for European CLO comeback with short-dated deal
Price talk for the CLO's triple As appears to be in line with recent longer-dated Euro CLOs

European CLO managers trade loans to avoid (par) burn
Between March and July, European CLO managers traded €21 billion of assets within CLOs that were still in their reinvestment period as opportunities arose amid a weaker macro environment and Russia’s war with Ukraine

CLOs at a glance (November 2022)
A listing of CLOs that have priced in the last month

Past returns: US firms become Euro CLO issuers
Five years ago in Creditflux we reported on CIFC Asset Management and Voya Investment Management harbouring European CLO ambitions as US issuers became accustomed to risk retention.

CLOs at a glance (April 2022)
A listing of CLOs that have priced in the last month  

Voya takes 2021 Euro CLO volume past €1 billion as it injects equity in 2020 reset
Voya Investment Management has taken its European CLO volume to just over €1 billion, pairing with Goldman Sachs to reset its 2020 vintage deal Voya Euro CLO IV

Junior European CLO spreads edge tighter as Voya gets off the mark in 2021
Junior CLO spreads have come in tighter after Voya Investment Management priced its first European deal of the year

Credit funds at a glance (July 2021)
A round up of fundraising and people moves in credit

CLOs at a glance (July 2021)
A listing of CLOs that have priced in the last month

Credit fundraising: managers take care of infrastructure with new partnerships
Credit managers were busy launching new partnerships to support growth in infrastructure and CLOs. There were 13 announcements in the month paving the way for upcoming funds, platforms, and joint ventures

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

Voya prints first European CLO transaction of the year with 2019 reset
Voya has carried out its first European CLO transaction of the year, resetting a 2019 vintage deal named Voya European CLO II

Global CLO pricing lab: let’s all point at that 108bp print while spreads leak out
The tsunami of CLO paper coming to market is the biggest technical factor causing spreads to widen, according to sources

CLOs at a glance (June 2021)
A listing of CLOs that have priced in the last month

Global CLO pricing lab: investors get over fatigue and embrace reset roll over
The demand for CLOs is showing no signs of slowing down after the market had experienced some fatigue at the end of the first quarter and into the second. In the last two weeks, there have been 47 CLO transactions across all forms of pricing in the three markets; led by 18 US CLO new issues

Woah, we’re halfway there
Judging by the 2020 vintage, European CLO overlap is 50%. But varied approaches to holding bonds and the many loans managers turn down mean there are ways for issuers to outperform

At least 2020 wasn’t dreadful for CLOs
Last year’s downturn was another in which CLOs survived and in many cases thrived as active management and Libor floors helped managers deliver 13%-plus returns to equity