Double As reach 200bp as HPS prices European CLO

By Michelle D'souza

Friday, July 24, 2020

HPS Investment Partners has priced its inaugural European CLO of 2020 via BNP Paribas, achieving market tights across nearly all parts of the capital stack

Subscriber-only article

This article is available only to Creditflux subscribers and free trial users within 30 days of publication.

Already a subscriber? Not logged in? Click here to login.

If you have not already done so,
you may request a FREE TRIAL by clicking here

This trial will give you:
  • 4-weeks' free online access to our
    most recent subscriber-only articles
  • Daily breaking news alert sent by email
  • A print copy of Creditflux

If you currently have a free trial, you will see this message when you try to view articles older than 30 days.

TAGS: Europe CLO BNP Paribas Pricing Primary market HPS

Comment by: Charles Gundy. Posted 3 years ago [2020-07-27 17:35:08]

Thanks Sayed

Comment by: Sayed Kadiri. Posted 3 years ago [2020-07-27 17:23:25]

Hi anonymous - since the European CLO market reopened in April, two-thirds of deals have had a three-year reinvestment period. These are becoming more popular with five three-year CLOs printing in July and just a single one-year transaction

Comment by: Anonymous. Posted 3 years ago [2020-07-27 17:10:41]

Might I ask why you call the HPS deal 3-yr reinvestment period "market standard" when a couple sentences later you speak of a Hayfin deal with a 1yr reinvest period?

Related Stories

CLOs

more stories...