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CLO pipeline: US adds deals at frenetic pace as Europe catches breath after record start
19 hours ago
US CLO investors have numerous deals to consider with 13 new issues and 15 repricings being prepared to flood the market in the coming days -
It's all relative: CLOs march tighter as macro traders open positive CDS skews
1 day ago
Credit default swaps are back near where they started the year after giving up their early-February gains amid a rise in government bonds. CDS curves steepened over the past month and macro hedging has left indices trading with positive skews. But CLOs paint a calmer picture in which spreads have inched tighter -
Credit fundraising: ESG centre stage as capital pours into new strategies
2 days ago
Sustainability was the watchword for fundraising in February, amid a flurry of fund launches as well as first closes for impact funds and sustainable bond funds -
Renewed energy boosts credit as relief rally resumes
2 days ago
Energy companies are performing well and credit indices have resumed their push tighter after a strong surge inwards Monday, outpacing moves in other parts of the financial market -
Waiting for afters
2 days ago
Day one arb remains important, but last year there were opportunities aplenty in the secondary market, which put the onus on printing CLOs and waiting for the day after non-call periods expired -
Barclays pulls levers as CVC resets and GoldenTree CLO surpasses Spire leverage
2 days ago
Barclays added to its arranging volume on Friday as GoldenTree Asset Management priced the market's highest levered European CLO -
Hayfin targets market tights with €403.8 million Euro CLO and fourth-time Goldman pairing
2 days ago
Goldman Sachs won the mandate to arrange Hayfin's first new issue Euro CLO of 2021, Hayfin Emerald CLO VI -
Investcorp and JP Morgan pair again to reap 2018 European CLO refi
2 days ago
Investcorp Credit Management has partially refinanced the five most senior tranches of its 2018 vintage European CLO, Harvest XX -
UN PRI's upcoming report on ESG in CLOs finds bar is very low
2 days ago
In a preview of the upcoming report, Carmen Nuzzo, head of fixed income at UN Principles for Responsible Investment, reveals to Creditflux key highlights from its ESG in securitisation report -
Global CLO b-wic round-up: equity trades break new records as investors look to redeploy cash
2 days ago
The CLO secondary market is experiencing heavy churn with €273.5 million of European CLO paper and $1.05 billion of US CLOs listed last week. Within that supply, a record trade for a 2.0 European CLO equty tranche was recorded -
Ex-Accunia CLO chief joins Danish multi-family office
2 days ago
The former chief investment officer of Accunia Credit Management has joined Scope Invesment in Copenhagen as senior portfolio manager -
Credit makes strong gains in relief rally
3 days ago
The week has opened on a stronger tone amid a calming of government bond yields, conducive manufacturing data in Europe and a new covid-19 vaccine approval in the US -
BofA forecasts record European CLO volume in 2021 as another reset prices
3 days ago
Carlyle Group has become the first manager in March to reset a European CLO, while BofA estimates the European CLO market might break a new record in 2021 -
Oaktree resets European CLO at market tights
3 days ago
JP Morgan printed a €372 million reset of Oaktree Capital Management’s Arbour CLO IV on Friday afternoon, according to market sources. The deal points to further spread compression for CLO reset transactions, particularly for mezzanine tranches -
Single names hit hard as financial markets play catch-up on rate moves
6 days ago
Credit indices have firmed up after Thursday's rates-led sell off, but other asset classes continue to slide and Friday's focus turns to single name borrower spreads playing a catch-up with the sharp macro move -
Debutant Jefferies takes Euro CLOs to €2 billion in under two weeks with Hayfin reset
6 days ago
"Pay no attention to the man behind the curtain" is a famous injunction associated with the Emerald City. But it is hard not to notice the woman-led team at Jefferies driving CLO volume, given it passed another impressive landmark on Thursday by resetting Hayfin Capital's inaugural Emerald CLO I -
US and European gov yield rise spooks credit market
6 days ago
Credit markets took a decisive shift wider on Thursday, as rising US and European government bond yields rattled investors despite the European Central Bank signalling it will take a flexible approach to bonds to prevent fiscal tightening -
European CLO repricings top €8 billion in 2021 as Ares and PGIM rework deals
6 days ago
Ares and PGIM printed two repricings of European CLOs on Wednesday, taking year-to-date volume to €8.29 billion -
HIG bolsters European direct lending presence with senior hire in Madrid
7 days ago
HIG Whitehorse has appointed a managing director in the firm's Madrid office -
Reset triple A tightening outstrips new CLOs as investors beg to roll
7 days ago
CLO triple A tranches are pricing tighter in the reset market than new issues in both the US and Europe, due to a quirk of market technical dynamics -
European direct lender explores possibility of CLO management
7 days ago
A European direct lender is exploring the possibility of establishing a CLO management arm, with the firm looking to hire -
KKR pushes for nearly five-year reinvestment as Redding Ridge resets €554 million CLO
8 days ago
The European CLO reset wave is proceeding apace with KKR and Redding Ridge pricing deals on Tuesday -
Alcentra, BlackRock and CVC refi €1.5 billion of European CLO paper
8 days ago
Deutsche Bank arranged the transactions for BlackRock and CVC while Morgan Stanley arranged partial refinancings for three of Alcentra’s deals -
February credit gains wiped out as inflation fears rise
9 days ago
A successive move wider in spreads on Tuesday is taking credit back to start of February levels, as investors try to weigh inflation concerns and a US tech stock rout against reopening economies and advancing commodity prices -
Tikehau confirms European CLO head appointment
9 days ago
Tikehau says it has appointed Christoph Zens head of its CLO business, in a fast-moving story from Monday night
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