Nikko AM garners €144 million for TLAC bond fund
The global total loss-absorbing capacity (TLAC) bond fund will “provide active investors the opportunity to earn a strong premium”

Euro CLO b-wic round-up: secondary volumes increase amid demand for short-dated paper
Last week saw over €230 million of European CLO items listed on the secondary market, matching the almost €1 billion seen in refinancing volume.

Angelo Gordon hires Pimco's European ABS head
The firm is looking to bolster its residential and consumer debt unit outside the US, with the hire based in London 

Warsaw-based direct lender launches fund to invest in central and eastern Europe
The Warsaw-based private debt manager has received the backing of the European Investment Fund

Tikehau changes tack and opts for three-tranche CLO refi
Tikehau Capital has refinanced three tranches of its second CLO from 2016 named Tikehau CLO II

Another BlackRock official lands at new manager Tresidor
Tresidor was founded by CIO Michael Phelps, formerly the head of European fundamental credit at BlackRock 

CIFC kicks off in Europe as its first CLO on the continent enters marketing stage
CIFC Asset Management has launched its debut European CLO transaction, with eyes to becoming the continent’s fourth debut manager of the year

Los Angeles pension fund narrows down global direct lending search to four managers
Los Angeles City Employees Retirement System (Lacers) has listed the finalists for a private credit mandate, according to an agenda document seen by Creditflux.  

Pemberton adds portfolio manager to trade finance team
According to the firm, there is "huge, untapped opportunity to transform trade receivables and supply chain finance into a liquid asset class"

Napier Park joins Europe's CLO manager club after pricing first deal via Citi
Napier Park Global Capital on Friday became the third debut CLO issuer in Europe of 2019, according to market sources

Rallye CDS auction date set with three initial deliverables
A credit event auction to settle CDS referencing Rallye, the parent of French supermarket chain Casino, will take place on 27 June, with the Determinations Committee having agreed an initial list of three deliverable obligations

BlackRock becomes fifth European CLO manager to refinance
BlackRock today became the latest European CLO manager to join the budding refinancing wave, having teamed up with Morgan Stanley to reprice the debt liabilities of BlackRock European CLO II

Global CLO league tables at a glance - May 2019 YTD
Global CLO league tables at a glance - May 2019 YTD

Euro CLO league tables: May’s refinancings fall just shy of €1 billion
European CLO monthly issuance has stayed roughly level since February what has differed recently though is the volumes of all forms of refinancings.

Credit traders' kickstand: rally makes good on relative value plays, but high yield pitfalls abound
Credit markets are ending the week on a stronger tone overall than they did last Friday, following supportive comments this week from both the US Federal Reserve and the European Central Bank meeting. But big drops in some individual company bonds shows there are still plenty of pitfalls to catch out the unwary

Deutsche Bank hires emerging market credit trader
Deutsche Bank has added to its credit team in London by hiring a trader of emerging market cash debt and CDS

Fair Oaks prices €332 million debut CLO via Deutsche Bank
Fair Oaks Capital became a first-time CLO manager today, issuing its debut deal named Fair Oaks Loan Funding I

MeDirect to make CLO comeback as it markets European deal via Barclays
MeDirect Bank is looking to issue a European CLO for the first time since 2013, according to market sources

100% pay-out on New Look CDS as physical bids fail to materialise
A credit event auction to settle CDS referencing New Look today resulted in a zero cent final price, meaning contracts paid out to protection buyers in full - the first time this has happened other than by a 'deemed auction' decision since 2012

Direct lending team to spin out of BlueBay and form new partnership with Dyal
BlueBay Asset Management has today announced that it is spinning off its €13 billion direct lending business

Financials lead charge as dovish Fed stokes rally
Financial companies are some of the biggest movers in CDS amid a positive surge of credit and equities. This follows yesterday’s meeting of the US Federal Reserve and anticipates the European Central Bank pre-announcing on Thursday the terms of its lending plans for banks

New Look CDS auction sets 1.5 cents as initial market mid-point
A credit event auction to settle CDS referencing New Look today has produced an initial market midpoint of just 1.5 cents, in line with the low price at which bonds have been quoted

Napier Park targets 114bp triple A print as it markets first euro CLO
Napier Park Global Capital has begun marketing its debut euro CLO and is targeting a 114 basis point print on its triple As

Spreads tighten as ICG prices second euro CLO of 2019
Intermediate Capital Group teamed up with Bank of America Merrill Lynch yesterday to price a new issue CLO named St Paul’s CLO XI

New Look CDS auction to have only one deliverable, says DC
An credit event auction tomorrow to settle CDS referencing UK retailer New Look will have only one deliverable obligation, following no challenges to the initial list