Euro CLO league tables: Record new issuance month as CVC and Barclays jump back to top
November set yet another record for the European CLO market as managers priced €6.3 billion of new paper, the most in a month in the 2.0 era

Global CLO league tables - Nov 2021 YTD
Global CLO league tables - Nov 2021 YTD

Euro bonds set to outperform US despite big fund outflows: BofA
The November credit crash has left Euro investment grade bonds wider than those in the US, a rare occurrence that sets the scene for a January rally, say Bank of America credit strategists

Accunia commits to CLOs with fundraising and new issue plans
Accunia has signalled its commitment to its CLO platform and says it plans to raise additional capital for future new issues despite rumours on the CLO platform sale, according to an investor letter seen by Creditflux

Cairn CLO becomes 30th 2020 Euro CLO to be reset
Bank of America arranged the €373 million transaction for Cairn, which cuts the CLO’s cost of debt by over 40 basis points 

Global credit spreads trade out of time amid omicron whipsaw
The sharply oscillating action in credit spreads is evident for a fifth day straight on Thursday, but the timing of market reactions is taking US and European daily performance out of sync

WhiteStar to absorb MacKay Shields' European CLO platform
WhiteStar Asset Management has swooped for MacKay Shields’ European CLO business, ending weeks of speculation over the latter’s CLO ambitions and confirming WhiteStar's status as a rising star 

Blackstone reaches €5bn Euro CLO 2021 volume with fourth new issue
Credit Suisse arranged the €404.2 million deal, named Cabinteely Park

German real estate firm gains relief as credit spreads see-saw
Adler is among the biggest improvers in credit markets on Wednesday, as the week's heightened volatility brings another big shift tighter for indices

Pemberton lands big name structured credit specialist as it drives into SRTs
Pemberton has hired a senior banking figure well known to the structured credit market to oversee a risk sharing strategy at the firm

Axa IM raises €1.2 billion for SRTs
Axa Investment Managers has closed Partner Capital Solutions VIII, a significant risk transfer (SRT) strategy, at roughly €1.2 billion, according to an announcement.

Hayfin carves Emerald Euro CLO triple A tranches in two with capped note
The transaction takes Hayfin’s year-to-date Euro CLO volume to just over €3 billion

Oak Hill resets 2016 European CLO via Morgan Stanley
Oak Hill Advisors has reworked its 2016 European CLO Oak Hill European CLO V

Fair Oaks achieves tight cost of debt on new European CLO
The manager has brought a €404.4 million, 13.4 times levered deal that features environmental, social and governance criteria

US extends broad hit on credit but German resi giant faces personal dramas
Travel related companies are among those hit hardest in credit as the Tuesday sell off deepens with the US trading session, but investors in German real estate company Adler have endured a torrid day as they digest its third quarter results

CLO lower cap stack will outperform with $175bn new issuance in 2022: JP Morgan
Equity and lower rated tranche investors will do best as $175 billion of global new CLO issuance arrives in 2022, predict JP Morgan strategists in their annual outlook, taking market size to $1.2 trillion

Reality check for credit as omicron research timeline extends
Another dose of harsh reality has sunk into financial markets on Tuesday, as investors continue to reappraise the impact of tightening travel restrictions and the timeline for pharmaceutical work to address the omicron covid-19 variant

Invesco Euro CLO triple As leak wider to 99bp, but mezz tranches print tight
Invesco on Tuesday priced the 90th European CLO new issue of the year with Invesco Euro CLO VII. BNP Paribas arranged the €407.5 million deal

NatWest hires head of Emea leveraged credit sales
NatWest has tapped Nomura for a head of leveraged credit sales position after its head of credit sales left for Jefferies in September 

Tikehau prints first new European CLO in 19 months in breakthrough under new CLO head
Tikehau has priced its first European CLO new issue under portfolio manager Christoph Zens, in a month where the firm also made its US CLO debut and announced it hired John Fraser to boost its global structured credit capabilities

The Last Tranche with Napier Park's Secmen: tailwinds fuelling CLO market mask manager incompetence
In this episode of the Last Tranche, Serhan Secmen, head of US CLO investments at Napier Park Global Capital, joins to discuss how equity investors choose which managers to allocate to for the best long-term performance

Traders hunt for Monday bargains in Black Friday debris
The turmoil of Black Friday has given way to a counter-wise move on Monday, with financial markets latching onto scraps of hope over the weekend following the panic of a newly discovered covid-19 variant

Napier Park resets 2020 Euro CLO for five years
Napier Park has reset its 2020 European CLO, Henley CLO III, with Greensledge and NatWest partnering to upsize and inject the CLO with a fresh, full five-year reinvestment period

Barings prints Euro CLO double Bs at widest levels of 2021, but seniors hold firm
European CLO mezzanine tranches widened on Friday with Barings’ latest European CLO new issue as November issuance passed €5 billion

US travel, energy and retail credits take big hit as variant rout extends
The widening trend in credit is extending as the weekend approaches, with US spreads picking up the baton from Europe's earlier surge