Creditflux

Triple As could dip back into double digits as KKR plots Europe's largest CLO of 2019
Triple A CLO spreads could be about to dip below 100 basis points again in Europe as KKR markets a reset with price talk ranging from 99 to 102bp over Euribor

Aegon returns with new CLO pricing triple A tight of market
Aegon USA Investment Management has priced its second new issue CLO of 2019, known as Cedar Funding X CLO

Emerging market CDS trading slumped in Q2, finds Emta
There was $364 billion of emerging markets CDS trading in second quarter, according to the Emerging Markets Traders Association

TICP prices $402.35 million CLO via Citi
TICP has priced its second new issue CLO of 2019 after teaming up with Citi, according to market sources

Euro CLO league tables: before the holidays is the best time to price a deal
Over €5 billion of new issue CLOs was priced last month, the first time the market ever crossed that monthly threshold

US CLO league tables: JP Morgan narrows gap to Citi in new issues to $50 million
July saw $14.9 billion of issuance in the US CLO space with $9.4 billion of that in new issue CLOs. One of the transactions brought to the market was Whitebox Capital Management’s debut CLO, Whitebox I.

Nochu's CLO holdings up 8% in Q2 while JP Morgan buys even faster
Norinchukin Bank’s CLO portfolio grew another 8% in the second quarter to JPY 8 trillion ($74.12 billion) by 30 June, according to the bank’s latest quarterly report which was released today

Octagon's pricing streak continues with fifth new issue CLO of the year
Octagon Credit Investors pulled away from the pack on Friday by becoming the first US manager to print a fifth new issue CLO in 2019

Hayfin prices new CLO as European 2.0 volumes break monthly record
Europe’s CLO volumes reached a post-crisis monthly record on Friday as Hayfin Capital Management priced its latest new issue bringing July volumes to €5.21 billion

Guggenheim hires Citi ABS trading head to structured syndicate desk
Guggenheim Securities has replaced its recently departed co-head of structured product syndicate with an experienced hire

Sound Point resets 2015 CLO with just days of reinvestment remaining
Sound Point Capital Management has squeezed in a $470 million reset of 2015’s Sound Point CLO IX just days before it left its reinvestment period

Investcorp prices triple As at 110bp in European new issue
The global issuer prices its second new deal in Europe

Benefit Street slashes 32bp from 2016 CLO's funding costs via refi
Benefit Street Partners teamed up with Citi on Friday to refinance Benefit Street Partners CLO X, according to market sources, slashing 31.96 basis points from the deal’s weighted funding costs

Wellfleet teams up with Citi to issue $404 million CLO
Wellfleet Credit Partners has priced its latest CLO offering named Wellfleet CLO 2019-1, according to market sources

GoldenTree prices new issue European CLO as continental volumes pass €2 billion
GoldenTree Loan Management priced its latest European CLO offering yesterday as July new issue volumes on the continent passed the €2 billion mark

US CLO league tables: Octagon extends lead as many managers hit starting blocks in June
CLO volumes recovered slightly in the second quarter, with $43.31 billion of primary activity – a 19.97% increase from the $36.1 billion produced in Q1

BlueBay hires CLO portfolio manager from Citi's trading desk
BlueBay Asset Management has hired Alex Navin as a portfolio manager on its structured credit team

Carlyle brings in Kroll to rate new European CLO as spreads tighten
Carlyle Group priced its second new issue European CLO in 2019 in a transaction which went through yesterday via Citi

Palmer Square issues senior notes at 85bp in latest static CLO
Senior CLO financing costs have made a big move tighter after Palmer Square Capital Management priced its third static CLO of the year.

Apollo's MidCap returns to mid market CLOs with $509 million deal
MidCap Financial priced its first middle market CLO of the year yesterday, ending the manager’s 11 month hiatus

Alcentra prices first new issue US CLO for 12 months in short-dated deal
Alcentra has priced its first new issue US CLO in 12 months, teaming up with Citi to issue Shackleton 2019-XIV

Apollo reworks 2012 CLO for second time
Apollo Global Management teamed up with Citi on Friday to rework a 2012 vintage CLO for a second time

US CLO spreads edge tighter as Voya prints new issue via Citi
Voya Alternative Asset Management priced its second new US CLO of the year yesterday after partnering with Citi

Citi hires UK banks and private equity solution sales head
Citi has hired a long-serving Credit Suisse sales specialist to fill the job previously held by recently promoted Rajiv Amlani

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