Options investors look to medium-term market normalisation
Credit index options trading has been heating up, with investors looking to take views on future market volatility well beyond the customary three-month horizon as Europe and the US grapple to keep a lid on rates.

Monroe issues first CLO since Bonaccord equity deal
Monroe Capital has priced its first new CLO in nine months, issuing a $455 million middle market transaction named Monroe Capital MML CLO XI

Corp hybrid popularity mounts, but strategist outlooks diverge
Corporate hybrid bonds are becoming a focal point for investors in the second quarter, with one bank's credit strategy team making them a top pick to trade spread compression while another's has expressed caution on their likely performance

Bain saves 19.2bp on European CLO funding costs with partial refi
Bain Capital has partially refinanced the three most senior tranches of its European CLO, Bain Capital Euro CLO 2018-2

Weekly refi volume passes $5 billion as five CLOs price
Another $2.06 billion of CLO refinancings priced in the US on Friday, bringing the weekly total to over $5 billion

CLO pipeline: Carlyle eyes fourth new issue in two months but refis and resets dominate
Manager focus has shifted to reworking vintage CLOs to lower funding costs in a much tighter market, with the new issue US market having slowed

DWS wraps fourth infra CLO
DWS Group has issued its fourth CLO backed by infrastructure credits

Equity chooses refi over reset as Carlyle Euro CLO becomes first 2019 deal to take this path
Carlyle Group's is the first 2019 vintage CLO to have been partially refinanced this year, according to Creditflux data

Yield rise is buying signal for bonds, says BNP Paribas
Credit spreads are set to hit new cyclical tights in the coming months, with the recent rise in yields having offered an attractive entry point especially for high-rated bonds, say BNP Paribas credit strategists

CLO refi spree heats up with $1.84 billion in one day
Another $1.84 billion of CLO paper refinanced on Friday as five managers - PineBridge Investments, Credit Suisse Asset Management, Mackay Shields, Steele Creek and MJX Asset Management - took to the primary market to cut their funding costs

Resurgent CSO market bets on ESG and new equity
After a challenging 2020 the synthetic bespoke market has begun this year in style, with a pipeline of deals, talk of new investors and hopes that ESG could play a key role in driving deal volumes

Blackstone adds single B tranche in US CLO reset
Blackstone Credit teamed up with BNP Paribas on Friday to reset its 2017 vintage CLO known as Thayer Park

European CLO repricings top €8 billion in 2021 as Ares and PGIM rework deals
Ares and PGIM printed two repricings of European CLOs  on Wednesday, taking year-to-date volume to €8.29 billion

Vibrant prints first CLO since rebranding
Vibrant Capital Partners, the New York-manager formerly known as DFG Investment Advisers, returned to the CLO primary market on Thursday with its first new issue since rebranding

Ares, Brigade and Redding Ridge issue CLO resets totalling $1.61 billion
$1.61 billion in CLO resets issued on Wednesday as new deals emerged from Ares Management, Brigade Capital Management and Redding Ridge Asset Management

Euro CLO league tables: Europe sees a refi-val in repricing
Older deals get a fresh start in the new year

Global CLO league tables - January 2021
Global CLO league tables - January 2021 YTD

Carlyle scores tightest CLO triple A print since 2018
Carlyle Group has priced a new record triple A spread on its latest deal at just 114 basis points over Libor, a full 5bp inside previous market tights

January European CLO volume shoots to €2.9 billion as Five Arrows refis 2017 deal
It has been a busy start to the year for European CLO investors, despite new issues having been slow to get going. Five Arrows is the latest manager to take advantage by refinancing a 2017 vintage CLO - Contego CLO I

KKR prices three-year reinvestment CLO via BNP Paribas
KKR Credit teamed up with BNP Paribas on Thursday to print a $402.3 million three-year reinvestment CLO named KKR 29

European reset wave begins as Partners reworks 2018 CLO
Partners Group’s Penta CLO 5 has become the first European CLO to reset in 2021

PGIM prints first fixed-rate CLO refi of 2021
PGIM has priced the first single-tranche fixed-note CLO refinancing of 2021, a type of CLO primary transaction popularised in 2020 following the coronavirus outbreak

Partners lines up first European CLO reset in 11 months
Partners Group is laying the groundwork to print one of the first CLO primary transactions in Europe of 2021, having teamed up with BNP Paribas to issue a reset of a 2018 vintage deal

Euro CLO league tables: Killer Bs: Barclays and Blackstone cause buzz to lead new issuance
The coronavirus pandemic-induced volatility had a marked effect on the European CLO market in 2020 with total issuance falling by €18.5 billion and new issuance €7.8 billion lower than 2019’s figures

Global 2020 CLO league tables
Global 2020 CLO league tables