Global CLO league tables - June 2022 YTD
Global CLO league tables - June YTD

US CLO league tables: Heavyweights knock deals out as familiar faces stay top
In June 25 managers braved the US CLO market, among which only Columbia Management priced its first deal of the year

Loan traders eagerly await electronic trading solution
The announcement of Octaura’s electronic loan and CLO trading platform last month has been met with positivity by market participants, who laud the unified approach taken by large investment banks in supporting the initiative

New Benefit Street CLO prices tight of market averages
Benefit Street Partners priced a new CLO on Wednesday with triple A notes 3.8 basis points tight of the 10-day rolling average

NAIC extends comment period for CLO proposals by a week as BofA critiques plan
The National Association of Insurance Commissioners has confirmed to Creditflux that it has extended its comment period for its proposal to take CLO monitoring inhouse

KopenTech launches digital peer-to-peer CLO trading platform
Los Angeles-based FinTech platform Kopentech has launched a digital peer-to-peer trading platform for CLOs

CLO spreads widen as Rockford Tower's latest deal runs up 262.5bp funding costs
CLO spreads have continued to trend wider as Rockford Tower Capital Management priced a new deal with funding costs of 262.54 basis points in what appears to be the widest CLO liability spreads of the year to date

Octaura's real-time trading solution paves way for loans and CLOs to drop illiquid tag
The unprecedented cooperation between CLO trading desks that culminated last week in the launch of Octaura could change the way credit investors judge the relative value merits of loans and CLOs versus liquid alternatives such as high yield bonds

GoldenTree prints tight of market with five-year CLO triple As yielding 170bp
GoldenTree Loan Management has priced a new CLO with a 170 basis point triple A print, 8.21bp tight of the 10-day rolling average

Seven dealers join forces over loan/CLO platform led by Bejile's Octaura
The industry-wide initiative to create an electronic loan and CLO trading platform has taken a big step forward with Citi’s Brian Bejile spearheading newly-formed Octaura Holdings. 

Euro CLO league tables: short on deals but high on drama as new issuance race tightens up
For the second straight month, European CLO volume was below €2 billion, making it the first time there has been back-to-back months of less than €2 billion issued since November and December 2020

Global CLO league tables - May 2022 YTD
Global CLO league tables - May YTD

US CLO league tables: Massive Octagon CLO keeps BofA in lead as top managers tap new issues
For the second straight month, the US CLO market issued $12.5 billion of paper. But unlike April, which was all new issuance, May had one refinancing and the first reissue in the market since October

Oaktree prints new US CLO while Deerpath resets mid-market deal
The US CLO market has added to its June transaction tally, with Oaktree Capital pricing a new issue while Deerpath Capital Management reset a 2018 vintage mid-market deal

US investors welcome flurry of CLO new issues
The UK may have been off from Thursday for the Jubilee holiday, but in the US the primary CLO pipeline proceeded apace with several new issues hitting the market before Friday’s close

BofA revises Euro CLO new issuance forecasts downwards
Bank of America CLO strategists have cut their base case forecasts for European CLO volume in 2022 to €22.6 billion for new issues and €10 billion for refi/resets, citing slower economic growth and higher tail risks. But further market disruption could take new issuance down to €16.5 billion, they warned

European secondary volumes rise through ups and downs
Europe’s secondary CLO market has been boosted by elevated supply as primary issuance trickles amid market volatility. Sources indicate that around €370 million of paper appeared on b-wics across the capital stack in each of the first two weeks of May.

Generate adopts unusual non-call structure for new CLO as triple As hit 160bp
Generate Advisors has priced a new CLO with an unusual non-call structure

Octagon prices its largest CLO with high-rated mezz
Octagon Credit Investors on Friday priced its largest ever CLO, and the largest broadly syndicated loan-backed CLO in the market this year

Angelo Gordon prints 30th European CLO new issue of 2022
The €447.95 million deal, named Northwoods Euro CLO 26, brings CLO new issuance volume this year to €12.6 billion, according to Creditflux data

Euro CLO league tables: PGIM and Jefferies lead as Euribor caps come back in fashion
April was the quietest month of the year in the European CLO market with only €2 billion pricing across four new issues and one reset

US CLO league tables: Blackstone gets back to business as it rises to the top
Blackstone is no longer the largest CLO manager globally (it lost that title in March). But it is the most prolific issuer in 2022 

Global CLO league tables - April 2022 YTD
Global CLO league tables - April YTD

Managers look at rating agency combos as weighted average life drops
CLO managers are looking closely at rating agency pairings as investors opt for shorter risk horizons, according to market participants.

Blackstone achieves tightest US CLO debt stack in over a month
Blackstone Credit has secured the tightest debt execution for a five-year reinvestment CLO in over a month, printing a new deal with funding costs of 193.12 basis points