CSAM takes Euro CLO 2021 volumes to over €2 billion
Credit Suisse Asset Management has taken its European CLO 2021 volumes to over €2 billion with its latest new issue, Madison Park Euro Funding XVII

US CLO pricing lab: expensive legacy deals take priority as two-three year point on term curve tightens
The US CLO market may have gapped out in recent weeks, but expensive 2019 and covid-era CLO refis and resets are still in the money

CLO pipeline: four US and two European managers prepare first 2021 CLOs
The CLO market is set to carry on roaring with the pipeline as full as ever despite the summer slowdown just around the corner  

Siaci €202 million loan to leave CLOs after merger as new debt guided in low 400s
Burrus has outlined price talk on an €850 million loan backing its acquisition and merger with Siaci, a popular CLO credit

2021 CBO refi volume reaches record as CSAM cuts costs on 2019 deal
Credit Suisse Asset Management paired with Citi on Thursday to refinance the mezzanine debt tranches of its 2019 bond-heavy CLO named One Eleven Funding III

Standard Chartered takes on hybrid placement agent/investor role on European CLOs
Standard Chartered has made a breakthrough in European CLOs by serving as co-placement agent on deals

CSAM merges junior triple As into double A tranche as part of $547 million CLO refi
Credit Suisse Asset Management took the unusual decision to reshuffle the debt stack of its 2019 CLO, Madison Park Funding 37, when refinancing the deal on Thursday

CLO managers embed new EU sustainable disclosure language in docs after investor push
Bridgepoint, CSAM and Pinebridge are among managers to include language related to the EU’s Sustainable Finance Disclosure Regulation, following a push from CLO investor Lupus alpha

Global CLO trading lab: quality and optionality shine as 2020 and 2019 mezz trades up
The primary and secondary CLO markets are moving in tandem with both markets drifting wider amid a wealth of supply

Euro CLO triple As widen as market participants expect spreads to hit 100bp
European CLO triple As are leaking wider with CSAM and KKR resets the latest to demonstrate this - and some anticipate spreads could widen to 100bp, leading to a potential slowdown

Crescent and CSAM price $1 billion of CLO refis
Crescent Capital and Credit Suisse Asset Management brought two CLO refinancing transactions on Friday, boosting supply by $979.5 million

Global CLO pricing lab: let’s all point at that 108bp print while spreads leak out
The tsunami of CLO paper coming to market is the biggest technical factor causing spreads to widen, according to sources

CSAM brings 2021 new issue volume over $2.3 billion in US
Credit Suisse Asset Management has priced its fourth US CLO of the year, bringing its issuance volume over $2.3 billion as a result

Global CLO league tables - May 2021 YTD
Global CLO league tables - May 2021 YTD

US CLO league tables: CIFC makes big leap but CSAM and JP Morgan retain leads
There has been no change atop the US CLO league tables, but Credit Suisse Asset Management’s and JP Morgan’s leads are dwindling

European CLO managers bake in triple C flexibility
Three European CLO managers are understood to have embedded language in post-covid CLO documentation that affords them flexibility in managing triple Cs, according to market sources

CLOs at a glance (June 2021)
A listing of CLOs that have priced in the last month

Lighten up, these are due an upgrade
CLO triple C buckets were overflowing last year, but the average exposure is now 7.3%. That is still close to trigger levels, but CLO managers are relaxed, as further loan upgrades are on the horizon

CLO pipeline: US market on track for June boom
CLO issuance is set to boom in the coming weeks with the pipeline ballooning as the market looks ahead to June

CSAM teams up with Nomura on new issue CLO for first time
Credit Suisse Asset Management has completed its third new CLO of 2021 and its first ever new deal to print via Nomura

Global CLO pricing lab: investors get over fatigue and embrace reset roll over
The demand for CLOs is showing no signs of slowing down after the market had experienced some fatigue at the end of the first quarter and into the second. In the last two weeks, there have been 47 CLO transactions across all forms of pricing in the three markets; led by 18 US CLO new issues

CLOs come up smelling of roses
The coronavirus crisis could have cut back 10 years of CLO market progress, but investors’ foresight, trading chops and flexibility meant many saw their strategies blossom during 2020  

Euro CLO league tables: cramming a year's worth of work in two months
It is no surprise the European CLO market has been experiencing fatigue at times this year with the last two months of issuance alone almost equalling issuance figures for the whole of 2020: last year €22.78 billion worth of European CLOs priced, while in March and April 2021, managers brought €21.48 billion to market

Global CLO league tables - April 2021 YTD
Global CLO league tables - April 2021 YTD

CLO pipeline: and breathe... issuance splurge clears the backlog
Over 20 deals remain in the CLO pipeline, despite a glut of issuance last week in which 38 transactions priced, totalling $18.1 billion