Global CLO b-wic round-up: $8 billion of US CLOs listed in record-breaking March
Last week brought an end to the busiest month in both the US and European CLO secondary markets since at least 2014. $7.7 billion of US CLO paper was on sale in March with a further €1.8 billion of European CLO bonds available, bringing the total listed in Q1 to $13.9 billion and €3.6 billion

Palmer Square becomes third manager to tout special static sell-off CLO
Palmer Square Capital Management is the latest manager to unveil a forthcoming static CLO to make good from the loan market's sell-off following the coronavirus outbreak

European CLO triple Bs go from 99 to 73 in less than a month
European CLO mezzanine prices have fallen by almost 30 cents in less than a month, with a b-wic yesterday featuring a 2019 PGIM-managed CLO underlining the dramatic decline

US CLO double Bs struggle as 2020 deal drops 40 cents in three months
A gap is emerging between single A US CLO tranches and junior CLO debt after $33 million of single As changed hands yesterday via a b-wic with prices between 82 and 87 cents. But a 2020 CLO shows how fast and sharp the decline has been for junior CLO paper

Palmer Square static CLO reveals funding-cost spike since January
Palmer Square Capital Management yesterday priced its second static CLO of 2020, according to market sources – but pricing levels show the toll coronavirus-related volatility has taken on short-dated CLO liabilities

US CLO league tables: $2 billion reissue fires Apollo and JP Morgan to top spots
Apollo Global Management and JP Morgan teamed up to price the largest CLO of the 2.0 era in February that helped propel both to the top of the US CLO and global CLO league tables

GSO joins exclusive club of US CLO managers to price triple As under 100bp
GSO Capital Partners joined a select few US CLO managers that have priced a deal this year with triple As paying under 100bp

US CLO league tables: old deals get a fresh start in the new year
The majority of CLO issuance last month was in all forms of repricings, which totalled $4.8 billion and accounted for 54.5% of US CLO volumes

Global CLO league tables - January 2020 YTD
Global CLO league tables - January 2020 YTD

CLOs at a glance: Lightning strikes twice with static shocks

Palmer Square becomes first CLO manager to price twice in 2020
Palmer Square Capital Management has issued its second CLO transaction of 2020, returning to the market with a $511.5 million refinancing just weeks after pricing a $702.55 million static new issue

CLO pipeline: no rest for the wicked as new issues hit the market
CLO market participants do not have the luxury of easing their way back to work with the new issue market up and running and a pipeline that is filling up fast 

Palmer Square upsizes static CLO by $200 million and prices inside guidance
Palmer Square Capital Management priced a static CLO on Friday that was upsized by $200 million before pricing

Palmer Square markets static deal as 2020 CLO primary market kicks off
Palmer Square Capital Management is out of the gate first in the 2020 CLO primary market

CBOs aren’t fixated on interest rate moves
The loan sell off at the start of this year highlighted that CBOs are not a play on interest rates or bond prices — they’re taking advantage of the flexibility to rotate between loans and bonds

US CLO's anchor equity on sale for first time
The 23^rd anchor equity position in a US CLO has been listed on the secondary market today, with $36.875 million of Anchorage Capital 6,up for sale at 1.30pm New York time.

Palmer Square prices first five-year reinvestment CLO of the year
Palmer Square Capital Management on Friday priced its first market-standard new issue CLO of the year

US CLO round-up: Fed up of waiting
The US CLO market made a bright start this year, but 2019 now lags 2018 and 2017 after a weak August checked its momentum. This has left some pinning their hopes on a favourable outcome to the US Federal Reserve meeting this week, amid political overtures to up its game in the wake of the European Central Bank's stimulus package

Palmer Square continues static streak with fourth non-reinvesting CLO of 2019
Palmer Square Capital Management returned to market yesterday with its fourth static CLO of 2019 named Palmer Square Loan Funding 2019-4

CLO pipeline: managers look to avoid a repeat of 2018 with new issue flutter
US and European CLO managers are preparing to up the ante in September, but they will have to defy a trend set a year ago

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.

US CLO round-up: something old, something new, GSAM returns with newcomers too
GSAM is back pricing CLOs after 12 years away, while relative newcomers make swifter re-entries in the CLO market 

CLO pipeline: Barclays and Goldman branch out to mid market
The US CLO pipeline has been full in recent weeks and this continues, with 18 new issue CLOs and a further nine refinancings appearing this week.

Palmer Square brings single Bs back to its static CLOs as funding costs tighten
Palmer Square Capital Management priced its second static CLO of the year on Thursday named Palmer Square Loan Funding 2019-2, according to market sources