Triple A investors lock in spreads for extra three months as Marble Point prices CLO
Marble Point Capital Management has a make-whole provision applied on its first new issue US CLO since February

US CLO managers show they are quite partial to refis as Aegon prices
Cedar Funding V has become the ninth US CLO to refinance its debt in the last month as part of a wave of partial refinancings

MUFG refis fixed rate tranches in two US CLOs
Mitsubishi UFJ Financial Group refinanced fixed rate tranches in CLOs managed by CBAM and Invesco yesterday

CLO managers turn out pre-covid warehouses by splitting them in half
CLO managers are working through their backlog of hung warehouses that were ramped before the coronavirus crash by splitting their deals in half, according to market sources

AGL again becomes largest US CLO issuer by volume since pandemic sell-off
AGL Credit Management has cemented its position at the top of the 2020 US CLO new issue league tables for the second time in as many weeks, overtaking Redding Ridge Asset Management after pricing AGL CLO 7 on Monday

GSO prints static CLO with triple As at 130bp
GSO Capital Partners has priced its second static CLO amid the coronavirus pandemic, naming it Stratus Funding 2020-1

Golub puts unfunded single A tranche into mid-market new issue CLO
Golub Capital has slotted an unfunded single A-rated tranche into a new middle market CLO named Golub Capital BDC CLO 4, which priced on Friday via Wells Fargo

Investors get creative with new ways to trade the curve
Credit index curve trading is gaining new features going into August, evidencing deeper liquidity for CDS strategies, but also that investors already have one eye on the upcoming September rolls.

Rampant technicals push cash and CDS in different directions
Central bank interventions, primary market issuance and high yield defaults have conspired to create major distortions in credit performance, which sources say are ripe for opportunistic trading.

CLOs at a glance: managers show creative side to price new issues

DoubleLine makes CLO comeback with first new issue in over a year
DoubleLine Capital has returned to the CLO primary market with Parallel 2020-1, its first new issue in over a year

CLO refi volumes reach $320 million this week as Fortress prices second deal
Fortress Credit Investors has priced a second CLO refinancing in the space of as many days, bringing the weekly refi volumes up to $318.72 million - the largest week for CLO refis by volume since February

Voya achieves second-tightest CLO pricing since sell off
Voya Investment Management has printed Voya CLO 2020-2 via Natixis, the manager's second CLO since the March sell off. A source close to the deal says the CLO was fully syndicated with multiple investors in each tranche

Refinancing of fixed CLOs gathers pace as Jefferies follows Natixis with triple MJX refi
Natixis has built on its drive to refinance CLOs' fixed rate tranches by arranging a $100 million transaction for Fortress Investment Group. And Jefferies has joined the fray, on Tuesday becoming the second bank to refinance CLOs amid the coronavirus pandemic as it repriced six tranches across three CLOs managed by MJX Asset Management

CSAM prices second-largest CLO following March loan market crash
Credit Suisse Asset Management has priced the second largest CLO of the pandemic era, according to market sources. Its latest new issue, named Madison Park Funding XLVI, came in at a supersized $596.2 million

Deutsche Bank makes CLO arranging comeback with first new issue of 2020
Deutsche Bank priced its first new issue CLO of 2020 on Friday, placing a $406.27 million deal backed by middle market loans for Monroe Capital

Five Arrows prices same-day CLOs in US and Europe for first time
Five Arrows Managers broke new ground on Friday after pricing two CLOs on one day for the first time in its history

Redding Ridge back as top CLO issuer post sell-off with new US and EU deals
Redding Ridge Asset Management has shot back to become the largest CLO issuer by volume since the sell off in March after printing a new issue apiece in the US and Europe, according to market sources

Secondary European CLO market kicks into gear with 38 bonds on sale today
The European secondary CLO market is revving up with 38 debt tranches up for grabs across five b-wics today. The auctions take place this morning New York time and feature about €75 million of CLOs from triple As down to single Bs

Eaton Vance prices in line with price talk with first CLO in 15 months
Eaton Vance returned to the CLO primary market on Wednesday with its first new issue deal in 15 months

Single A CLO investors fight volatility as market widens
Two single A-rated CLO tranches appear on a b-wic due at 1pm New York time Tuesday, after investors in the volatile rating band faced another week of widening spreads

Spreads tighten as GoldenTree and BlackRock print tightest CLO triple As since March
The CLO market moved tighter on Friday as GoldenTree Loan Management and BlackRock each priced new issues with triple As at 155 basis points over Libor, scoring a new record print following the coronavirus sell off in March

Angelo Gordon prices US CLO with make-whole on senior notes
Angelo Gordon has priced its first US CLO since the coronavirus outbreak, teaming up with Barclays to issue the $294.8 million Northwoods Capital CLO 22

Double As reach 200bp as HPS prices European CLO
HPS Investment Partners has priced its inaugural European CLO of 2020 via BNP Paribas, achieving market tights across nearly all parts of the capital stack

Eaton Vance embarks on annual foray into primary with upcoming CLO
Eaton Vance, one of the most patient issuers in the US CLO market, is marketing its first deal since April 2019, with senior notes guided at market tights