Sound Point grows reinvestment period with second European CLO of 2020
Citi has teamed up with Sound Point Capital Management to price a €340.2 million deal named Sound Point European CLO IV

Credit Suisse registers €1 billion euro CLO issuance in October as Partners prices
October European CLO issuance stands at just over €2.7 billion, the largest monthly volume since the March sell-off

Sculptor returns to European CLO market after 14-month absence
Sculptor has priced its first European CLO of the year via Barclays. The deal brings CLO issuance in October so far to a strong €2.4 billion and year-to-date issuance to just over €17 billion

Napier Park completes second euro CLO post-covid
Napier Park Global has priced its second European CLO post-covid, teaming up with BNP Paribas to issue the €353 million Henley CLO III on Wednesday

Hayfin readies second new European CLO with Goldman Sachs in three months
Hayfin Capital Management is preparing to price its second CLO via Goldman Sachs in the space of three months

Euro CLO round-up: fluctuating spreads give mixed signals
Last week was one of the European CLO market’s busiest since the coronavirus crisis began, as four managers brought new deals to market – adding €1.35 billion

Euro CLO primary mezz snaps wider but senior holds firm as Ares and PGIM print
Fears around a second wave of coronavirus pandemic have pushed European mezzanine spreads wider since September, with new CLOs from PGIM and Ares Management underlining this shift

Four-year CLOs return to Europe as CBAM makes breakthrough
Citi returns to the European CLO market after a six month hiatus, while CBAM delivers Europe's first four-year CLO post covid

European CLO leverage battered

Relative value plays swell secondary
The secondary CLO market has been revived this year as volumes shatter 2019 totals. Investors are finding that secondary values outweighs that in primary, with the added bonus of full portfolio disclosure

CLOs at a glance
A listing of CLOs that have priced in the last month

Investcorp completes second largest European CLO since March sell-off
Investcorp has upsized its latest European CLO since marketing, with the manager pricing a €419.6 million transaction

Redding Ridge prints third European CLO since March sell-off
Redding Ridge Asset Management has priced its latest European CLO named RRE 5

Six triple Bs trade in line with primary as 78-item euro CLO b-wic concludes
All 78 European bonds that appeared on a b-wic yesterday at 9am New York time (2pm UK time) traded with colour - strongly suggesting that the auction represented the unwind of a fund.

Barings prints largest post-covid European CLO via Natixis
Barings priced the largest European post-covid CLO on Friday in a €452.8 million transaction named Barings Euro CLO 2020-1

PGIM embarks on European CLO comeback with first deal since early March
PGIM is set to price its first post-covid European CLO as the manager markets Dryden 79 with triple A notes within range of a deal which it priced in early March

Investcorp markets third 2020 European CLO with triple As guided at 110bp
BNP Paribas is arranging a new CLO for Investcorp Credit Management, marking a first time partnership. The pair expect to price the transaction early next week, with a portfolio that is about 45% ramped as things stand

Global CLO b-wic round-up: CLO lower mezz tightens while equity investors strive for duration
A large supply of CLO paper flooded the secondary market last week as $1.5 billion of US CLO bonds and €370 million of European CLOs were listed, according to CLO-i

Fair Oaks sprints its way to second European CLO in four months
Fair Oaks Capital has priced its third European CLO transaction and second in four months, according to market sources, with the London-based manager opting for a print-and-sprint route for this deal.

Euro CLO primary spreads hit new tights as BlackRock prices first 2020 deal
European primary CLO spreads have finally begun to tighten, as BlackRock today printed triple A notes on BlackRock CLO X at Euribor plus 120 basis points

Fair Oaks rotates to Euro CLO equity after 32% gain on double Bs
Fair Oaks Capital is starting to rotate back to CLO equity positions after taking advantage of the stabilising market and using profits from its higher-quality, more opportunistic trades earlier this year to carefully dial up the risk

It’s been a while — how’s tricks?

CLOs at a glance: CLO managers are quite partial to a refi
There was a wave of CLO partial refinancing in August as equity investors capitalised on lower interest rates to cut the coupon on fixed rate tranches

Deutsche Bank upsizes comeback European CLO in €344 million GSO deal
GSO Capital Partners has issued its second CLO in Europe since the coronavirus pandemic outbreak, upsizing the transaction by almost €50 million in the 24 hours before pricing

Palmer Square prices first European CLO
Palmer Square Capital Management has priced an inaugural European CLO via JP Morgan