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

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

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

Deutsche Bank on track for European CLO comeback after nine-month break
Deutsche Bank is set to make a return to the European CLO primary market on Friday with its first transaction in nine months

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

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

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