Short duration CLOs are putting reset risk in the post: Barclays
The CLO market’s recent trend of shorter duration issuance could be setting up a problem for managers down the line that will impact their equity returns, Barclays has warned

Bain Euro CLO details emerge with delayed draw single B
Pricing details have emerged on a Bain European CLO the manager priced last Thursday

CLO arrangers take down triple As to get European deals completed
European CLO arrangers are taking down large chunks of triple A paper to get deals over the line amid market volatility, according to market sources. Others, meanwhile, have committed to investing in triple As to secure future mandates

CLOs at a glance (August 2022)
A listing of CLOs that have priced in the last month

Euro risk retention becomes must-have feature for US CLOs
For the past four years, risk retention-compliant US CLOs have been viewed as a luxury. But today issuers see a clear advantage to putting skin in the game

Making the grade: CLO managers move into IG bonds
CLO managers have been using the incredible volatility in credit markets this year to add an unfamiliar asset to their portfolios – investment grade bonds

Tikehau adds to triple-A discovery with first European CLO of year
Tikehau Capital on Tuesday night priced its first European CLO transaction of the year, via BNP Paribas

CVC issues print-and-sprint Euro CLO as Goldman marks comeback
Goldman Sachs returned to European CLO arranging duties last week as CVC Credit Partners priced a print-and-sprint deal

CSAM prints first European CLO in 12 months
Credit Suisse Asset Management has become the latest manager to navigate through challenging market conditions to price a European CLO

Alcentra prints European CLO with triple A coupon at 212bp
Alcentra’s Jubilee 2022-XXVI is the fifth European CLO to price in July, taking the month up to €1.89 billion. That is dwarfed by the 11 European CLOs that priced with a combined €4.78 billion in July 2021

Bridgepoint becomes control equity investor in 2021 CLO after secondary trade
Bridgepoint says it bought an additional 30% equity stake in its third European CLO, Bridgepoint CLO 3, meaning the firm has a majority equity interest in the deal at 61%. The price suggests the CLO is performing well 

Bank's European structured credit syndication head leaves industry
A CLO syndication specialist, who used to be a CLO trader, has left his role as head of structured credit syndicate after 18 months in the job

Experienced European CLO banker tipped to join Mizuho
The former head of European CLOs at Natixis is set to return to the industry after five years 

Blackstone prints Euro CLO triple As at tight 170bp
Blackstone priced its latest European CLO yesterday with triple As pricing at least 50bp tighter than current market levels

Pemberton confirms four hires including one CLO official
Pemberton has revealed four new senior hires across Europe including one CLO official, who reunites with former Spire official Rob Reynolds

Impact investor earns $146 million from US body for second CLO
An impact investment firm owned by M&G is poised to launch its second CLO, according to filings seen by Creditflux

European junior CLO debt can withstand downturn without taking principal loss: TwentyFour
European CLO single Bs are able to weather a “moderately pessimistic forecast” in which loan defaults spike to 6.5% for two years, without coming close to taking a principal loss, according to a blog written by TwentyFour Asset Management’s Elena Rinaldi.

Euro CLO triple As rise above 210bp as Anchorage prices with highest par sub
The deal also features the largest triple A par subordination 

Paul Hastings promotes pair in market-leading CLO team
Paul Hastings has promoted two structured credit lawyers to partner in London

Investcorp prints Nochu-anchored Euro CLO with triple As at 160bp
The deal marks the return of Japanese bank Norinchukin to the European CLO new issue market

Euro CLO league tables: Permira and Barclays Providus with sole new issue
Just one manager priced a European CLO priced in June, when Permira Credit and Barclays brought Providus VII to market

Global CLO league tables - June 2022 YTD
Global CLO league tables - June YTD

Quarterly rankings: Carlyle climbs to top of pack with CBAM boost
Carlyle Group has cemented itself as the largest manager globally, following its acquisition of fellow CLO manager CBAM

FinDox steps in on climate disclosure reporting for CLOs
FinDox has become involved in reporting on carbon data for ­climate-related financial disclosure regulations, having been mandated by leading CLO managers to source relevant ESG key performance indicators

Beneath the triple C: ebbs and flows leave triple C levels at a temporary stasis
Following a rising tide of downgrades in May the loan market stabilised somewhat in June, with seven issuers held by CLOs downgraded to triple C and a counter-swell of five names upgraded to single B.