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European double B spreads widen as loans and bonds sell off
1 day ago
After a strong start to the year, European double B spreads moved out during April in both the primary and secondary markets, although some managers were able to resist the turn better than others. -
CLO funds maintain strong start to 2024 to stay top year to date
1 day ago
The first quarter of 2024 has been a memorable one for CLO funds, as the category continues its dominant spell, claiming 7 of the top 10 spots in March -
M&G is back with European CLO number two
4 days ago
Almost exactly one year after its European managerial market debut, M&G Investment Management returned to price Margay CLO II on Monday -
Brigade prices new European CLO
8 days ago
Following a quiet period on the primary market, Brigade Capital Management returned to the primary market this week with its first European issue of the year -
New European CLO prices with triple As at 145
17 days ago
After the lowering of the current European CLO triple-A benchmark last week, levels continued to tighten today -
European CLO triple As hit 146
18 days ago
European senior spreads hit a new tight last week in a new CLO with the tightest weighted average cost of capital of any European CLO so far this year -
Napier Park prices first European new issue CLO of the year
22 days ago
Priced this afternoon, Napier Park’s third deal of 2024 marked its first European offering this year – a new-issue CLO valued at EUR 456.9m, arranged by Natixis. -
European reset highlights weakness in mezz despite robust senior demand
24 days ago
Partners Group priced its second European CLO of the year last Thursday – a EUR 406m reset of the 2022-vintage Penta CLO 12 -
Fund performance
29 days ago
In February, CLO funds once again claimed the majority of top positions in our fund ranking — this time taking eight of the top 10 spots (see table below). -
Neuberger Berman keeps it tight for new European CLO
29 days ago
The European market saw another deal print at this year’s record tight of 147bps yesterday, when Neuberger Berman priced its first Euro deal of 2024 -
Napier Park resets 2017 vintage
1 month ago
Napier Park Global reset its Regatta IX Funding yesterday according to market sources, adding four tranches and a fixed-rate coupon -
Palmer Square joins the European CLO index party
1 month ago
Palmer Square is the latest firm to launch an index designed to benchmark the European CLO market, following two other launches in March. -
Another European CLO single B gets drawn by Blackstone
1 month ago
Blackstone priced its second delayed draw issue in three weeks via BNP Paribas, this week targeting Glenbrook Park CLO -
Bridgepoint hits the mark with sixth European CLO
1 month ago
As new figures showed the European CLO market enjoyed its strongest first quarter since 2007, Bridgepoint Capital became the first manager to price a European CLO after Easter -
Nassau joins delayed draw issuance wave
1 month ago
The latest manager to draw down a delayed draw tranche in the run-up to Easter was Nassau Corporate Credit, the ninth such draw-down so far this year -
Europe sees another delayed-draw AAA as Onex prices
1 month ago
Onex Credit Partners became the third manager to bring to market a deal with a triple-A tranche in a delayed-draw format, when it priced OCP Euro CLO 2024-9 yesterday -
Rockford Tower prints the first short-dated European CLO this year
1 month ago
Rockford Tower has reset Rockford Tower Europe CLO 2018-1 in the first short-dated European deal of 2024 -
Carlyle joins European rush with new CLO
1 month ago
Carlyle returned to the European CLO market for the first time in 18 months with Carlyle Euro CLO 2024-1 -
Deutsche Bank and PSL launch index for European CLOs
1 month ago
Deutsche Bank has launched a total-return benchmark index for euro-denominated CLO debt. -
Blackstone CLO gets bushier as delayed draw tranche issues
1 month ago
Blackstone added its contribution to 2024’s accelerating run of delayed draw single-B issues yesterday, as it priced a drawn-down class-F tranche -
CLO round-up: mid-March 2024
2 months ago
Our roundup of all the action half-way through another spectacular month for the CLO market -
Long delayed European CLO feature is delayed no longer
2 months ago
Since the beginning of this year six European CLOs have priced class F delayed draw issuance as what was once a theoretical leverage boost has become a regular occurence -
European CLO reset matches market tights
2 months ago
The triple-A spreads on a European reset matched the tightest seen in European new-issue this year with the restructuring of a 2022-vintage transaction yesterday -
European reinvestment periods are ticking up, but we're not at 2021 levels yet
2 months ago
With market sentiment running at strong levels through the first quarter of this year, investor demand for new issuances has been likewise strong – and that’s been reflected in a continued uptick in the length of reinvestment periods for European CLOs -
European companies reprice EUR 16bn of loans in 2024 as window opens
2 months ago
When the European loan market started to talk about rates peaking late in 2023, repricing rehearsed a comeback, but did so effectively in January this year
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