German real estate co hits new wides as single names catch up with index rout
Adler Real Estate is again one of the biggest movers in the European credit market, as the week comes to a bearish close and October begins with heightened uncertainty

Adler resumes downward slide as European real estate woes mount
Market sentiment is weighiing heavily on European real estate once again, with Adler bonds and CDS in particular adding to their recent deterioration

Manager wins £1.7 billion IG credit mandate from UK's St James’s Place
The UK wealth manager has awarded a £1.7 billion ($2.28 billion) global invevstment grade credit mandate

Investors shrug at new Evergrande bond deadline a week on from roll havoc
Chinese real estate giant Evergrande looks unlikely to meet a $45 million bond payment due on Wednesday despite reports it plans to sell a $1.5 billion commercial bank stake. But credit markets are showing very little reaction despite initial default concerns having up-ended CDS index rolls only last week

Healthcare M&A offers diverging prognoses in high yield as market recuperates
Grifols, the Spanish healthcare business, is making a push wider at odds with rallying markets, having brought €2 billion equivalent of bonds to back its acquisition of European plasma player Biotest

Chinese power crunch brings off day for credit as investor optimism dims
Concerns about a China slowdown, Germany's election result, rate hikes and the US government's inability to lift its debt ceiling have contributed to a sharp move wider in credit, as investors attempt to digest a variety of big unknowns

Carlyle sets new European CLO triple A benchmark as prints drop below 100bp
99 basis points over Euribor is the new triple A benchmark after Carlyle Group printed its second European new issue CLO of the year 

Anchorage prints 60th Euro CLO new issue of 2021
Anchorage Capital has priced the 60^th European new issue CLO of 2021, taking new issue volume above €24 billion

Resets return as Oaktree reworks and upsizes 2020 European CLO
Oaktree Capital Management has become the latest manager to rework its 2020 European CLO

HY set to roll after rocky week scuttles investors
Market participants are holding their breath ahead of the roll of US high yield index CDX HY, after a week of volatility and fund outflows

Ares prices tight on 2019 Euro CLO refi
2019 Euro CLOs continues to be the prime vintage for refinancing with Ares Management becoming the latest manager to rework a deal

CIFC European CLO head leaves on eve of deal pricing
CIFC Asset Management's European chief investment officer has left the firm resulting in two senior US officials plugging the gap on a short-term basis 

Over 1,000 Euro CLO tranches under observation with Fitch's new rating methodology
Fitch says it has placed 1,246 tranches rated B- to AA+ from 212 European CLO tranches under criteria observation, following an update to its CLO ratings methodology

Credit rally extends as Fed hurdle passes and Evergrande views evolve
Credit markets are rallying for a second day, after the US Federal Reserve meeting indicated a shortening timeline to rate hikes but no shocks. A key deadline for China Evergrande bond payments still overshadows the Thursday session, but investor expectations have gravitated to a more localised impact for any fall out

GIB brings in ESG expert for fixed income expansion
GIB Asset Management has hired from Abrdn as it looks to grow beyond emerging market credit and index strategies 

Barclays fills gap by hiring global macro credit trading head in New York
Banks are moving quickly to make sure they are staffed up in credit trading with Barclays bringing in an experienced trader in New York

US and European triple As diverge in Black Diamond multi-currency CLO refi
Black Diamond Capital Management has partially refinanced its 2019 European CLO, Black Diamond CLO 2019-1, which has its triple A notes split three ways through a mixture of euro-denominated and US dollar-denominated tranches

Credit optimism returns on Evergrande and Fed but big questions loom large
Credit markets have moved onto a firmer footing, with one day of this week’s US Federal Reserve meeting out of way and troubled Chinese real estate behemoth Evergrande having negotiated a domestic yuan bond payment. But there is plenty of room for upset in the coming sessions

Natixis poaches structured credit sales official from NatWest in London
Natixis has bolstered its European structured credit sales team

Real estate panic brings turbulent changeover for credit indices
New credit derivative index series have emerged at much wider levels, after a turbulent market rout made roll day more challenging for participants

CLO Census 2021 set to go live with new category for best investors
The Creditflux CLO Census 2021 is about to open and this year there is a new category to determine who the market perceives to be the best CLO investors across equity, junior debt and senior debt tranches

ICG prints 2019 Euro CLO refi with tight triple As
Intermediate Capital Group has become the latest manager to partially refinanced its 2019 vintage European CLO, St Paul’s CLO IX

Goldman prices two European CLOs in a day
Goldman Sachs priced a pair of European CLOs on Friday to break a near six-month gap from European new issues

Blackstone edges the European market tighter with third new issue of the year
Blackstone Credit priced Dillon’s Park on Friday via Deutsche Bank, according to market sources, for its third new issue of 2021 after Carysfort Park in March and Rockfield Park in June