Refine Search
Article Categories
Strategy Tags
- Direct lending (4)
- Emerging markets (2)
- High yield bonds (7)
- Investment grade credit (5)
- Structured credit (2)
- CLO (55)
- Distressed debt (3)
- Leveraged loans (6)
- Synthetic/SRT (5)
- ABL Financing (2)
Geography Tags
-
Onex prints reset of European CLO deal from 2017 vintage
1 month ago
Onex Credt Partners resets a European BSL CLO first inked in 2017 via BNP -
European CLO round-up: senior spreads grind tighter in busy week for the market
3 months ago
Last week proved a busy one for European issuance, with no fewer than five deals pricing, all with AAAs below 150bps -
Napier Park prices first European new issue CLO of the year
5 months 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. -
Triple A delayed-draw structure helps European CLOs beat negative carry
5 months ago
The first quarter of this year saw a trio of unusual deals in the European market: new issues that include delayed-draw options on triple A coupons. It is the first time this facility has been seen on CLO triple A notes. -
European resets return as Carlyle reworks 2022 vintage deal
5 months ago
This week’s latest European CLO reset from Carlyle Group maintained the market’s trend so far this year for sub-150bps pricing levels -
Europe sees another delayed-draw AAA as Onex prices
5 months 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 -
Fair Oaks makes punchy return to European CLO primary
5 months ago
Fair Oaks Capital returned to the primary market for the first time in two years, getting tight pricing on its Fair Oaks Loan Funding V -
Permira prices tenth European Providus CLO
6 months ago
Permira Credit threw their hat into the increasingly crowded European ring with their first deal of 2024 -
CVC keeps it tight for new European CLO
6 months ago
CVC Credit Partners hit a milestone on Thursday when it priced CVC Cordatus Loan Fund XXX, which matched this year's benchmark AAA spreads -
European triple As drop below 150 as KKR prices new CLO
7 months ago
The somewhat limp activity in the European primary market so far in 2024 was given a kick along on Friday with the pricing of Avoca CLO XXIX, a new EUR 402.85m BSL CLO from KKR -
European CLO primary spreads still have a long way to go
7 months ago
Are European CLO spreads in the primary market cheap or expensive? Our latest research shows that while US managers can celebrate AAAs reaching the 150s, in Europe spreads still have a long way to go to reach historical norms. -
Axa ups the tempo for second European CLO reset this year
10 months ago
Europe saw its second CLO reset of the year last week as the 2022 vintage Adagio X was reset by Barclays -
Weak opening for markets as BoE makes new intervention and Asia sell-off extends
1 year ago
In the absence of the US market on Monday for the country’s Columbus Day holiday, global markets have extended their bearish direction following US jobs numbers on Friday that point to further hawkishness in the outlook for rate hikes -
Beneath the triple C: US CLOs take a dip in the triple C as Europe watches from the sun lounger
2 years ago
The US CLO market bore the brunt of downgrades to triple C in July and August, with a total of $6.22 billion of paper affected. European CLOs enjoyed a more relaxing summer holiday, with only 1 name representing €33.88 million worth of bonds downgraded to triple C. -
Blackstone prints Euro CLO triple As at tight 170bp
2 years ago
Blackstone priced its latest European CLO yesterday with triple As pricing at least 50bp tighter than current market levels -
Carlyle prepares to sprint after taking plunge with "unramped" European CLO
2 years ago
Carlyle Group has produced what is believed to be a rare print-and-sprint CLO in Europe -
Europe outpaces US as investors scramble to cover their shorts
2 years ago
Lifting of short positions has helped take European credit into a second successive day of outperformance against the US, with financial companies and some of the more recently volatile high yield names leading the way -
Chinese power crunch brings off day for credit as investor optimism dims
2 years ago
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 -
CLO pipeline: Birch Grove and Fort Washington dish out first 2021 deals as Carlyle goes for sevenths
3 years ago
CLO investors can feast on a range of deals in the new issue market over the next month. -
CLO pipeline: four US and two European managers prepare first 2021 CLOs
3 years ago
The CLO market is set to carry on roaring with the pipeline as full as ever despite the summer slowdown just around the corner -
CLO pipeline: Man GLG resurfaces from six-year absence as deals exiting call-lock fill pipeline
3 years ago
CLO spreads have leaked out in recent weeks but deal economics are still favourable, encouraging managers to come back to the primary market for the first time this year -
CLO pipeline: queue gets longer as Blackstone goes again and Sancus makes first move
3 years ago
The queue to price for US CLO managers is only getting larger with 18 new issue CLOs in the pipeline, according to market sources, along with 18 repricings and two new issue European CLOs and two mid market CLO resets -
Global CLO trading lab: Octagon CLO comes out top in CLO double B spike
3 years ago
Double B-rated bonds made up 40% of the European and US CLO secondary markets last week. $222 million of US CLO double B bonds were on sale and a further €105 million of European CLO double B items were listed -
Schroders and Oaktree launch global credit ucits fund
3 years ago
Schroders has partnered with Oaktree Capital Management to launch a global multi-strategy credit fund, Schroder GAIA Oaktree Credit fund, which will sit within Schroders' alternatives ucits platform -
CLO pipeline: and breathe... issuance splurge clears the backlog
3 years ago
Over 20 deals remain in the CLO pipeline, despite a glut of issuance last week in which 38 transactions priced, totalling $18.1 billion
Want all the latest news, comment, analysis and data?