Five Arrows CLO points to triple A spreads settling back inside 100bp
Triple A spread widening for European CLOs has stalled as Five Arrows prices a new issue deal

Bain teams with Goldman Sachs to price its second European CLO of 2018
Bain Capital returned to the CLO primary market yesterday with its second new issue in Europe of the year

Rolling the dice on Turkey and Italy
Gambling specialists with operations around the Mediterranean are facing political risks and currency falls – but there are opportunities to hit the jackpot if investors play their cards right

Steelmakers forge links in face of overcapacity

ICG reissues three European CLOs still bound by call locks in risk retention move
Intermediate Capital Group has shifted its CLO risk retention strategy to an originator structure by reissuing three of its deals

GSO prices €549.75 million short WAL reset of 2013 European CLO
GSO priced Europe’s second largest CLO transaction of 2018 yesterday, according to market sources

JP Morgan launches four fixed income ETFs
"We see particular opportunities for growth and adoption of fixed income strategies within ETFs which is why we’re heavily investing in this space” 

Term structure is being developed for floating rate benchmark SOFR, says LSTA
The Secured Overnight Financing Rate, known as SOFR, is being developed into a term structure

Which flavour do you favour?
We asked four direct lenders for their opinions on four fictional European borrowers operating in software, food, consumer loans and retail – and found they had similar tastes.

Life sciences investment firm raises $154 million from share issue
BioPharma Credit, an investment company focused on the life sciences industry, has raised approximately $154 million to fund future investment opportunities and commitments already made

Payday: Investors go for broke on regulatory bet
New regulations could seriously hamper US payday lenders – but bond holders are betting the rules won’t be enacted

BlackRock prices triple As at 85bp in new European CLO
BlackRock priced its second new issue European CLO of 2017 yesterday

Goldman Sachs prices London CLO manager's first new deal of 2017
The manager has priced its first new issue CLO since December 2016, according to market sources

European CLO manager reaches 100% refi/reset record
A London-based credit firm teamed up with BAML to price a reset of a 2015 European CLO yesterday

Europe CLO round-up: issuance tops €30 billion as Accunia and Tikehau price
European CLO volumes have now surpassed €30 billion for the year. New issue, resets and refinancings have contributed 38.3%, 33.61% and 28.1% respectively to 2017’s total.

French asset manager prices its first CLO of 2017
A Paris-based firm priced the €435.15 million deal yesterday, according to market sources

Alcentra prices its sixth European CLO transaction of 2017
The €516.8 million deal pays the tighest triple-A spread following a Euro reset since April

Bain prices its first new issue European CLO of the year
The deal, which was arranged by Citi, will close on 12th October according to market sources

KKR slashes cost of debt by 46bp following latest European CLO reset
The €419.5 million deal was arranged by Goldman Sachs, and cut the cost of debt to 161bp according to market sources

CLO round-up: it's a good time to be a debut manager
New managers are taking advantage of welcoming debt investors by speedily raising CLOs. Our analysis shows that 2017 is the perhaps the best time to price a debut CLO since 2013

Tennenbaum CLO suggests increasing demand for mid-market deals
Middle-market CLO spreads have taken a giant step tighter following Tennenbaum Capital Partners' $350.85 million CLO

Investcorp resets CLO, which was Europe's first Volcker-compliant deal
Back in 2014 Investcorp Credit Management (then known as 3i Debt Management) priced Europe's first US-friendly 2.0 CLO, answering the call as market participants asked: "When will there be a Harvest for the world?" The manager has now reset that groundbreaking Harvest IX CLO

Brigade cruises into Europe with debut Armada CLO
Brigade is the 40th manager to price a 2.0 European CLO after pricing Armada Euro CLO. 

European CLO manager wastes no time in directing reset
Morgan Stanley has reset a European CLO, with new triple-A notes pricing at 90bp

Dublin-based manager looks to reset third CLO of 2017
The manager is working with Goldman Sachs to arrange the reset, and is seeking to upsize the deal's debt trances to €373.5 million