Euro refi CLO triple As hit 78bp - 1bp wider than 5yr deal in March
Cairn Capital partially refinanced its 2018 European CLO Cairn CLO X, highlighting the widening trend in triple As but tightening in mezz refi notes

Global CLO league tables - May 2021 YTD
Global CLO league tables - May 2021 YTD

CLO pipeline: queue gets longer as Blackstone goes again and Sancus makes first move
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

CLO pipeline: US market on track for June boom
CLO issuance is set to boom in the coming weeks with the pipeline ballooning as the market looks ahead to June

BofA hires US CLO structurer from JP Morgan
Bank of America has hired a former JP Morgan official to its US CLO structuring team

Fidelity issues loan-format triple As in new US CLO via Bank of America
Fidelity Investments has priced its second new CLO of 2021, naming the deal Ballyrock CLO 16

AGL focuses on ESG-compliance with $603.7 million CLO via BofA
AGL Credit Management has teamed up with Bank of America to issue a new $603.7 million CLO named AGL CLO 12

CLO pipeline: Five out, five in as market digests new issuance wave
Five new issue US CLOs priced from last week’s pipeline, but five more have replaced them in this week's edition of our pipeline report

Napier Park slashes Euro CLO costs on post-covid deal reset
Napier Park has cut over 90 basis points off the cost of CLO financing on a post-covid deal, Henley CLO II

CLO pipeline: new issue becomes name of game with 14 managers preparing to price
Only $3.2 billion of CLO paper priced globally across all forms of pricings this past week. But the market looks to set to explode back into life with 14 US CLO new issues in the pipeline

Single Bs and periphery in favour as European HY market deleverages: BofA
Single B, periphery, leisure, retail and services high yield credit all look to offer value, amid indications the European market is deleveraging quicker than expected

Global CLO league tables - April 2021 YTD
Global CLO league tables - April 2021 YTD

Structurers tempted by buy-side perks amid CLO bonanza
Do you have experience structuring CLOs? If the answer is yes, then your skills are in demand, with asset managers keen to add CLO capital markets specialists amid the onslaught of CLO transactions that have taken place this year

BofA and State Street divided over CLO convertibles
A split has emerged in the approach between the two big buyers of triple A-rated CLO tranches that are structured as loans

Canyon joins exclusive group of 2020 CLO resetters with upsized deal
Canyon Partners became one of the early resetters of a 2020 CLO on Friday, upsizing the deal by $165.5 million in the process

Oak Hill scores April's largest US CLO
Oak Hill Advisors returned to the primary market on Wednesday to issue the largest new US CLO of the month

Apollo poaches two US CLO structurers as sell-side exodus continues
Apollo Global Management has snapped up US CLO structurers from Bank of America and Barclays in what is fast amounting to mass migration away from CLO origination roles

Loan triple-A buyer adds option to convert, but keeps faith in CLOs
A CLO triple A investor has developed its CLO investment strategy by embedding an option that allows the bank to convert its CLO exposure from loan to note format

CLO pipeline: go long! new issues and resets push refis aside
The CLO market is ready to go beyond refinancings - after this year's opening blitz of those deals - into the longer tenored territory of resets and new issues

BofA reveals top CLO managers through covid by market value and distributions
Bank of America's research desk has highlighted eight CLO managers with the best performance statistics through the covid-19 crisis, based on market value change and interest distributions

Spire slashes 70bp off CLO funding costs as it upsizes 2020 deal in reset
The London-based manager worked with Bank of America to reset the deal late Friday, upsizing the CLO to €447.7million from €425 million at issuance

Citi and BofA to bring others on board with groundbreaking CLO/loan b-wic platform
Further details have emerged of Citi and Bank of America's multi-dealer trading platform for CLOs and loans, nicknamed project octopus, with officials at Citi telling Creditflux that they are accelerating talks with dealers to join the initiative

BofA and Citi unveil multi-dealer platform for CLOs and loans
Bank of America and Citi have joined forces with plans for a multi-dealer CLO and loan platform which will cover trading, data and analytics

Credit funds at a glance (April 2021)
A round-up of fundraising and people moves

Brigade, GoldenTree and Sculptor reset $1.5 billion of CLOs
Brigade Capital Management, GoldenTree Loan Management and Sculptor Capital Management took to the CLO primary market on Friday to price a combined $1.53 billion in CLO resets