CLO liabilities trend wider with Voya CLO at 2022's widest funding costs
Voya Investment Management priced a new CLO via Royal Bank of Canada on Tuesday with the weighted cost of debt coming in at 281.93 basis points, making it the widest liability pricing of the year to date

BlackRock CLO triple As set new benchmark of 205bp
The emerging benchmark triple A spread for three-year reinvestment CLOs is 205 basis points, with BlackRock having placed first pay notes there on its latest offering, Magnetite XXXV

PGIM goes for three years of reinvestment with new US CLO
PGIM opted for a shorter three-years of reinvestment on its latest CLO

Investcorp prints Nochu-anchored Euro CLO with triple As at 160bp
The deal marks the return of Japanese bank Norinchukin to the European CLO new issue market

GoldenTree prints second US CLO new issue within three weeks
GoldenTree Asset Management on Friday priced its second new issue US CLO in less than a month, bringing the number of CLO transactions the manager has priced this year to four

Putnam adds to CLO comeback with second new issue
Putnam Investments, which made a return to CLOs in 2021 after a 17-year absence, has priced its second new issue deal of that comeback with triple A coupons starting at 200bp

"The CLO that started the wave of prints and sprints paid near 20bp more than the market average"
It is possible to hit a home run with a print and sprint CLO, but execution is difficult  

CLO market drifts wider with benchmark issuer CSAM's five-year deal
Credit Suisse Asset Management returned to the CLO market on Wednesday after taking June off

Can someone call the triple A? We’ve stalled
CLO issuers are in need of AAA roadside assistance. Despite the emergence of new buyers, a lack of senior CLO investors — particularly US banks — has brought the primary market to a halt  

CLOs at a glance (July 2022)
A listing of CLOs that have priced in the last month
 
 

   

They said it: "We are proud to be moving our industry in a direction that will bring greater liquidity..."
Brian Carosielli, co-head of global credit trading at Bank of America, on a new CLO trading platform 

Blackstone follows up static CLO with mid market deal
Blackstone Credit has begun July on an issuance spree as on Tuesday it priced its second new issue mid market CLO this year 

CLO spreads are not pricing in recession: JP Morgan
CLOs are priced fairly for a growth slowdown but not a recession, according to JP Morgan credit strategists, who warn spreads are at risk if US growth contracts

Sound Point breaks one month European CLO market silence as pipeline builds
After the longest pause in the European CLO primary market since December 2018, Sound Point has broken the silence with a static new issue while other managers are exploring static and print and sprints to get deals done

Blackstone prices US CLO market's ninth static CLO of 2022
Blackstone Credit has priced a new static CLO named Stratus CLO 2022-2

CLO triple As fetch new wides as Redding Ridge prints at 220bp
CLO triple A notes reached new wides on Thursday as Redding Ridge Asset Management placed its latest CLO's first pay notes at Sofr plus 220 basis points

Morgan Stanley Eaton Vance produces Thursday's tightest CLO execution
Morgan Stanley Eaton Vance priced a new CLO on Thurday, scoring the day's tightest triple A print in the process

Weekly US CLO volume tops $3 billion as AGL prices
AGL Credit Management brought weekly US CLO issuance over $3 billion on Thursday by printing a new issue deal via BNP Paribas

LCM looks to CLO print and sprint amid platform sale discussions
LCM Asset Management is marketing a new CLO, despite Creditflux reporting the platform is in discussions for a sale

New Benefit Street CLO prices tight of market averages
Benefit Street Partners priced a new CLO on Wednesday with triple A notes 3.8 basis points tight of the 10-day rolling average

Palmer Square's CLO volumes for 2022 pass $3 billion
Palmer Square Capital Management's 2022 US CLO volumes surpassed $3 billion on Tuesday after it priced its fifth new issue named Palmer Sauare CLO 2022-3

US CLO primary triple As reach new wides as Oak Hill prices at 210bp
Oak Hill Advisors priced a new CLO on Monday with a triple A coupon of Sofr plus 210 basis points

2022 mid market CLO volume hits $5.5 billion as Blue Owl prints new issue
Middle market CLO volume for 2022 rose to $5.5 billion on Friday as Blue Owl Capital priced its first new issue in over 12 months

Four-year CLO triple As hit 200bp with Golub reinvestment deal
Golub Capital Partners priced a new CLO on Friday named Golub BSL CLO 62(B) with triple A notes paying a 200 basis point coupon

Manager selection stakes are heightening as CLO pain points intensify: Barclays
CLOs’ slump in market value and piling of distressed assets have made differentiation between managers much more acute on key metrics, regionally and by vintage, according to Barclays credit strategists