Latest CLO news

  • Goldman goes overweight on triple-A CLOs

    Goldman Sachs economist Marty Young recommended in a note on Tuesday that investors go overweight on triple-A CLO debt as spreads have not fully retraced versus comparable investment grade credit products.

    • 13 Feb 2019
  • CLO lobby returns from Tokyo with hope for retention workaround

    Representatives from the Loan Syndication and Trading Association (LSTA) and the CLO manager community returned from Japan this week following meetings with the Japanese Financial Services Agency, where they made a case for exempting broadly syndicated loan (BSL) CLOs from proposed risk retention rules.

    • 12 Feb 2019
  • Norinchukin’s dominance is bad for the CLO market

    The CLO market in Europe is off to a solid start for the year, despite the complaints of managers and arrangers alike that conditions are tougher than they have been for years. But look closer, and it seems worryingly narrow, with one investor dominating the top of the capital structure. That might be helping deals get done, but it is far from healthy.

    • 12 Feb 2019
  • Apollo sub Redding Ridge issues first euro CLO

    Apollo Global Management subsidiary Redding Ridge is in the market with its debut euro CLO arranged by BNP Paribas, out with price guidance for the deal on Tuesday.

    • 12 Feb 2019
  • NoChu run ends as Spire prices Aurium V CLO

    Spire Partners launched syndication on Aurium CLO V through Bank of America Merrill Lynch this week, the first euro CLO this year to be priced without an anchor from Norinchukin Bank. The senior notes were printed at 114bp, 6bp wider than the Japanese buyer’s recent commitments.

    • 11 Feb 2019
  • BlueMountain CLO prices as ABS pipeline opens up

    A €360.25m CLO from BlueMountain Capital, BlueMountain Fuji Eur CLO IV, was priced on Monday with the senior notes coming in at 108bps over three month Euribor, continuing the run at that level for all new CLOs to be sold so far this year.

    • 11 Feb 2019
  • Norinchukin deadlines said to push CLO mezz wider

    Japanese anchor investor Norinchukin is directing issuers to print new issue euro CLOs within a week, according to market sources, leading to pressure on syndicate desks to place the mezzanine, weaker spreads — and tougher times for equity investors.

    • 05 Feb 2019
  • Former head of Lloyds loan markets moves on

    Lloyds Bank's former head of loan markets, who subsequently became its global head of industrials and manufacturing, has left the bank.

    • 05 Feb 2019
  • Morgan Lewis adds to structured finance practice

    Law firm Morgan, Lewis & Bockius announced on Friday that it had added Paul St. Lawrence, an attorney with expertise in collateralized loan obligations, as a partner in its Washington, DC practice.

    • 04 Feb 2019
  • Carlyle, GSO price back to back euro CLOs

    The Carlyle Group and GSO Debt Funds Management both priced new European CLOs on Friday, selling the senior bonds at 108bps over Euribor, a strong sign for the euro CLO space as it clears the January hurdle.

    • 01 Feb 2019

CLO news archive

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Credit Agricole CIB 484.94 3 17.32%
1 BNP Paribas 484.94 3 17.32%
3 SG Corporate & Investment Banking 194.57 2 6.95%
3 HSBC 194.57 2 6.95%
5 Natixis 174.13 2 6.22%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Citi 397.10 3 12.77%
2 JPMorgan 300.50 3 9.66%
3 Deutsche Bank 200.50 2 6.45%
4 Credit Agricole CIB 193.60 2 6.22%
5 UBS 187.50 2 6.03%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 3,219.24 22 10.20%
2 JPMorgan 2,544.70 20 8.06%
3 Credit Suisse 2,364.95 15 7.49%
4 Goldman Sachs 2,331.78 17 7.39%
5 Barclays 2,307.33 19 7.31%