CLOs

  • GlobalCapital’s Loan Awards poll is open!

    GlobalCapital’s Loan Awards poll is open!

    GlobalCapital’s poll to determine our Syndicated Loan and Leveraged Finance Awards 2019 is now open. We would be delighted if you would take this opportunity to pick the deals and firms that have made the most difference to loan markets in 2019. We remind you that an institution cannot win a category it hasn't voted on.

  • Rates desks seek CLO tranches for spare parts

    Rates desks seek CLO tranches for spare parts

    Rates trading desks are seeking owners of triple-A European CLO tranches, because of the value of the embedded Euribor floors, which convert negative Euribor prints to 0%. These can be stripped out and sold to the market, monetising a feature of the bonds that has become sharply more valuable as euro interest rates have plunged this summer.

  • Capital Four unveils CLO debut with ESG slant

    Capital Four unveils CLO debut with ESG slant

    Danish sub-investment grade boutique Capital Four has unveiled its long-rumoured CLO debut, a €359m deal with ESG investment criteria, an increasingly popular approach in European CLO structures.

  • People moves in brief

    People moves in brief

    MUFG hires derivs head from HSBC — ex-Stan Chart chief to chair ICG — DCM banker goes to sustainable finance centre

  • CLO equity funds lag behind net asset value

    CLO equity funds lag behind net asset value

    The largest listed funds buying CLO exposures are trading well below net asset value, suggesting some end investors see the asset class having worse prospects than the managers active in the sector. But part of the problem comes from managers’ marking of their investments, which has kept the NAV high for one of the sector’s largest players, GSO’s risk retention fund.

  • Loans in Brief: October 4, 2019

    Suez issues rare 40-year US PP — Sopra Steria places Euro PP notes of rare size — Hafnia sails loan refi into port— Acquisitive Sonnedix returns to loans — Mesto builds demerger cash pile

  • ICG names new chairman

    Private equity and debt investment group Intermediate Capital (ICG) has named former Standard Chartered chief executive Mervyn Davies its new chairman, replacing Kevin Parry.