CLOs

  • Destination: Dublin as Dutch VAT ‘earthquake’ sends CLO managers scurrying

    Destination: Dublin as Dutch VAT ‘earthquake’ sends CLO managers scurrying

    The CLO industry is expected to make an exodus from the Netherlands as managers with deals in the pipeline look to domicile their warehouses in Ireland. This follows a court ruling in the country, where up to a fifth of the market is located, which stings managers for a tax on management fees in a move that could shrink their income and reduce deal volumes. Tom Brown reports

  • Barclays lands tightest 2020 CLO with second CIFC deal

    Barclays lands tightest 2020 CLO with second CIFC deal

    Barclays has achieved the tightest cost of liabilities this year for its CIFC Euro CLO II, which saw triple-A rated notes priced 2bp inside any other European CLO issued in 2020 at 90bp over three month Euribor.

  • CLOs edge closer to digitalization after success of AMR

    CLOs edge closer to digitalization after success of AMR

    Digitalisation and its impact on traditional practices was front and centre at a CLOs and leveraged loan event at the SFVegas conference on Monday, where speakers were focused on the advent of digital platforms, what is possible and what is premature.

  • MUFG plans project finance, aviation CLOs

    MUFG plans project finance, aviation CLOs

    Spurred by investors’ reach for yield and the drive to more off-the-run assets, MUFG is taking advantage of its expertise in project finance and CLO structuring, preparing a rare project finance CLO and another backed by aviation assets.

  • Central American bank woos UK to be new member

    Central American bank woos UK to be new member

    The Central American Bank for Economic Integration is hoping to persuade the UK government to join it as a shareholder, holding out the prospect that UK companies building infrastructure in central America might be able to gain preferential funding on attractive terms now enjoyed by Korean firms.

  • CLOs escape cov-lite stricture by borrowing from revolvers

    Although European CLOs have a standard limit on the proportion of covenant-lite loans they buy, the definition of ‘cov-lite’ means that almost every term loan with a revolving credit facility elsewhere in the capital structure remains eligible for purchase by these vehicles.