.png){kind=logo}
GC Asia
Asset managers snatch all Banif mezz, and most of senior
Asset managers from the UK and mainland Europe took a huge proportion of Banco Internacional do Funchal’s (Banif) recent dual tranche SME CLO, snapping up all the mezzanine and leaving bank treasury accounts scrapping for what was left of the senior bonds.
Banif priced Atlantes AME 4’s €465m of A-/A rated 1.35 year bonds at at 98bp over three month Euribor, and its €55m of BBB/BBB rated 2.93 year mezzanine notes at 148bp over the same benchmark last week.
The senior notes drew 31 investors and were 1.5 times ...Already a subscriber? Login
-
Latest news from Securitization
-
More managers gravitate toward AMR repricing feature
15 Jul 2020 -
Split views on UK RMBS secondary prices following stamp duty cut
15 Jul 2020 -
Smaller non-bank lenders ‘won’t survive’ BoE funding rejection
15 Jul 2020 -
Afme: coronavirus has strengthened the need for CMU
15 Jul 2020 -
SoFi takes second shot at OCC bank charter
14 Jul 2020
-
-
Latest news from Securitization
-
More managers gravitate toward AMR repricing feature
15 Jul 2020 -
Split views on UK RMBS secondary prices following stamp duty cut
15 Jul 2020 -
Smaller non-bank lenders ‘won’t survive’ BoE funding rejection
15 Jul 2020 -
Afme: coronavirus has strengthened the need for CMU
15 Jul 2020 -
SoFi takes second shot at OCC bank charter
14 Jul 2020
-
