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Investment grade-rated equity tranches of collateralized debt obligations have not met expectations as tightening spreads in the fourth quarter made the deals unprofitable to issue.
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Prudential Retirement in the U.S. is marketing a novel guaranteed-income structure to defined-contribution pension plan participants.
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A unique collateralized bond obligation that features a portfolio of public sector finance reference obligations recently closed.
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Documentation is being prepared for variance swaps in the U.S., Europe and Asia.
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Lehman Brothers has promoted Jonathan Kitei, managing director and senior sales representative, to head of U.S. loan sales.
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Investment-grade buyers are pouring over a slew of bond deals with leveraged buyout protection already attached.
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Seasons Greetings! Deutsche Bank snuggled up at its internal Christmas party last Thursday night at 230 Fifth.
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The Loan Syndications and Trading Association held a small meeting last Wednesday to discuss what role it should play with regard to the total return swaps market.
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The Carlyle Group has been collecting information for a debt investor database that will be operational in January.
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Bear Stearns obtained lender consent to put a new $550 million green shoe provision into place for MetroPCS and concurrently draw on an existing $150 million green shoe that was priced over par for existing investors.
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This chart, provided by Citigroup Global Markets, tracks bid-ask prices for par credit facilities that trade in the secondary market.
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The following charts show the top five advancers and decliners in terms of % moves in the loan, bond and credit default swap markets for the previous week.