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LevFin CLOs

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BWICs spike and spreads widen but market remains constructive
Resets and refis prominent in pipeline as loan market softens, offering respite from repricing wave
Dasha Sobornova joins from Akin Gump with experience across asset classes
Trade body for levfin investors turns to leading rating analyst
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  • SSA
    Kosovo is set to become the 66th member of the European Bank for Reconstruction and Development, as the bank continues its push into new territory.
  • Mazaya Qatar Real Estate Development Co has signed a $106.7m-equivalent eight year syndicated Islamic financing facility.
  • Bank commitments for Abu Dhabi National Energy Co’s $2bn-equivalent revolving credit facility are due by Thursday.
  • BNP Paribas is expanding its secondary loan and high yield bond sales and trading team in London and New York.
  • German healthcare group Fresenius is planning to refinance its term loan ‘A’ and revolving credit facility due in September 2013 with a new forward-start loan that will be syndicated by the end of December.
  • UBS’ collateralized loan obligation syndicate is prepping a $600 million CLO for Neuberger Berman and is also preparing two more deals for the first quarter of next year, putting to rest speculation that the Swiss bank’s CLO business may fall victim to the 10,000 cuts UBS has planned in its Fixed Income, Currencies and Commodities operations (FICC).