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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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  • FIG
    Investec, the South African financial institution, will sign a two year loan on Wednesday. The dual-currency deal was planned to be $750m, but may be increased after the strong reaction from lenders.
  • FIG
    Zurich Financial Services is set to launch a five year transaction next month with a margin of 30bp, in line with pricing seen in the investment grade market two months ago.
  • Zurich Financial Services is set to launch a five year transaction next month with a margin of 30bp, in line with pricing seen in the investment grade market two months ago.
  • Rumors have swirled in Europe that governments could be preparing an aggressive capital injection program for banks that would resemble the U.S. Troubled Asset Relief Program.
  • Car leasing firm Business Lease has refinanced a €125m syndicated loan supporting its activities in central Europe with a new €140m transaction.
  • Jordan is the fourth country from the Middle East and North Africa region to apply for investment by the European Bank for Reconstruction and Development (EBRD).