Top Section/Ad
Top Section/Ad
Most recent
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
More articles/Ad
More articles/Ad
More articles
-
The CLO and leveraged loan markets, despite running at white-hot levels, do not represent the same level of systemic risk to the financial system as the subprime RMBS model did during the last credit cycle, said Bank of America Merrill Lynch analysts on Monday. -
A small flurry of summer deal pricing activity pushed two CLOs and a buy-to-let RMBS transaction over the line on Friday.
-
Recent tweaks to the legal provisions and indentures in US CLO documents might increase the potential risks for debt investors, who may not fully appreciate the implication of the changes, according to a Moody’s report on Thursday.
-
A raft of CLOs that were issued during a turbulent 2016 are coming back to the market to be reset, and the higher spreads on offer are drawing attention away from brand new deals, according to sources.
-
Goldman Sachs as sole arranger announced a new euro CLO from AXA Investment Managers, the €412.7m Adagio VII, on Wednesday but the primary ABS market was noticeably quieter this week.
-
Corporate borrowers are being urged to prepare for the phase out of Libor, but loan documents are not yet up to the job of facilitating an orderly switch to a new rate, warned Fitch Ratings on Tuesday.
