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GC Asia
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Barclays lands tightest 2020 CLO so far with second CIFC deal
Barcalys has achieved the tightest cost of liabilities this year for its CIFC Euro CLO II which saw triple-A rated notes priced 2bp inside any other European CLO issued in 2020 at 90bp over three month Euribor.
25 Feb 2020 -
CLOs edge closer to digitalization after success of AMR
The digitalization of the CLO space and its impact on traditional practices in the sector was front and center at a market update CLOs and leveraged loan at the conference on Monday, where speakers were focused on the advent of digital platforms, what is doable and what is premature.
25 Feb 2020 -
MUFG plans project finance CLO
Spurred by investors’ reach for yield and the drive to more off the run assets, MUFG is taking advantage of its expertise in project finance and CLO structuring, preparing a rare project finance CLO and another backed by aviation assets.
25 Feb 2020 -
Central American bank woos UK to be new member
The Central American Bank for Economic Integration is hoping to persuade the UK government to join it as a shareholder, holding out the prospect that UK companies building infrastructure in central America might be able to gain preferential funding on attractive terms now enjoyed by Korean firms.
20 Feb 2020 -
Golub Capital prices BSL CLO transaction
Golub Capital this week priced its first broadly syndicated loan CLO of 2020.
20 Feb 2020 -
RentPath acquisition to hand victory to creditors
A handful of CLOs are poised to benefit from CoStar Group's acquisition of troubled apartment rental listing firm RentPath, which has agreed to be acquired out of bankruptcy for $588m.
19 Feb 2020 -
Newly launched Axa fund targets growing SRT market
Axa Investment Managers has launched its eighth investment fund focused on investments in significant risk transfer securitizations, citing a growing market as more banks enter the sector.
19 Feb 2020 -
Apollo subsidiary Redding Ridge prices new CLO
Apollo Global Management subsidiary Redding Ridge has priced a $501.5m CLO.
18 Feb 2020 -
CLOs escape cov-lite stricture by borrowing from revolvers
Although European CLOs have a standard limit on the proportion of covenant-lite loans they buy, the definition of ‘cov-lite’ means that almost every term loan with a revolving credit facility elsewhere in the capital structure remains eligible for purchase by these vehicles.
17 Feb 2020 -
AGL prices $600m CLO transaction
AGL Credit Management has priced a $602.6m CLO deal, the largest transaction so far in 2020.
13 Feb 2020
