Latest CLO/CDO news

• Big bank US CLO arrangers struggle to find footing

  

  With liability costs rising and more CLO managers dealing with 'underwater' warehouses, some arranging banks have found it hard to do as many deals as they did last year.

  • 20 Mar 2019

• Legislative fix for dollar Libor not a failsafe option

  Among the myriad dilemmas tied to managing Libor exposures and the development of Sofr markets, one potential remedy has steadily gained more attention: leave it to the government to fix the problem.

  • 19 Mar 2019

• CIFC exec founds new CLO platform with PE titan

  

  Peter Gleysteen, founder of CLO manager CIFC, announced on Monday the launch of AGL Credit Management in partnership with Thomas H. Lee, one of the pioneers of the US leveraged buyout market in the 1980s.

  • 18 Mar 2019

• Sterling equipment ABS gets price guidance

  

  Bank of America Securities and Rabobank published price guidance for DLL UK Equipment Finance 2019-1 on Monday, with the senior notes being offered at 85bp-90bp over one month Libor.

  • 18 Mar 2019

• Japanese regulator allows CLO risk retention workaround

  

  The Japanese Financial Services Agency (JFSA) published risk retention rules on Friday that allow Japanese investors to avoid capital charges even if they buy debt from non-risk retention compliant deals.

  • 15 Mar 2019

• People Moves in Brief - March 15, 2019

  BofA names new pair to lead UK IB — UniCredit MTN banker joins SSA syndicate — Bank of America loses two traders in London — Allen & Overy names new structured finance partner

  • 14 Mar 2019

• Oaktree mandates Barclays for new CLO

  

  Oaktree Capital has mandated Barclays as arranger for a €819.65m CLO, with the senior and equity tranches announced as subject and initial price thoughts for the class ‘B’ notes at 185bp.

  • 14 Mar 2019

• Buyers rush into Johnson as floodgates open

  

  The leveraged finance market is feasting on the $10.2bn financing for the buyout of Johnson Controls’ batteries business by Caisse de dépôt et placement du Québec. Levfin players believe its success is in part due to a lack of jumbo supply in the US prior to the trade.

  • 14 Mar 2019

• Downturn in Japanese banking sector poses risks to CLO bid

  

  Several CLO issuers in the US and Europe have come to depend on Japanese investors to anchor triple-A tranches, but observers say Japan’s banks may no longer be able to soak up foreign paper if a bubbling banking crisis forces banks to clean up their act at home.

  • 13 Mar 2019

• Tetragon closes $430m CLO equity fund

  

  Tetragon Credit Income Partners announced on Wednesday that it had closed its third CLO fund aimed at acquiring majority stakes in CLO equity tranches.

  • 13 Mar 2019

CLO/CDO news archive