Latest CLO/CDO news
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.
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.
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.
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.
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.
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
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.
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.
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.
Tetragon Credit Income Partners announced on Wednesday that it had closed its third CLO fund aimed at acquiring majority stakes in CLO equity tranches.
Go to GlobalCapital's Securitization data pages for our dealflow database, plus details of priced European and US CLOs and structured finance bookrunner league tables.
Latest securitization people & markets news
- First STS deal prices after PCS granted authorisation
- People moves in brief
- Italy to renew GACS for two years without UTP clause
- Nomura takes complex debt bankers from Deutsche
- CIFC exec founds new CLO platform with PE titan
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Latest news by market and league table performance
|Rank||Lead Manager/Arranger||Total Volume $m||No. of Deals||Share % by Volume|
Bookrunners of Global Structured Finance
|Rank||Lead Manager||Amount $m||No of issues||Share %|
|3||Bank of America Merrill Lynch||17,976.22||56||9.49%|
|4||Wells Fargo Securities||16,568.24||48||8.75%|