Latest news
Latest news
State of New Hampshire's innovative bond gets Ba2 rating
Falling leveraged loan prices promise tantalising returns, but the risk of defaults is rising
Some managers are choosing loans conservatively to avoid losses, but they will struggle to improve returns
More articles
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Ares European CLO XII was priced on Wednesday via Bank of America, with senior notes coming in at 108bp over one month Euribor, tighter than the senior debt from other CLO managers in recent months. -
The co-head of HSBC’s global capital markets business is moving to New York as the bank looks to win more market share in US leveraged finance.
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CLO equity investment specialist Eagle Point Credit Management priced an initial public offering of its CLO debt investment vehicle on Tuesday.
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The European CLO market is keeping up the pace, with alternative investor Tikehau pricing an €451.2m deal via Natixis at the end of last week, that was increased from €410.2. The ABS market, meanwhile, is slowing down ahead of August.
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GSO Capital, a Blackstone-owned entity, is marketing Dunedin Park, a €409.8m CLO arranged by Deutsche Bank, and the fourth brought by the issuer this year.
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Goldman Sachs has released initial price thoughts on a new €407.2m CLO for Barings.
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Norinchukin Bank has re-entered the US CLO market after pulling back in April, though is still holding out on European CLOs, and there may now be less incentive for it to take up its previously outsized role.
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Allen & Overy has added a partner to the firm’s leveraged finance practice in New York.
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Middle market credit investment manager MidOcean Partners has hired a former Apollo Global Management executive as CIO.
