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
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After a long wave of repricing activity, the amount of new money deals has increased in the US leveraged loan market and this is helping investors gain better terms and pricing. -
On top of a busy primary market CLO pipeline, a wave of expensively priced deals sold in 2016 are expected to be reset soon, but some analysts are confident the supply can be absorbed without too much disruption to spread levels.
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Palmer Square Capital Management sold a new CLO on Wednesday, as US CLO analysts are predicting that high levels of supply are likely to put pressure on spreads for the remainder of the year, and rating agencies warn on riskier behaviours seeping into leveraged loan and CLO markets.
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Russia’s Bank for Development and Foreign Economic Affairs (VEB) has signed an agreement with China Development Bank that could see the Chinese state run lender provide up to $9.8bn-equivalent in loans to finance joint projects between the two institutions.
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THL Credit has acquired the CLO unit of Chicago-based loan manager Kramer Van Kirk Credit Strategies.
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Natixis Investment Managers has bought MV Credit, the private debt investment firm, from the partners of the firm.
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Small and middle market focused lender Kartesia has hired Sharif Anbar-Colas as portfolio manager to focus on CLO investments.
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GlobalCapital has learned that Citigroup is marketing the equity for BlackRock’s sixth European CLO, which is expected to be around €410m in size.
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BlueBay has hired Sid Chhabra as head of structured credit and CLOs in London, and plans to establish a new range of global structured credit and ABS strategies.
