Latest news
Latest news
Lower pricing across CLO capital structure does little to improve equity arbitrage
Manager tightens triple-A pricing by 27bp and avoids refinancing some junior mezzanine notes
Spread on triple-A rated notes 4bp wide of recent tights
More articles
More articles
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Guggenheim Securities has hired the former global head of fixed income loans at Lehman Brothers as a senior managing director in US leveraged loans and high yield. -
A capital markets report from the US Treasury said that post-crisis regulation has hindered the US securitization market, and proposes a set of regulatory tweaks largely not requiring Congressional involvement to ease the burden on market participants.
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Ladder Capital closed its first CLO backed by bridge loans on commercial real estate properties on Tuesday, the second time this year it has stepped into the capital markets with a deal from its own shelf.
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BlackRock and GSO are back in the European CLO market this month, following four deals in September from Accunia, Tikehau Capital, Cairn Capital and Partners Group.
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US CLO debt investors are skewing their investment portfolios in favour of new issue paper away from resets, despite the availability of collateral remaining a key concern, according to a JP Morgan survey.
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With an increasing amount of leverage available in the CLO market, hedge funds are creeping up the CLO capital stack to buy higher rated bonds, while insurers slip down the capital structure to buy riskier paper.
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The European Bank for Reconstruction and Development is to lend Dh217m (€20m) to CaixaBank to fund small and medium enterprise (SME) lending in Morocco.
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Two commercial real estate CLOs are understood to be in the pipeline following a bumper deal from Prime Finance last week, in what has been a hot year for the asset class.
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Drinks bottle maker Refresco has pared back the size of the euro tranche of a term loan ‘B’ and added a sterling portion as it looks to wrap up commitments for the deal on Tuesday.
