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
-
CLO manager CIFC is eyeing a September return to the new issue market after sitting on the sidelines to date in 2016, following its acquisition by FAB Partners earlier this month. -
Chenavari Credit Partners has said that European CLO single-B tranches appear "especially attractive" in the primary market, with issuance spreads at an average of 75bp over secondary during July.
-
NewStar Financial has issued its first ever broadly syndicated loan (BSL) CLO, the first offering from its newly created Arch Street CLO series, after marketing to investors in both the US and Europe.
-
US corporate credit manager CIFC reached a deal to be acquired this month by Jersey-based investment management firm F.A.B. Partners.
-
ABS market participants this week are awaiting word on the direction of interest rate policy, as US Federal Reserve chair Janet Yellen is expected to give guidance on the path forward at the Jackson Hole Economic Policy Symposium on Friday.
-
A summer rally in the European CLO market is driving asset managers from both sides of the Atlantic to start laying the groundwork for pitching debut deals to investors on the continent.
-
Two debut CLO managers, and a repeat US issuer are lining up new European deals, underscoring the attractiveness of the market. With spreads at record tights still offering investors scarce yield, European CLOs are set to enter the last leg of 2016 on a high.
-
The US CLO market has been on a tear this summer, with sources saying that the untangling of the Gordian knot of risk retention is giving the sector a boost and driving spreads to the tightest levels of 2016.
-
US credit investment manager HPS Investment Partners, formerly Highbridge Principal Strategies, is looking to issue its first ever European CLO, according to sources speaking to GlobalCapital.
