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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Corporate indebtedness in the US continues to be a focus for regulators, financiers and CLO investors, following the release of the 2016 Shared National Credit (SNC) review earlier this month. -
Top tier US CLO managers maintained their hold on the market in the first six months of 2016, with the list of top managers holding steady year over year.
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US CLO triple-A spreads are on a tear, with the latest offering tightening below the 150bp mark for the first time in 2016, buoyed by a broadening investor base and improved market sentiment.
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Société Générale this week appointed a new European head of leveraged loan syndicate, after the former levloan boss left the bank.
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The relatively low price of mezzanine CLO paper compared with other assets is driving a wave of interest from high yield corporate investors, market participants said this week.
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Information Management Network (IMN) has moved to secure the Eden Roc Miami Beach Hotel as a second host venue for is annual ABS East conference alongside the Fontainebleau Miami Beach, to accommodate an expected stampede of US CLO market participants.
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The US CLO market surged in July, with issuance picking up and spreads tightening, but industry insiders are cautioning that the sector still has a way to go before returning to the heights of the past few years.
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HSBC and Société Générale have underwritten a sterling loan for what is, according to two bankers, the first UK leveraged buyout since the country voted to leave the EU almost a month ago.
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Three of the 30 most commonly held company exposures in US CLOs were downgraded in the second quarter of the year by S&P Global Ratings, reigniting concerns around collateral quality in the sector.
