Latest news
Latest news
Resets for 2021 and 2024 deals are less attractive to managers due to wider liability pricing
Spreads for the triple-A rated notes were similar to the manager's previous deal
State of New Hampshire's innovative bond gets Ba2 rating
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Japan’s Norinchukin Bank is considering investing in the European CLO market, which could push triple-A spreads — already historically low — to even tighter levels. David Bell reports. -
The US CLO new issue market is rolling headlong into the dog days of summer, with Prudential Fixed Income and Credit Suisse Asset Management each pricing new deals.
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Valeant moved to reassure its investors on Thursday over the company’s future after former CEO Michael Pearson sold off a large portion of his shares, causing a drop in the value of the stock on Thursday morning.
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Invesco and Soundpoint Capital Management have each priced CLOs this week ahead of a wave of issuance from big name managers that is expected to hit the primary market before the August lull.
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US CLO spreads have made a comeback as investors alter their thinking on the impact of the last month's UK referendum on EU membership.
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Investors in Europe and the US are looking at the US middle market CLO sector as a hedge against macroeconomic uncertainty in the wake of Brexit.
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Scandinavian asset management firm Accunia priced its debut CLO on Tuesday, as other CLO managers switch from sponsor structures to originator risk retention models to account for the uncertainty over future UK passporting rights.
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Weakness in the Italian commercial property market will hit bondholders in Natixis’ legacy Infinity 2006-1 “Classico” synthetic CMBS deal, after a listed Italian property fund defaulted on a €378m loan backing the bulk of the deal.
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UK CLO managers who fund CLO risk retention through the sponsor route are scrambling to set up alternative structures in the wake of the British referendum result, which could see the end of passporting rules and threaten the ability of UK based managers to run European CLOs.
