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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Babson Capital and Pramerica Investment Management capped a busy Thursday for the CLO market, pricing their respective vehicles and seemingly confirming 135bp as the clearing level for senior notes. -
Babson Capital and Pramerica Investment Management capped a busy Thursday for the CLO market, pricing their respective vehicles and seemingly confirming 135bp as the clearing level for senior notes.
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Babson Capital has given price guidance on its €416.2m Euro CLO 2015-1 BV, its third, with price guidance for its floating triple-A notes at 135bp over Euribor.
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Tikehau has followed the pricing of its debut €354.7m CLO with a new hire for the business, as it builds up its team for a €1bn-€2bn programme.
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Carlyle’s €414m Carlyle Global Market Strategies CLO 2015-2 priced late last Friday as the vehicle bore through a bumpy final two weeks of its marketing period.
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Intermediate Capital Group, the specialist asset manager, has made two additions to its 35-strong credit fund management team in Europe.
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US middle-market lender and CLO manager Fifth Street Finance has promoted Steven Noreika to CFO, replacing Richard Petrocelli, who is leaving the firm.
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Carlyle’s €414m Carlyle Global Market Strategies CLO 2015-2 priced late Friday as the vehicle bore through a bumpy final two weeks of its marketing period.
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Potential investors in US CLOs are beginning to take a harder line on risk retention compliance, directly telling managers that if they ain’t complyin’, they ain’t buyin’.
