Latest news
Latest news
Pricing on triple-A rated notes tightens by 15bp as manager avoids refinancing some mezzanine tranches
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
More articles
More articles
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CIFC Asset Management and Black Diamond Capital Management are soon to hit the US market with new CLO deals, with new issuance showing no sign of abating after the most active quarter since the inception of the market, according to data from Fitch Ratings. -
Avoca Capital is looking to break through a recent 135bp over Euribor lower limit for senior European CLO notes its second euro denominated deal of the year, which some bankers see as the start of a predicted primary market tightening for the asset class.
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Chenavari opened books on its euro denominated and Volcker compliant Toro CLO this week, while two rivals may follow soon with their own euro deals after a quiet month so far for the asset class in Europe.
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Chenavari has opened books on its euro denominated and Volcker compliant Toro CLO, while two rivals may follow closely with their own euro deals after a quiet month so far for the asset class in Europe.
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A young North Carolina CLO manager is looking to expand its small team with three new hires in the next couple of months, according to a person at the firm.
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3i Debt Management and Babson Capital Europe loaded themselves into an already crowded European CLO pipeline this week, fuelling optimism among CLO bankers who are eyeing 2014 issuance of over €12bn. But as primary market prices on senior bonds remain stubbornly around the 135bp mark, concerns remain over the effect of a strengthened loan market on overall returns.
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Smaller and younger US CLO managers without a proven track record could see their paper being indiscriminately sold off if volatility hits the leveraged loan market, participants have told GlobalCapital.
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Smaller and less established US CLO managers without a proven track record could see their paper being indiscriminately sold off if volatility hits the underlying leveraged loan market, participants have told GlobalCapital.
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CIFC is forging ahead with its new middle-market CLO platform, despite losing a managing director to a specialist middle-market lender.
