Latest news
Latest news
An interview with Propel and the BBB, a busy Q1 for ABS, more arb headaches for CLO managers
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
More articles
More articles
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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. -
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.
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Babson Capital has joined an extensive pipeline of prospective European CLO 2.0 issuers, looking to print its second post-crisis euro transaction. Bankers are looking forward to robust supply for the second half of the year, but concerns remain over the effect of a strong loan market on overall returns.
