Latest news
Latest news
Despite unfavourable equity arbitrage, CLO issuance continues at pace
Triple-A rated CLO spreads tighten at last and a template is established for European data centre ABS
Public versus private distinction scrapped for disclosure plus new, simplified templates for mature asset classes
More articles
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European CLO managers that brought new deals in 2013 shrugged off concerns about sourcing collateral and were in many cases able to ramp up CLO portfolios ahead of schedule, according to Standard & Poor’s.
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Joint arrangers on 3i Debt Management’s Harvest CLO VIII have put out price guidance for the deal, with CLO specialists confident that European demand will compensate for any drop-off in interest from US banks still hindered by the Volcker Rule.
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Joint arrangers on 3i Debt Management’s Harvest CLO VIII have put out price guidance for the deal, with collateralized loan obligation specialists confident that European demand will compensate for any drop-off in U.S. interest as investors contemplate the implications of the Volcker Rule for CLOs.
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Joint arrangers on 3i Debt Management’s Harvest CLO VIII have put out price guidance for the deal, with CLO specialists confident that European demand will compensate for any drop-off in US interest as investors contemplate the implications of the Volcker Rule for CLOs.
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Borrowers, investors, private equity houses and banks voted in an open poll in November 2013 for the best banks in the emerging market syndicated loans market. Here are the results.
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The Volcker Rule’s ban on banks from buying collateralized loan obligations that invest in high-yield bonds may force some managers to include more second lien loans—a smaller, less liquid market with lower recovery rates—in order to up the arbitrage to equity on new-issue CLOs.
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At least one arranging bank of collateralized loan obligations is looking to add leverage to deals ripe for refinancing by selling an extra tranche and using the proceeds to juice up equity returns.
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Intermediate Capital Group will start a roadshow next week for its latest European CLO, St Paul’s CLO IV, with pricing set to be tighter than a CLO it sold in November last year.
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Intermediate Capital Group will start a roadshow next week for its latest European collateralized loan obligation, St Paul’s CLO IV, with pricing set to be tighter than its CLO sold in November last year.