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
-
The trend to covenant-lite loans in Europe is gathering pace, causing some consternation among the continent's conservative lenders, with food maker Diana Ingredients this week lining up to follow French compatriot Ceva Santé Animale which last week closed the first all-euro covenant-lite deal in years. -
Voting has now closed for the GlobalCapital US CLO Deal of the Year Award, which will be presented at IMN's CLO Conference in New York on April 22.
-
GSO Capital Partners is set to pick up in 2014 where it left off in the European CLO market late last year after increasing the size of its Holland Park CLO by more than €100m.
-
Voting has now closed for the GlobalCapital US CLO Deal of the Year Award, which will be presented at IMN's CLO Conference in New York on April 22.
-
New interest from triple-A buyers helped Deutsche Bank upsize THL Credit’s latest CLO on Tuesday, as some bank investors look to move back into CLOs amid increased optimism around a possible solution to the Volcker rule’s treatment of their investments.
-
CVC Credit Partners priced its first European CLO of the year this week, ensuring the euro primary market’s busiest quarter for years. CLO managers told GlobalCapital they were untroubled by triple-A spreads remaining stubbornly above last year’s levels and just happy to be pricing deals again.
-
The CLO market proved its resilience to regulatory challenges this week by churning out at least three new deals, with more in the pipeline. But significant challenges are lurking beneath the positive sentiment — the SEC has launched a probe into the product, and some smaller bank investors are nervously eyeing their CLO holdings because of uncertainty around the Volcker Rule.
-
The CLO market is proving its resilience to regulatory challenges this week, with new deals bringing total issuance so far this year to over $20bn. But significant challenges are lurking beneath the positive sentiment — the SEC has launched a probe into the product, and some bank investors are selling their CLO holdings because of uncertainty around the Volcker rule.
-
Small banks with large holdings of collateralized loan obligations may not wait for a clarification on the Volcker Rule and could start divesting their holdings very soon.
