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
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3i Debt Management has bolstered its European team by hiring Michael Curtis as a portfolio manager.
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3i Debt Management has bolstered its European team by hiring Michael Curtis as a portfolio manager.
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The U.S. collateralized loan obligation market saw $82.44 billion in deals price in 2013.
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December saw a surge in sales of triple-A collateralized loan obligation bonds as banks prepared for a regulatory worst-case scenario.
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Global Ship Lease, the London-based container ship lessor, has withdrawn its sale of a $400m high yield bond, blaming market conditions. -
As one of the most active years on record for U.S. collateralized loan obligations comes to a close, market players are grappling with a finalized Volcker rule that raises crucial questions for the sector, a lack of anchor triple-A investors and struggling arbitrage. Sajid Zaidi, executive director at Morgan Stanley—one of the most active CLO arrangers with $9.6 billion priced this year—spoke with SI Managing Editor Graham Bippart about how the bank is dealing with the rules, and what he expects for next year.
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US food products group Darling International allocated $1.8bn of debt late on Wednesday, after increasing its loan to $1.3bn-equivalent.
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Prospective investors in the new $400m high yield bond issue by Global Ship Lease were due to recommit by 10am New York time on Thursday after the container ship lessor revised its covenants yesterday.
