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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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.
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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 its CLO sold in November last year.
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Prudential Investment Management and Credit Suisse Asset Management both priced deals early this week, as the pipeline continues to trickle on.
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Wells Fargo and other banks are pressuring managers of the collateralized loan obligations they hold to restructure them to be Volcker-compliant, sometimes as a precondition to buying new deals from those managers, according to people familiar with the matter. Spokespeople at Wells were not able to comment by press time.
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Exotix appoints global head of loans — RenCap continues equity sales drive with VP hire