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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LCM Asset Management hit the market with its first collateralized loan obligation of 2014, and the first to price since the ABS Vegas conference last week in Las Vegas.
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Having the last laugh is satisfying — just ask Russia’s Siberian Coal Energy Co (Suek). The firm is on the verge of signing a hugely successful facility after almost all corners of the emerging market loan universe said that the deal would struggle because of its five year tenor — Suek’s third loan of this length since October 2011. The time has come for lenders to accept how things are, rather than grumbling about how they think they should be.
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In 2014, the credit quality of new collateralized loan obligations will be strong, characterized by amortization in both the U.S. and Europe and by solid deal structures, a benign macroeconomic environment, and loosening credit in the U.S.
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Dealogic league tables of total revenue transactions, full year 2013. Including Investment Banking, Debt Capital Markets, Equity Capital Markets, Mergers & Acquisitions and Syndicated Loan revenues.
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Collateralized loan obligation professionals say regulators are beginning to come around to the sector, and that some sort of relief from the Volcker rule is now likely. [Updates previous article entitled "Volcker Would Cause $7 Bln In Bank CLO Losses"--LSTA]
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Highland Capital Management and Oaktree Capital Management opened the primary market for new collateralized loan obligations in the U.S. late last week.
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Intermediate Capital Group and Babson Capital have mandated banks for new CLOs as momentum in the European CLO market builds.
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Intermediate Capital Group and Babson Capital have mandated banks for new collateralized loan obligations as momentum in the European CLO market builds.
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Intermediate Capital Group and Babson Capital have mandated banks for new CLOs as momentum in the European CLO market builds.