Latest news
Latest news
◆ Fast money reverses out of SSA bond market ◆ CLO managers face risky ramp startegy ◆ Corporate hybrid bond market runs hot despite volatility
Manager tightens spread on triple-A rated notes by 23.5bp compared with the original deal
Lower loan prices offer higher equity returns but managers face rally risk once deals are priced
More articles
More articles
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Matt Katke, head of Royal Bank of Scotland’s global head of collateralized debt and loan obligation trading, left the bank to take a role at Nomura.
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More than $42 billion in collateralized loan obligations issued in 2011 and 2012 will exit their non-call periods next year, and most of them are likely to be called, according to Royal Bank of Scotland.
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The European Banking Association’s latest tweak to risk retention rules, which now requires collateralized loan obligation managers to retain deals on their own balance sheets, could slow the flow of new euro CLO issuance — until greater clarity is provided, according to market participants.
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The European Banking Association’s latest tweak to risk retention rules, which now requires CLO managers to retain deals on their own balance sheets, could slow the flow of new euro CLO issuance — until greater clarity is provided, according to market participants.
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Hedge funds are trading synthetic mezzanine classes of Swiss and German small- and medium-sized enterprise collateralized loan obligations, according to sister publication Derivatives Intelligence.
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The sale of $8.7 billion in legacy U.S. residential mortgage-backed securities by Lloyds Banking Group has been pushed back two days to Thursday, probably to give potential buyers more time to digest the bid list—the biggest such offering in more than three years—given the shortened holiday week in both the U.S. and U.K.
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The latest draft of the European Banking Association’s technical implementation of 5% risk retention rules could deal a serious blow to the European collateralized loan obligation market because it specifically cites investment firms as needing to keep “skin-in-the-game”, according to Deutsche Bank asset-backed securities analysts.
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Some European collateralised loan obligations in the market are having a tough time selling their triple-A senior piece.
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The latest draft of the European Banking Association’s technical implementation of 5% risk retention rules could deal a serious blow to the European CLO market because it specifically cites investment firms as needing to keep “skin-in-the-game”, according to Deutsche Bank ABS analysts.