Latest news
Latest news
Market anticipates another record year for new issuance, even as equity returns remain weak
Rating upgrades to CLO tranches by Moody's and Fitch could let managers increase leverage in deals
Manager takes advantage of tight spreads available for refinancings to cut triple-A pricing by 14bp
More articles
More articles
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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.
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Some European collateralized loan obligations in the market are having a tough time selling their triple A senior piece.
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Alternative investment manager Angelo, Gordon & Co. is tapping Morgan Stanley again to arrange its upcoming collateralized loan obligation.
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A lack of eligible CLO collateral in Europe will force managers to consider multi-currency buckets, but CLO lawyers are less certain whether managers will want to use currency swaps to make multi-currency asset purchases possible.
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New collateralised loan obligations (CLOs) in the European market will need underlying portfolios that are well ramped up in order to have a smooth ride through the market, according to CLO specialists in London.
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Cantor Fitzgerald extended its recent push into collateralized loan obligation trading and arranging in Europe with two hires to newly created positions in collateralized debt obligation origination and structuring.