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
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The liquidity of legacy collateralized loan obligations, as well as that of many subordinate tranches from new-issue deals, could suffer from Simplified Supervisory Formula Approach regulatory capital charges that will be implemented under Dodd-Frank, according to Moody’s Analytics.
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Trimaran Advisors, one of two collateralized loan obligation managers owned by KCAP Financial, came to market with a $415.4 million CLO, arranged by Credit Suisse.
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Your weekly roundup of securitization sectors with year-to-date totals in ABS, CMBS, RMBS and CLOs in the U.S. and Europe. -
Issuance of non-static collateralized loan obligations in 2012 broke $50 billion on Monday, outdoing the industry’s revised projections for the year’s total and nearly four times as much as 2011’s total.
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DFG Investment Advisers raised a $317.4 million collateralized loan obligation via Citigroup.
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December got off to a rousing start in the primary market for collateralized loan obligations, as managers rush to price deals before year-end. Nearly $3.21 billion in CLOs hit the market and priced last week.
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Credit Suisse recently added a new head of collateralized loan obligation pricing, a spokesperson confirmed.
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Ares Management priced its $567.5 million collateralized loan obligation ARES CLO XXV; the third time the firm has come to market this year with such deals.
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Brigade Capital Management raised a $411.5 million collateralized loan obligation via JPMorgan; the firm’s first non-static deal since 2007, according to sources.
