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
-
The return of European CLOs has gathered pace in recent weeks, but new deals still face hurdles arising from a lack of available collateral and tightening spreads in the loan market.
-
The lack of supply in the European leveraged loan market is one of the greatest challenges facing CLO managers looking to raise new collateralised lending obligations (CLOs), according to Fitch Ratings.
-
A bid list comprised mostly of senior collateralized loan obligation names was scheduled to trade at 3 pm GMT on Tuesday afternoon, with a smaller list of cash CLO equity names set to follow on Thursday.
-
The primary market for collateralized loan obligations surged back into action after two weeks of relative slumber, helping assuage fears that new capital charges from the Federal Deposit Insurance Corporation could force a major investor base in the sector to pull back.
-
As many as three banks reportedly bought into a new-issue collateralized loan obligation from New Jersey-based Seix Investment Advisors; a possible sign that new capital charges on the CLO investments made by banks won’t be as much of a hindrance to the booming sector as some feared.
-
Oak Hill Advisors this week refinanced three tranches of a leveraged loan fund issued in 2011, shaving nearly 60 basis points off the triple-A bonds.
-
A small equity slice of the Queen Street 2007-I collateralized loan obligation traded on Tuesday afternoon at a higher level than anticipated, which a dealer said reflects the sustained appeal of the name in the market.
-
Credit Suisse Asset Management is preparing to come to market with a European collateralized loan obligation arranged by Bank of America-Merrill Lynch.
-
The return of the European CLO market has taken another leap forward after the successful pricing of two new CLOs in a week. With spreads in the debt tranches of the three CLOs sold this year getting consecutively tighter, CLO specialists expect other big CLO managers will be lining up deals.