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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New York City-based investment adviser Anchorage Capital Group is tapping JPMorgan to arrange a $412.5 million collateralized loan obligation.
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Nomura Securities has arranged a $413.5 million collateralized loan obligation for Crescent Capital Group, with the top-rated $257 million slice selling at a yield of 143 basis points over LIBOR.
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David Carlson, U.S. head of structured credit at UBS, has left the bank.
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The Federal Court of Australia’s ruling against Standard & Poor’s in case over a synthetic securitization could spark cases in other common law countries.
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ING Alternative Asset Management brought its fourth collateralized loan obligation to market, with the top-rated $272 million tranche said to sell with a yield of 139 basis points over LIBOR; the first time the AAA-rated slice of any CLO on record has sold tighter than 140 bps since May.
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Alcentra, a unit of BNY Mellon, priced its second collateralized loan obligation of the year, again hiring Jefferies & Co. to arrange the deal.
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GreensLedge Capital Markets was sole arranger of a collateralized loan obligation raised last week for MP Senior Credit Partners, a unit of private equity firm MatlinPatterson Global Advisers.
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Hurricane Sandy set back the strong pace of issuance in the structured finance markets that has characterized recent months.
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Sankaty Advisors, the credit affiliate of Bain Capital, launched a $624.5 million collateralized loan obligation, Monday, despite the onset of Hurricane Sandy that closed the bond markets Tuesday.