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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U.S. collateralized loan obligation issuance in the first quarter nearly broke the all-time record, with $26.3 billion in middle-market and broadly syndicated loan CLOs priced, according to SI data.
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UBS is losing its head of collateralized loan obligation origination and syndication Anthony Pawlowski to the buyside, continuing a week of high-level people moves for the bank’s remaining securitization platforms.
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Price talk on Apollo Global Management’s EUR306.5 million ($391.7 million) ALME Loan Funding 2013-1 collateralized loan obligation has emerged, tracking in line with market expectations.
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Deutsche Bank is looking to close Par-Four Investment Management’s first collateralized loan obligation since the financial crisis only three days after the bank priced the deal, reflecting uncertainty as to how the market will react to upcoming changes in the way the Federal Deposit Insurance Corporation assesses the riskiness of banks’ investments.
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Michael Sobol, Cantor Fitzgerald’s head of collateralized loan obligation and collateralized debt obligation trading, has left the firm.
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Cajamar Caja Rural bought back around 7% of the outstanding bonds in its residential mortgage-backed securities and small-to-medium enterprise collateralized loan obligation tender, in what was the first buyback of European asset-backed securities this year.
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The price guidance on Pramerica Investment Management’s European collateralized loan obligation, Dryden XXVII CLO, has raised eyebrows among securitization pros in London, with some seeing the suggested spread levels on the BB-rated bonds as surprisingly low.
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Silvermine Capital Management raised a $415.97 million collateralized loan obligation via arranger Citigroup, with some tranches pricing wider than those of other recent deals.
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The Carlyle Group hit the market with a $623 million collateralized loan obligation via arranger Morgan Stanley, becoming the first manager to come to market twice in 2013.