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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Telos Asset Management, formerly known as Tricadia Loan Management, returned to the collateralized loan obligation market Monday with a $361.35 million CLO, upsized from an original $300 million.
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Bain Capital credit affiliate Sankaty Advisors is looking hit the tightest levels seen on new-issue AAA-rated collateralized loan obligation debt in more than a year.
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Bingham McCuthen partner Charles Sweet outlines the implications of the Commodity Futures Trading Commission's October and December 2012 interpretive guidance letters on commodity pools and how they relate to securitizations. -
Michael Freilich, a former managing director in structured credit sales at Deutsche Bank in London, has joined StormHarbour Securities as a managing director, also in London.
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The recent trend of companies issuing senior secured notes to pay down senior secured term loans is benefitting holders of senior European collateralized loan obligation debt, according to Moody’s Investors Service.
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Cairn Capital’s new collateralized loan obligation will hold the 5% skin-in-the-game portion in a managed structured credit fund of the London-based asset manager.
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Market chatter suggests Cairn Capital’s EUR300.1 million ($406.6 million) Cairn CLO III—the first European leveraged loan collateralized loan obligation in over 18 months—has received a cautious but positive welcome as the deal hit the road this week.
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Buysiders threw $15.5 billion into new-issue asset-backed securities in the weeks ahead of ASF 2013, compared to $11 billion for the entire month last year.
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Société Générale has merged its debt management subsidiary Egret Management LLP into its Lyxor Asset Management unit.
