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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Stateside, investors were seen clamoring for one lone ABS deal, a farm and construction equipment transaction from John Deere Capital, that priced tight amid the otherwise barren ABS primary landscape. -
Capital markets don’t normally break records in August. But the pricing of three collateralized loan obligations brought the month’s total issuance to $5.77 billion, breaking April’s $5.66 billion mark as the biggest month for CLOs since the financial crisis.
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An Ares Management unit upsized its newest collateralized loan obligation by about $300 million to $718.3 million at pricing.
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The top-rated tranche of a new $413.2 million collateralized loan obligation from Columbia Management sold at a spread that is tighter than any non-static, new-issue CLO seen since late June.
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A weekly roundup of securitization sectors with year-to-date totals in ABS, CMBS, RMBS and CLOs in the U.S. and Europe.
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The Carlyle Group is getting set to raise its third collateralized loan obligation this year, the $518.84 million Carlyle GMS 2012-3.
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The U.S. market was quiet last week, with a two-pronged credit card receivables deal from American Express and a quieter triple net lease deal from STORE Capital the only stories getting told.
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BlackRock Financial Management raised a $415.75 million collateralized loan obligation via Bank of America; the first from its Magnetite shelf since 2003.
