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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Neuberger Berman has hit the market with its first collateralized loan obligation since the crisis.
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JPMorgan, Barclays and Bank of America Merrill Lynch continue to dominate the top three bookrunning slots, respectively, in global asset-backed securities this year, according league tables provided to SI by Dealogic.
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The securitization market continued to gain speed in the second quarter of 2012, surpassing the first quarter as the strongest overall for the market since the financial crisis. -
RBS collateralized loan obligation analyst Justin Pauley gave notice to the bank that he plans to leave his post for a buyside position at Brigade Capital Management, a New York City-based hedge fund.
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Ratings of Spanish small and medium-size enterprise collateralized loan obligations remain resilient even if collateral performance deteriorate significantly as long as sovereign and counterparty risk does not increase, according to Fitch Ratings.
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Greg Stoeckle, managing director and Head of Global Bank Loans at Invesco, which last completed a $350 million dollar deal in April (SI, 3/24), spoke with managing editor Graham Bippart about what’s driving issuers into the market, how the market is evolving and what’s in store for the sector.
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Three collateralized loan obligations totaling nearly $1.5 billion were priced by early Thursday afternoon this week, even as spreads on liabilities drifted wider to levels similar to those seen in February this year, when AAA-rated liabilities were consistently being priced in the area of 150 basis points, according to SI data.
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Around a dozen new-issue collateralized loan obligations are set to come to market ahead of the traditional summer lull.
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U.S. commercial mortgage-backed securities and collateralized loan obligations have performed better than expected, while residential mortgage-backed securities and real estate collateralized debt obligations have been the worst performing among all structured finance sectors, according to Fitch Ratings.
