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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Credit Suisse Asset Management’s $802 million collateralized loan obligation, arranged by Bank of America Merrill Lynch, saw its top-rated tranche price at the tightest level seen for such deals since May.
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Collateralized loan obligations dodged a spike in corporate defaults in the third quarter 2012, according to a Standard & Poor’s Ratings Direct report.
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Redwood Commercial Mortgage Corporation’s re-securitization of mezzanine commercial real estate debt, in the market this week, signals a new risk-on attitude from investors who are flocking to riskier commercial real estate securities in the hunt for relative yield.
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A weekly roundup of securitization sectors with year-to-date totals in ABS, CMBS, RMBS and CLOs in the US and Europe. -
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.
