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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Collateralized loan obligation issuance in September is looking to break yet another post-crisis record, with three CLOs totaling $1.59 billion already pricing during the week, and at least $810.1 million more looking to price by close of market Friday.
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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. -
Benchmarks that anchor asset-backed, mortgage-backed and derivative contracts should be more closely tied to real observable transactions, Gary Gensler, chairman of the Commodity Futures Trading Commission, told a European Parliament public hearing Monday.
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Oak Hill Advisors principal Scott Snell has jumped to BlackRock’s structured products group in New York.
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Tom Majewski, managing director in charge of collateralized loan obligation origination at The Royal Bank of Scotland, has left his position at the bank’s Stamford, Conn., office to start a CLO equity investment fund.
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Sound Point Capital Management priced its debut collateralized loan obligation, with the top-rated tranche selling at a spread of 158 basis points over LIBOR.
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Investors buying primary and secondary collateralized loan obligations in their search for yield may want to weigh the relative value of new-issue deals against the pre-2008 vintages, according to RBS analysts.
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Spreads on new-issue collateralized loan obligations continued to tighten with the pricing of The Carlyle Group’s $615.86 million deal, arranged by Citigroup.
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Tom Majewski, RBS managing director in charge collateralized loan obligation origination, has left to start a CLO equity investment fund.
