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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Two collateralized loan obligations that have been in the market for nearly two months have priced.
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Franklin Advisers, the investment management arm of FranklinTempleton Investments, priced late last week a $303 million collateralized loan obligation; the firm’s first since 2007.
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The window of opportunity for investment managers looking to acquire U.K. and European collateralized loan obligation portfolios or platforms may be shutting, as CLOs from the region begin to exit their reinvestment periods en masse.
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Symphony Asset Management was the first of three managers expected this week to raise collateralized loan obligations totaling $1.18 billion.
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The mortgage-backed and asset-backed securities markets continued to tighten last week on low supply and the search for relative yield, with analysts at Bank of America Merrill Lynch predicting further tightening of five to seven basis points in short and medium duration paper.
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Most tranches rated AA- from Spanish small-to-medium enterprise collateralized loan obligations would be able to retain investment grade ratings in all but the “most implausible” stress scenarios, according to Fitch Ratings.
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Most tranches rated AA- from Spanish small-to-medium enterprise collateralized loan obligations would be able to retain investment grade ratings in all but the “most implausible” stress scenarios, according to Fitch Ratings.
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The mortgage-backed and asset-backed securities markets continued to tighten last week on low supply and the search for relative yield, with analysts at Bank of America Merrill Lynch predicting further tightening of five to seven basis points in short and medium duration paper.
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Issuers of collateralized loan obligations sat out the last week as the arbitrage afforded by the margin between loan prices and liability spreads continued to thin.
