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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New York Life Investment Management is raising a new $400 million collateralized loan obligation, the firm’s first new raise since 2007.
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Credit Suisse Asset Management has priced its new $407.1 million Atrium VII collateralized loan obligation, with all the notes coming in at guidance.
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Standard & Poor’s has proposed sweeping changes to the way it rates collateralized debt obligations backed by asset-backed securities.
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The days when a guy with two dogs and a Bloomberg terminal could make it in the collateralized loan obligation market are long gone, and that’s not a bad thing, said James Galowski, partner at Stone Tower Capital.
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Spanish lender Banco Espanol de Credito has unveiled a EUR1.34 billion ($1.84 billion) securitization of micro, small and medium enterprise loans from its Empresas Banesto shelf.
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Credit Suisse Asset Management has floated pricing on its new $365.5 million Atrium VII collateralized loan obligation, with the deal tipped to price as early as today but no later than mid-next week.
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WCAS Fraser Sullivan rolled out pricing on a new $400 million collateralized loan obligation, jumping ahead of a pack of other deals bogged down amid Euro-zone worries.
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The lion’s share of collateralized loan obligations downgraded by Moody’s Investors Service in the depths of the 2008 financial crisis have seen their ratings restored, but that doesn’t mean legacy vehicles have the green light to start reinvesting.
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WCAS Fraser Sullivan is offering its second collateralized loan obligation of the year, a $400 million broadly syndicated vehicle, through arranger Citigroup.