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
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The Carlyle Group has closed it second collateralized loan obligation in less than a year at $510 million, slightly larger than the private equity firm’s first issue last July, which raised $507 million.
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One of the themes kicked around at the Information Management Network’s CLO and Leveraged Loan Conference at the New York Marriott Monday was the need to distinguish the CLO sector from its more infamous relatives in structured finance.
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PineBridge Investments raised its $412.5 million collateralized debt obligation, Galaxy XII, via Morgan Stanley, with the $251.5 million in top-rated liabilities reaching three-month LIBOR plus 140 basis points.
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John Walsh, Acting Comptroller of the Currency, says there are no conflicts or double requirements between the recent $25 billion mortgage-servicing settlement and consent agreements signed last year between servicers and the Office of the Comptroller of the Currency and other regulators.
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Citigroup is said to be looking to raise $400 million for a collateralized loan obligation that will be managed by Silvermine Capital Management.
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The seriously delinquent rate of single-family homes slipped to 3.57% in February from 3.59% a month earlier, while loan modifications fell slightly from January, according to Freddie Mac.
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Lloyds Banking Group launched and priced its Sandown Gold 2012-1 small-to-medium enterprise loan securitization on Tuesday.
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Life for boutique collateralized loan obligation managers will become increasingly difficult in the evolving CLO market, panelists at the Information Management Network’s CLO & Leveraged Loan Conference in New York said Monday.
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The collateralized loan obligation market faces an “existential threat” in the Volcker rule, says the Loan Syndications and Trading Association, an industry group.