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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Uncertainty rippled through UBS’ securitization group after a European newspaper reported Wednesday that the Swiss bank will shutter its U.S. asset-backed business.
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The expiry of collateralized loan obligations is posing a problem for low-rated firms that have depended on CLOs for funding.
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Guggenheim Investment Management has priced a $1.435 billion collateralized loan obligation, the largest vehicle raised since the 2008 financial crisis.
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Wells Fargo is said to be raising a $270 million collateralized loan obligation for 40/86 Advisors, a fixed-income investment manager.
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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.