Latest news
Latest news
Pricing on triple-A notes lands 10bp wider than previous deal in the wake of Iran war
Manager has already used its fourth captive equity fund to invest in five CLOs
◆ Fast money reverses out of SSA bond market ◆ CLO managers face risky ramp startegy ◆ Corporate hybrid bond market runs hot despite volatility
More articles
More articles
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New reforms threaten to shrink the number of banks in Europe willing to provide swaps in securitization trades, according to market professionals.
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A federal judge in New York has dismissed lawsuits brought by investors against Bank of America’s Merrill Lynch unit to force the bank to bring charges against officers and directors for their role in risky investments in collateralized debt obligations.
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The Federal Deposit Insurance Corporation has the market scrambling to understand an addition to its risk retention and qualified residential mortgage proposals, passed unanimously by the board Tuesday, that will force non-QRM deals to be structured with a “premium capture cash reserve account.”
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JPMorgan and GE Capital decided to market Kasima Incremental Term Loan, a $220 million securitization of media industry revenues, to syndicated loan investors—running the transaction from their loan desks and sidestepping securitization investors, according to the deal’s sponsor.
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The Basel Committee on Banking Supervision is said to be considering a capital surcharge on banks deemed systemically important.
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European collateralized loan obligations have little to cheer about Moody’s Investors Service’s announcement that changes in how it rates CLOs will result in upgrades and result in better perception of their creditworthiness.
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Moody’s Investors Service has downgraded the senior debt and deposit ratings of 30 of Spain’s top banks two weeks after lowering the country’s rating.
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Barclays Capital is said to be liquidating a €300 million ($424 million) collateralized loan obligation to profit from its investment.
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About $1.49 billion of collateralized debt obligations are set for liquidation already in 2011, but the rate of unwinding is set to slow, according to market players.