Latest news
Latest news
Borrowers take advantage of robust CLO demand to tighten leveraged loan pricing
New realm for ex-Natixis banker, as HSBC Innovation Bank hires
Manager reset the deal for the second time as the end of its reinvestment period approached
More articles
More articles
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Goldman Sachs is arranging the reset for Intermediate Capital Managers’ €436.2m St Paul’s CLO II, taking the reins from Lloyds, which arranged the original deal in 2013. -
Angelo, Gordon & Co has hired Michiel von Saher as a managing director based in London. He joins from PGIM Fixed Income and expands the firm’s performing credit team to 13, including four in the UK.
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Cairn Capital has hired Nicolas Chalmers as its chief executive, marking the “next phase” in its development.
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Nordic broker Pareto Securities is looking to capitalise on the growth of the Schuldschein market and the instrument’s increasing popularity in its native region by advising and arranging transactions itself. But some traditional market players fear the Oslo-based firm’s association with high yield borrowers is a cause for concern. Silas Brown investigates.
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KKR Credit Advisors is resetting its Avoca CLO XVIII, a €570.73m euro CLO, with the senior notes guided at 99bp-102bp.
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Shareholders of the Budapest Stock Exchange (BÉT) decided to establish a securitization advisory subsidiary at a meeting held on August 14 to “facilitate the development of the domestic securitization market.”
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BNP Paribas is pitching a reset of Dryden 48 Euro CLO 2016 on behalf of PGIM Fixed Income, keeping the late summer CLO reset and refinance wave rolling.
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A pair of CLO transactions were priced on Thursday, with Neuberger Berman bringing a deal via arranger Credit Suisse, and Citi pricing a transaction on behalf of Aegon Investment Management.
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CLO managers are still able to refinance deals in the European market, but analysts said such deals will soon be replaced by a raft of new issuance. The buy-side is also diversifying as investors flee negative yield rates in other market sectors.
