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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Mizuho hires for new CLO role — Boskamp to join Crédit Agricole for corporate DCM — JP Morgan shakes up SSA team
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Mizuho International has hired a euro CLO specialist for a newly created role, one of a number of hires in its global markets team for Europe, the Middle East and Asia following Asif Godall taking over the division in March. -
With the credit cycle in its late stages, issuers have been looking for vehicles well suited to holding lower-rated collateral, giving rise to higher triple-C limits in some broadly syndicated loan (BSL) CLOs. However, a recent Moody’s reports highlights how those higher allowances may not materially increase risks given other deal features that protect investors.
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Sub-investment grade markets are starting to follow high grade in using ESG structures, with a high yield issue from microfinance firm Bayport and a leveraged loan from Spanish telco MasMovil set to show whether the changes will help issuers cut financing costs.
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A wave of first time CLO managers have emerged since the market began its astonishing bull run in 2014. Standout among them has been CBAM, which has built an $11bn CLO platform in less than three years, in part thanks to a lucrative partnership with a storied Kansas life insurance company.
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Theresa May’s statement today that she will step down as leader of the Conservative Party on June 7 has increased the likelihood that the UK will leave the European Union without a deal, meaning capital markets need to prepare for the worst again.
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JP Morgan picks levfin top brass — Ex-Barclays boss turns up at Wells Fargo — Fixed income portfolio manager leaves Mirova.
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Business debt has reached near record levels that should give businesses and investors reason to “pause and reflect”, warned Jerome Powell, chair of the US Federal Reserve, this week.
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The Alternative Reference Rates Committee (ARRC) is set to release fallback language next week that would prescribe how Libor-linked securitizations would adopt an alternative benchmark in the absence of the traditional inter-bank rate.
