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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After the biggest month for new issue CLO supply since the market was created in the 1990s, Wall Street researchers have predicted that new issue spreads will grind tighter in the near-term, as secondaries come in and CLO formation is challenged by low loan supply. -
Goldman Sachs is planning to directly offer equity using a new middle-market business development corporation (BDC) that opened at the end of 2018, as interest in direct lending continues to tick up and the economic cycle stretches toward its conclusion.
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Thomas Mathieson has joined Credit Suisse from NatWest Markets, to head up special situations and loan trading.
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The Securities and Exchange Commission (SEC) is taking a second look into combination notes, a genre of resecuritized CLOs, nearly nine months after Moody’s was fined for allegedly misrepresenting risks contained in the blended debt products. Alex Saeedy reports.
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The Alternative Reference Rates Committee (ARRC) issued recommendations for Libor replacement at the end of April, indicating that it believes the market should effectively self-regulate when it comes to picking a new benchmark for floating rate debt contracts.
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Voya Alternative Asset Management is preparing to issue a €354.32m CLO via Citi, the US manager’s second European CLO since setting up shop in Europe.
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Bank of America is marketing a static CLO for Barings Business Development Company, a subsidiary of the North Carolina-based asset manager, as the sponsor looks to move away from broadly syndicated loans back towards lending into the middle market.
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While Japanese regulators opted for 'reg-lite' when determining that CLO holdings did not pose a substantial systemic risk to its domestic banking sector, an opposition to risky overseas investment among Japanese politicians is growing as more cracks show in the nation’s banking sector.
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Fair Oaks Capital is planning to launch its debut European CLO this quarter, with deal documentation structured to comply with ‘environmental, social and governance’ (ESG) principles.
