Latest news
Latest news
Major sectors in leveraged loans are trading down, making shrewd credit selection vital
Deal is one of the tightest prints this year and is the second European CLO solely arranged by Mizuho
Debut manager is launching a CLO platform building on leveraged loan market experience
More articles
More articles
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A handful of deals from Bahrain and the CIS region is all there is to keep emerging markets loans bankers busy over the next six to eight weeks, with many already heading off for summer breaks as volumes and near term pipelines dwindle to almost zero.
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After a long wave of repricing activity, the amount of new money deals has increased in the US leveraged loan market and this is helping investors gain better terms and pricing. -
On top of a busy primary market CLO pipeline, a wave of expensively priced deals sold in 2016 are expected to be reset soon, but some analysts are confident the supply can be absorbed without too much disruption to spread levels.
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Palmer Square Capital Management sold a new CLO on Wednesday, as US CLO analysts are predicting that high levels of supply are likely to put pressure on spreads for the remainder of the year, and rating agencies warn on riskier behaviours seeping into leveraged loan and CLO markets.
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Russia’s Bank for Development and Foreign Economic Affairs (VEB) has signed an agreement with China Development Bank that could see the Chinese state run lender provide up to $9.8bn-equivalent in loans to finance joint projects between the two institutions.
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THL Credit has acquired the CLO unit of Chicago-based loan manager Kramer Van Kirk Credit Strategies.
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Natixis Investment Managers has bought MV Credit, the private debt investment firm, from the partners of the firm.
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Small and middle market focused lender Kartesia has hired Sharif Anbar-Colas as portfolio manager to focus on CLO investments.
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GlobalCapital has learned that Citigroup is marketing the equity for BlackRock’s sixth European CLO, which is expected to be around €410m in size.
