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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US CLO market players have quickly moved past the shock result of last week’s presidential election, refocusing on the US risk retention deadline on December 24. -
European ABS spreads widened briefly on Wednesday morning after the shock US election result, but quickly recovered.
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US private equity firm Och-Ziff Capital Management closed its first European CLO on Thursday, as pricing of junior CLO debt defies the tightening seen at the top of the capital stack.
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Valeant Pharmaceuticals, the biggest obligor in US CLOs, is understood to be selling off assets in an attempt to pay down debt. But it may not be the shot in the arm the sector is after, writes Sam Kerr.
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With aggressive leveraged loan repricing hitting the returns to CLO structures, managers are taking a variety of steps to protect their portfolios.
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Derivatives and fixed income valuation and risk analytics provider FINCAD has added securitization to its coverage.
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With Europe’s leveraged loan market undergoing a “repricing frenzy”, CLO managers are looking to refinance deals coming out of non-call periods over the next few months in order to protect equity returns in those deals.
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The US new issue CLO market finished last week with a flurry of deals.
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The US new issue CLO market sprang to life this week, cheered by investors who have complained about the high volume of refinancing and reset activity that has dominated the market in October.
