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 triple-A spreads are on a tear, with the latest offering tightening below the 150bp mark for the first time in 2016, buoyed by a broadening investor base and improved market sentiment. -
Société Générale this week appointed a new European head of leveraged loan syndicate, after the former levloan boss left the bank.
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The relatively low price of mezzanine CLO paper compared with other assets is driving a wave of interest from high yield corporate investors, market participants said this week.
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Information Management Network (IMN) has moved to secure the Eden Roc Miami Beach Hotel as a second host venue for is annual ABS East conference alongside the Fontainebleau Miami Beach, to accommodate an expected stampede of US CLO market participants.
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The US CLO market surged in July, with issuance picking up and spreads tightening, but industry insiders are cautioning that the sector still has a way to go before returning to the heights of the past few years.
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HSBC and Société Générale have underwritten a sterling loan for what is, according to two bankers, the first UK leveraged buyout since the country voted to leave the EU almost a month ago.
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Three of the 30 most commonly held company exposures in US CLOs were downgraded in the second quarter of the year by S&P Global Ratings, reigniting concerns around collateral quality in the sector.
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Peter Melichar, head of European CLO origination at Jefferies, has left the bank, GlobalCapital understands.
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Japan’s Norinchukin Bank is considering investing in the European CLO market, which could push triple-A spreads — already historically low — to even tighter levels. David Bell reports.
