Latest news
Latest news
Manager trims spreads on CLO’s investment grade tranches in partial refinancing
New hire spent spent more than a decade at Arnold & Porter
Deal priced 1bp wide of Oaktree's previous new issue transaction
More articles
More articles
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Consistent widening of the CLO market so far in 2016 is weighing heavily on collateral managers, and some CLO market players have started to question the long-term sustainability of the space if spreads continue to widen.
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Measures to ease risk retention burdens on the CLO and CMBS markets received the approval of the House Financial Services Committee on Wednesday.
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New issuance picked up in the CLO market this week, but market confidence remains low amid volatile macroeconomic conditions and worries over the sector's high exposure to troubled corporate credit. -
Credit Suisse Asset Management (CSAM) and Neuberger Berman investment advisers have priced their first CLOs of the year.
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A switch in regulator from the Bank of Spain to Europe’s Single Supervisory Mechanism and more regulatory certainty has reopened a route to capital raising for Spain’s banks — synthetic securitization.
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Experts and legislators sparred over the impact of impending risk retention regulation on securitization in a US congressional hearing on Wednesday, as market advocates looked to relax the rules seen as hobbling the ABS sector.
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Caixabank has structured a synthetic CLO transferring the risk on a €2bn portfolio of loan and lease obligations to Spanish small and medium enterprises (SMEs).
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US non-agency RMBS, CLOs and CMBS saw an uptick in secondary market activity last week as widening spreads have made for an attractive entry point in many securitized asset classes.
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Credit quality of companies backing US CLOs is sliding, with energy exposure the primary driver of the increase in default risk, but European CLOs remain comparatively unaffected by the trend.
