Latest news
Latest news
Changing issuance patterns, tight mezzanine spreads and investor demand deliver bumper crop of deals
Deal follows Macquarie's acquisition of Spire, which issued previous Aurium CLOs
Pim van Schie, a portfolio manager at Neuberger, discusses rising investor appetite for CLO mezzanine tranches
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.
