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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European policymakers have identified CLOs as a way to help channel credit to SMEs. So the risk retention rule they are planning to implement makes no sense at all.
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Schaeffler, the ball bearing maker is to conduct an IPO this year, aiming to raise several billion euros to repay debt. -
The CLO market is approaching a set of both new and familiar challenges, including regulation and sector-specific risk, but credit deterioration is at the top of concerns for some market participants.
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Borealis — Ardian — Com Hem — Tikehau — Technicolor
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Mizuho International is pushing to upgrade its structured solutions business with two experienced banker hires, but has indicated a retreat from high yield by saying it will not replace its exiting European head of high yield credit trading.
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The touting of Crossover tranches as a hedge for CLO investments has prompted debate in the market, with some seeing the instrument as adding a useful tool while others remain sceptical.
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Greenwich-based private equity firm Littlejohn & Co. debuted in the US CLO market via its credit arm Wellfleet Credit Partners, this week.
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A swathe of deals where Deutsche Bank is a counterparty are subject to proposals to allow it to stay on in its transaction roles, following confirmation of the bank’s A3 rating with Moody’s.
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After initially asking its CLO management subsidiary Telos Asset Management to find a third party investor to provide the first-loss piece of its latest CLO, Tiptree Financial has stepped in to do so itself — although it is still in talks with potential financiers.
