Latest news
Latest news
Spreads on CLO liabilities stay wide, making resets for deals from multiple vintages unattractive
Fund is designed to invest in the equity in Bain’s CLOs, but can also invest in liabilities
Manager trims spreads on CLO’s investment grade tranches in partial refinancing
More articles
More articles
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New challengers are entering the CLO arranging market, as deal sizes swell and analysts rewrite their issuance forecasts. Lesser known arrangers like Mitsubishi UFJ are looking to expand their presence, and US managers are broadening their appeal by structuring deals to comply with European regulations. But some market participants are calling for caution as pre-crisis trends re-emerge. -
New challengers are entering the CLO arranging market, as deal sizes swell and analysts rewrite their issuance forecasts. Lesser known arrangers like Mitsubishi UFJ are looking to expand their presence, and US managers are broadening their appeal by structuring deals to comply with European regulations. But some market participants are calling for caution as pre-crisis trends re-emerge.
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US CLO managers are starting to structure their deals to comply with European risk retention rules, as European CLO investors turn away from their own backyard to focus on the booming US market, which they see as offering better value.
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Asset management giant Carlyle Group has handed sole reins on a new Volcker-compliant collateralised loan obligation to one of Wall Street’s youngest structured products firms, Mitsubishi UFJ Securities.
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Two new US CLOs are being structured to comply with European risk retention rules. The deals come as European CLO investors turn away from their own backyard to focus on the booming US market, which they see as offering better value.
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Oaktree Capital Management priced its euro-denominated Arbour CLO late on Friday, at the end of a week that saw investors selling bonds further down the capital structure on the secondary market.
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CLO investor Fair Oaks Income Fund has acquired the last two remaining CLO holdings from GLI Finance, as it builds an initial portfolio ahead of a listing on the London Stock Exchange’s Specialist Fund Market next month.
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Asset manager giant Carlyle Group is handing sole reins on a new Volcker-compliant collateralized loan obligation to one of Wall Street’s youngest structured products firms, Mitsubishi UFJ Securities.
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Despite increased interest in shorter non-call and reinvestment periods in the broadly syndicated CLO market, a wave of short dated deals is unlikely to materialise anytime soon, market participants told GlobalCapital on Thursday. But investors will still have a chance to take on shorter paper, with plenty of CLO 2.0 deals available for refinancing.
