Latest news
Latest news
The triple-A rated notes' spread widened by 25bp compared to the original deal
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
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GSO Capital Partners is set to pick up in 2014 where it left off in the European CLO market late last year after increasing the size of its Holland Park CLO by more than €100m. -
Voting has now closed for the GlobalCapital US CLO Deal of the Year Award, which will be presented at IMN's CLO Conference in New York on April 22.
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New interest from triple-A buyers helped Deutsche Bank upsize THL Credit’s latest CLO on Tuesday, as some bank investors look to move back into CLOs amid increased optimism around a possible solution to the Volcker rule’s treatment of their investments.
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CVC Credit Partners priced its first European CLO of the year this week, ensuring the euro primary market’s busiest quarter for years. CLO managers told GlobalCapital they were untroubled by triple-A spreads remaining stubbornly above last year’s levels and just happy to be pricing deals again.
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The CLO market proved its resilience to regulatory challenges this week by churning out at least three new deals, with more in the pipeline. But significant challenges are lurking beneath the positive sentiment — the SEC has launched a probe into the product, and some smaller bank investors are nervously eyeing their CLO holdings because of uncertainty around the Volcker Rule.
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The CLO market is proving its resilience to regulatory challenges this week, with new deals bringing total issuance so far this year to over $20bn. But significant challenges are lurking beneath the positive sentiment — the SEC has launched a probe into the product, and some bank investors are selling their CLO holdings because of uncertainty around the Volcker rule.
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Small banks with large holdings of collateralized loan obligations may not wait for a clarification on the Volcker Rule and could start divesting their holdings very soon.
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The US CLO market continued its recent run of good form this week, despite continued uncertainty over whether bank investors will be given relief from the Volcker rule. The exit of some of those buyers could inspire structures that cater to non-bank investors, said market participants.
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The US CLO market continued its recent run of good form this week, despite continued uncertainty over whether bank investors will be given relief from the Volcker rule. The exit of some of those buyers could inspire structures that cater to non-bank investors, say market participants.
