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
More articles
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At least one arranging bank of collateralized loan obligations is looking to add leverage to deals ripe for refinancing by selling an extra tranche and using the proceeds to juice up equity returns.
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Intermediate Capital Group will start a roadshow next week for its latest European CLO, St Paul’s CLO IV, with pricing set to be tighter than a CLO it sold in November last year.
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Intermediate Capital Group will start a roadshow next week for its latest European collateralized loan obligation, St Paul’s CLO IV, with pricing set to be tighter than its CLO sold in November last year.
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Intermediate Capital Group will start a roadshow next week for its latest European CLO, St Paul’s CLO IV, with pricing set to be tighter than its CLO sold in November last year.
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Prudential Investment Management and Credit Suisse Asset Management both priced deals early this week, as the pipeline continues to trickle on.
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Wells Fargo and other banks are pressuring managers of the collateralized loan obligations they hold to restructure them to be Volcker-compliant, sometimes as a precondition to buying new deals from those managers, according to people familiar with the matter. Spokespeople at Wells were not able to comment by press time.
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Exotix appoints global head of loans — RenCap continues equity sales drive with VP hire
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LCM Asset Management hit the market with its first collateralized loan obligation of 2014, and the first to price since the ABS Vegas conference last week in Las Vegas.
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Having the last laugh is satisfying — just ask Russia’s Siberian Coal Energy Co (Suek). The firm is on the verge of signing a hugely successful facility after almost all corners of the emerging market loan universe said that the deal would struggle because of its five year tenor — Suek’s third loan of this length since October 2011. The time has come for lenders to accept how things are, rather than grumbling about how they think they should be.