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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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.
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In 2014, the credit quality of new collateralized loan obligations will be strong, characterized by amortization in both the U.S. and Europe and by solid deal structures, a benign macroeconomic environment, and loosening credit in the U.S. -
Dealogic league tables of total revenue transactions, full year 2013. Including Investment Banking, Debt Capital Markets, Equity Capital Markets, Mergers & Acquisitions and Syndicated Loan revenues.
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Collateralized loan obligation professionals say regulators are beginning to come around to the sector, and that some sort of relief from the Volcker rule is now likely. [Updates previous article entitled "Volcker Would Cause $7 Bln In Bank CLO Losses"--LSTA]
