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
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3i Debt Management has bolstered its European team by hiring Michael Curtis as a portfolio manager.
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3i Debt Management has bolstered its European team by hiring Michael Curtis as a portfolio manager.
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The U.S. collateralized loan obligation market saw $82.44 billion in deals price in 2013.
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December saw a surge in sales of triple-A collateralized loan obligation bonds as banks prepared for a regulatory worst-case scenario.
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Global Ship Lease, the London-based container ship lessor, has withdrawn its sale of a $400m high yield bond, blaming market conditions. -
As one of the most active years on record for U.S. collateralized loan obligations comes to a close, market players are grappling with a finalized Volcker rule that raises crucial questions for the sector, a lack of anchor triple-A investors and struggling arbitrage. Sajid Zaidi, executive director at Morgan Stanley—one of the most active CLO arrangers with $9.6 billion priced this year—spoke with SI Managing Editor Graham Bippart about how the bank is dealing with the rules, and what he expects for next year.
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US food products group Darling International allocated $1.8bn of debt late on Wednesday, after increasing its loan to $1.3bn-equivalent.
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Prospective investors in the new $400m high yield bond issue by Global Ship Lease were due to recommit by 10am New York time on Thursday after the container ship lessor revised its covenants yesterday.
