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
-
GSO Capital Partners priced its second European collateralized loan obligation this year—and 2013’s largest so far—on Friday, as new research indicates that Euro CLO issuance in the third quarter alone is closing in on the total seen in the entire first half of the year.
-
Minimax Viking allocated its new transatlantic loans late last week, after achieving a reverse flex on August 5.
-
Allocations were distributed to BMC Software’s investors on August 9, after a radical change to the debt’s structure and currency split. -
Auto-Teile-Unger, a German chain of car repair shops, is working on a programme to restructure its balance sheet, which could affect its bonds and loans.
-
High yield bond funds are continuing to attract more money in Europe, as the market celebrates a record €61bn of issuance in the first seven months of this year.
-
Goldman Sachs, Wells Fargo and JPMorgan have moved away from providing different prices to different investors in the same tranches of new-issue collateralized loan obligations.
-
Source: Dealogic
-
Source: Dealogic
-
Investec will take on the risk retention obligations of an originator in a new euro CLO, Pinewood 2013-1, which is managed by Pramerica Investment Management.
