Latest news
Latest news
Pricing on triple-A notes lands 10bp wider than previous deal in the wake of Iran war
Manager has already used its fourth captive equity fund to invest in five CLOs
◆ Fast money reverses out of SSA bond market ◆ CLO managers face risky ramp startegy ◆ Corporate hybrid bond market runs hot despite volatility
More articles
More articles
-
New European risk retention rules for securitisations have delivered a vicious blow to the nascent CLO revival in Europe, writes Joe McDevitt. Bankers fear that a new proposal that brings CLO managers into the scope of the so-called "skin in the game" requirement — which dictates that the sponsor of a deal must retain a 5% vertical slice of the structure — will change the nature of the market forever.
-
Bankers within the European leveraged loan market have greeted the European Banking Authority’s proposed tightening of risk retention rules for securitisations with apprehension.
-
Matt Katke, head of Royal Bank of Scotland’s global head of collateralized debt and loan obligation trading, left the bank to take a role at Nomura.
-
More than $42 billion in collateralized loan obligations issued in 2011 and 2012 will exit their non-call periods next year, and most of them are likely to be called, according to Royal Bank of Scotland.
-
The European Banking Association’s latest tweak to risk retention rules, which now requires collateralized loan obligation managers to retain deals on their own balance sheets, could slow the flow of new euro CLO issuance — until greater clarity is provided, according to market participants.
-
The European Banking Association’s latest tweak to risk retention rules, which now requires CLO managers to retain deals on their own balance sheets, could slow the flow of new euro CLO issuance — until greater clarity is provided, according to market participants.
-
Hedge funds are trading synthetic mezzanine classes of Swiss and German small- and medium-sized enterprise collateralized loan obligations, according to sister publication Derivatives Intelligence.
-
The sale of $8.7 billion in legacy U.S. residential mortgage-backed securities by Lloyds Banking Group has been pushed back two days to Thursday, probably to give potential buyers more time to digest the bid list—the biggest such offering in more than three years—given the shortened holiday week in both the U.S. and U.K.
-
The latest draft of the European Banking Association’s technical implementation of 5% risk retention rules could deal a serious blow to the European collateralized loan obligation market because it specifically cites investment firms as needing to keep “skin-in-the-game”, according to Deutsche Bank asset-backed securities analysts.