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
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Price talk on Apollo Global Management’s EUR306.5 million ($391.7 million) ALME Loan Funding 2013-1 collateralized loan obligation has emerged, tracking in line with market expectations.
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Deutsche Bank is looking to close Par-Four Investment Management’s first collateralized loan obligation since the financial crisis only three days after the bank priced the deal, reflecting uncertainty as to how the market will react to upcoming changes in the way the Federal Deposit Insurance Corporation assesses the riskiness of banks’ investments.
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Michael Sobol, Cantor Fitzgerald’s head of collateralized loan obligation and collateralized debt obligation trading, has left the firm.
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Cajamar Caja Rural bought back around 7% of the outstanding bonds in its residential mortgage-backed securities and small-to-medium enterprise collateralized loan obligation tender, in what was the first buyback of European asset-backed securities this year.
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The price guidance on Pramerica Investment Management’s European collateralized loan obligation, Dryden XXVII CLO, has raised eyebrows among securitization pros in London, with some seeing the suggested spread levels on the BB-rated bonds as surprisingly low.
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Silvermine Capital Management raised a $415.97 million collateralized loan obligation via arranger Citigroup, with some tranches pricing wider than those of other recent deals.
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The Carlyle Group hit the market with a $623 million collateralized loan obligation via arranger Morgan Stanley, becoming the first manager to come to market twice in 2013.
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European securitized paper is continuing to attract money despite falling trading volumes, according to London-based Chenavari Investment Managers, whose Toro Capital IA securitization fund turned over 10% of its portfolio to score a 3.21% return last month.
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Market players are buzzing that a $417.3 million American Money Management Corp. collateralized loan obligation is the final CLO contract for arranging bank UBS.