Latest news
Latest news
Deal includes one of the tightest triple-A prints since spreads widened due to the Iran war
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
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A weekly roundup of securitization sectors with year-to-date totals in ABS, CMBS, RMBS and CLOs in the US and Europe. -
Benchmarks that anchor asset-backed, mortgage-backed and derivative contracts should be more closely tied to real observable transactions, Gary Gensler, chairman of the Commodity Futures Trading Commission, told a European Parliament public hearing Monday.
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Oak Hill Advisors principal Scott Snell has jumped to BlackRock’s structured products group in New York.
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Tom Majewski, managing director in charge of collateralized loan obligation origination at The Royal Bank of Scotland, has left his position at the bank’s Stamford, Conn., office to start a CLO equity investment fund.
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Sound Point Capital Management priced its debut collateralized loan obligation, with the top-rated tranche selling at a spread of 158 basis points over LIBOR.
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Investors buying primary and secondary collateralized loan obligations in their search for yield may want to weigh the relative value of new-issue deals against the pre-2008 vintages, according to RBS analysts.
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Spreads on new-issue collateralized loan obligations continued to tighten with the pricing of The Carlyle Group’s $615.86 million deal, arranged by Citigroup.
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Tom Majewski, RBS managing director in charge collateralized loan obligation origination, has left to start a CLO equity investment fund.
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A $409.3 million collateralized loan obligation from New York Life Investment Management saw its top-rated tranche sell at a spread of 145 basis points over LIBOR; the second CLO this week to price the level, confirming the general tightening in CLO spreads in recent weeks.
