Latest news
Latest news
Manager takes advantage of tight spreads available for refinancings to cut triple-A pricing by 14bp
How securitization can help high LTV mortgage lending, and why is the CLO market so busy
Portfolio includes private credit transactions originated by Sona and broadly syndicated loans
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The U.S. market was quiet last week, with a two-pronged credit card receivables deal from American Express and a quieter triple net lease deal from STORE Capital the only stories getting told. -
BlackRock Financial Management raised a $415.75 million collateralized loan obligation via Bank of America; the first from its Magnetite shelf since 2003.
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Three collateralized loan obligations found their way to investors in the last week and another is making the rounds, adding to a handful of CLOs that put an end to a late-July dry spell for the sector.
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Columbia Management is said to be marketing a $408 million collateralized loan obligation, CENT CLO 16, following a handful of CLOs that recently priced and ahead of a batch expected just after Labor Day.
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Prytania Investment Advisors’ recently launched Galene fund will aim to switch out of more liquid assets further up the capital curve to better yielding assets, such as U.S. CLOs and CMBS in the next few months, according to Mark Hale, chief investment officer, at the firm in London.
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A $115.2 million bids-wanted-in-competition list composed of collateralized loan obligation equity tranches from pre-crash vintage deals went to market Thursday, with all but three of the bonds trading.
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ING Alternative Asset Management priced its second collateralized loan obligation of the year, the $364.82 million ING IM CLO 2012-2, with the $225.5 million in AAA-rated liabilities selling to investors at a yield of 153 basis points over LIBOR.
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Two collateralized loan obligations that have been in the market for nearly two months have priced.
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Franklin Advisers, the investment management arm of FranklinTempleton Investments, priced late last week a $303 million collateralized loan obligation; the firm’s first since 2007.
