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
More articles
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ICE Canyon LLC, an investment management firm that specializes in emerging markets, sold a $600 million emerging markets collateralized loan obligation via Jefferies & Co., in the first CLO of its kind since 2007.
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WCAS Fraser Sullivan Investment sold a $450 million collateralized loan obligation via Citigroup, with the top-rated $273.5 million A-1 class pricing at a coupon of LIBOR plus 130 basis points.
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Sankaty Advisors is prepping another collateralized loan obligation from its Race Point shelf via Bank of America, as the pipeline for CLOs continues to grow after a strong first quarter.
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Silvermine Capital Management’s $462.4 million collateralized loan obligation brings issuance in the first week of April to $1.4 billion; a week that also saw some of the tightest levels seen in the primary market since markets fell off amid last summer’s macroeconomic turbulence.
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GoldenTree Asset Management priced its $526.8 million collateralized loan obligation—upsized from its original $419.1 million—with the $313 million in top-rated notes beating recent tights by 10 basis points at 130 bps over LIBOR
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Doral Leveraged Asset Management has issued a $416.15 million CLO marketed by Citigroup Global Markets, bringing year-to-date issuance to just over $6 billion.
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Crédit Agricole is planning to launch a five-year covered bond denominated in euros. Lead managers on the deal in addition to the French bank are Deutsche Bank, ING, Natixis and Royal Bank of Scotland.
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The Carlyle Group has closed it second collateralized loan obligation in less than a year at $510 million, slightly larger than the private equity firm’s first issue last July, which raised $507 million.
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One of the themes kicked around at the Information Management Network’s CLO and Leveraged Loan Conference at the New York Marriott Monday was the need to distinguish the CLO sector from its more infamous relatives in structured finance.