Latest news
Latest news
Leveraged loan prices rally after post-war dip, with CLO demand remaining strong despite subdued LBO activity
Deal was refinanced with very tight spreads in 2021 and has been out of reinvestment since 2023
Deal includes one of the tightest triple-A prints since spreads widened due to the Iran war
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Highland Capital Management is said to be restarting its efforts to sell its EUR2.4 billion ($3.5 billion) stable of four European collateralized loan obligations, according to an official with knowledge of the situation.
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Most European collateralized loan obligations will likely wind down by 2015, predicts Standard & Poor’s.
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Standard Chartered Bank expects more issuance from its two public securitization programs, START and Sealane, following the recent execution of its $3 billion Sealane II synthetic collateralized loan obligation, according to Paul Hare, global head of portfolio management at the bank in Singapore.
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Charles Kobayashi, portfolio manager at BlueMountain Capital Management, is viewing the recent selloff in corporate loans as a buying opportunity for collateralized loan obligation managers.
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Rothschild is said to have agreed to acquire Elgin Capital, a manager of collateralized loan obligations, in a deal that will triple the financial advisers European leveraged loans undermanaged to roughly €2 billion ($2.9 billion).
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Eric Schneider, head collateralized loan obligation trader at Morgan Stanley, has left the firm for hedge fund Omega Advisors, according to an official with knowledge of the move.
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Credit Suisse Asset Management has tapped the firm’s investment banking arm to market a new collateralized loan obligation.
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The primary market may have seen new issuance volumes flatline this month, but as we settle into the second half of August, it’d be wholly wrong to characterize the past few weeks as a typically-sleepy securitization summer. -
A motion by WCAS Fraser Investment to spin off about $2 billion in two new collateralized loan obligations from Lehman Brothers’ legacy commercial loan portfolio was approved today by the bankruptcy court.
