Latest news
Latest news
Leveraged loan prices have rallied from their 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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Leverage is returning to the secondary private label residential mortgage-backed securities market as investment banks get comfortable dishing out risk to investors hungry for yield, according to a New York-based chief RMBS trader.
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Black Diamond Capital Management and ING Investment Management are both said to be raising new issue collateralized loan obligations, according to officials familiar with the strategies
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French insurance companies are circling equity tranches of collateralized loan obligations in the secondary market, according to Steven Touma, director at Paris-based Alicante Crossbow Trading.
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Symphony Asset Management is retaining only $3 million of the $44 million equity tranche anchoring its new $550 million collateralized loan obligation, with arranger Morgan Stanley distributing the bulk of the deal’s first loss piece to a number of third-party investors, according to officials.
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Barclays Capital is set to buy back some $12 billion of collateralized loan obligations and U.S. residential, mortgage-backed securities as new capital rules have made it more costly to keep them off its balance sheet.
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Plans by Deutsche Bank to sell a €900 million ($1.31 billion) collateralized loan obligation of legacy loans could provide a much-needed boost to Europe’s stalled CLO sector, industry professionals in London reckon.
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Former Goldman Sachs vets Alan Alsheimer and Martin Teevan have joined Ticonderoga Securities, a New York-based broker-dealer, to build its fixed-income platform.
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Demand for new issue collateralized loan obligations has tracked in primary paper to levels not seen since the financial crisis, according to bankers, analysts and CLO investors.
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Diane Rinnovatore has been promoted to co-head of Barclays Capital’s securitized products origination platform along with Cory Wishengrad, according to an internal memo.