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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Moody’s Investors Service has downgraded the senior debt and deposit ratings of 30 of Spain’s top banks two weeks after lowering the country’s rating.
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Barclays Capital is said to be liquidating a €300 million ($424 million) collateralized loan obligation to profit from its investment.
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About $1.49 billion of collateralized debt obligations are set for liquidation already in 2011, but the rate of unwinding is set to slow, according to market players.
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Lloyds Banking Group is arranging the European market’s first publicly offered project finance-backed collateralized loan obligation, a £1.5 billion ($2.44 billion) deal called Gable Funding.
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The primary collateralized loan obligation pipeline is seeing a rush of fresh activity, with BlackRock, BlueMountain Capital Management, Commercial Industrial Finance Corp and Sankaty Advisors all ramping up new deals.
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Deutsche Bank is restructuring its entire U.S. securitization trading platform, unifying all structured finance trading and related derivatives under a single umbrella, according to officials close to the move.
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Mutual funds plowing into corporate loans and a dearth of available assets on the secondary market are presenting potential speed bumps to refueling robust collateralized loan obligation issuance.
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Goldman Sachs is looking to issue between $5-6 billion in new commercial mortgage-backed securities in 2011 and is also aiming to lock down more contracts to arrange collateralized loan obligations, according to a senior official familiar with the firm’s strategy.
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West Gate Horizons Advisors is eyeing the launch of a new collateralized loan obligation, with the second half of the year shaping up as the targeted time frame.